No one likes to think about the day when they will be gone. However, sometimes it's important to put our fears aside to focus on our family's needs. Will they be well-taken care of when you pass? The careful planning of trusts and estates can make all the difference for those you will be leaving behind, and well-considered planning can also benefit you for the rest of your life. In order to protect yourself and your family, it is vitally important that you work with an experienced Indiana Estate Planning Lawyer to ensure that your wishes are followed when you are gone.
An "estate plan" is an umbrella term that covers a wide variety of arrangements for dealing with one's estate. The documents in your estate plan are tailored to whatever your unique situation and estate plan goals require. While some people need Trust Agreements to accomplish their specific goals and minimize probate expenses, others may not. An experienced estate planning lawyer will assess your particular financial and personal situation and desires to determine which estate planning documents are required to accomplish those needs.
Some of the more basic documents that most estate plans include are:
Last Will and Testament
Durable Financial Power of Attorney
Health Care Power of Attorney
Funeral Planning Declaration
Special Needs Trust Planning
Business Succession Planning
Preservation and Transfer of Wealth
Gift and Estate Tax Planning
Estate and Trust Administration
Planning for Public Benefits such as Medicaid and SSI
Whatever your needs, make the process of estate planning and creating trusts asimple matter. Having a skilled estate planning lawyer can save you and your family thousands in future estate taxes.
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