Every move that you make has a ripple effect, and this is something to keep in mind when you are considering the topic of estate planning.
If you are a serious minded individual who has every intention of maximizing your resources you would do well to develop a comprehensive, cohesive long-term financial plan that culminates in the distribution of your resources after you pass away.
What would be the alternative? The answer is to be one of those who goes through life with blinders on day-to-day without having any clue regarding how your ongoing actions are impacting your future.
With the above in mind it is essential to take steps to protect your assets from creditors and claimants. This is extremely important for people in certain lines of work, such as real estate investors and physicians who are particularly vulnerable to lawsuits.
You have to take action well in advance of any difficulties appearing over the horizon because you can make matters worse if you try to react after-the-fact.
The good news is that there are multiple ways to position your resources in a safe manner as you are making holistic plans for your long-term financial well-being. The key is to tap into professional expertise early on to develop a plan that is ideal for you and your family.
If you concur with the simple truths stated above, take action right now to arrange for a consultation with an experienced Indianapolis estate planning lawyer who places an emphasis on long-term, comprehensive financial planning.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
Latest posts by Paul A. Kraft, Estate Planning Attorney (see all)
- If a Beneficiary Dies During Probate What Happens to the Inheritance? - September 18, 2019
- Is Your Power of Attorney Powerless? What to Do When a Third Party Won’t Honor an Agent’s Authority - September 11, 2019
- Are There Different Types of Special Needs Trusts? - September 4, 2019