If you do not put plans in place for who inherits after your death, the rules of intestacy apply. You may not want intestacy law to determine who inherits your money and property because you may have different plans for how your wealth should be distributed after you have died. Unfortunately, unless you make an estate plan that includes at least a last will and testament so you can make your preferences known, intestacy law may govern what happens to the money and property … [Read more...] about What Are The Rules of Intestacy?
Estate Planning in Indianapolis
An Indianapolis inheritance planning attorney provides assistance with making plans that will allow you to not just leave a legacy but also to protect your heirs. In many circumstances, simply transferring money and property to loved ones after your death is not the best approach to take to providing for your loved ones. Your family members may have various special needs or may be in unique circumstances that make the direct transfer of wealth impractical, impossible or unadvisable. Because you … [Read more...] about Why it’s Important to Consider Your Heirs When Making an Inheritance Plan
If you’re one of the millions of Americans who’s finally getting around to thinking about estate planning, it may be tempting to cut corners and seek the easy way out. After all, if you believed everything that you read online, then there’s a good chance that you might assume that you can get by with some cheap, fill-in-the-blank form that you find advertised online. If you’ve been even a little bit tempted to go that route, you might want to rethink your options. The fact is that you could be … [Read more...] about Can an Indianapolis Estate Planning Law Firm Work for Your Planning Needs?
With the estate tax exemption limit currently set at almost five and a half million dollars, many Indianapolis residents might have the impression that estate planning is no longer as important as it once was. Some assume that estates with values below that exemption amount are simply too small to need any sort of complex planning, or that everything will just be sorted out in probate court after they die. The fact is that estate planning is still a critical issue for everyone, since estate … [Read more...] about Estate Planning Tips for Indianapolis Residents to Keep Wealth in the Family
If you’ve finally reached the point in life where you’re starting to think about estate planning, there’s a good chance that you feel a little bit out of your depth. Proper estate planning often involves much more than just the creation of a simple will – especially when you want to ensure that you’ve taken steps to deal with future incapacity, plan for Medicaid eligibility, and leave behind a legacy for your loved ones. You may be worried about estate tax implications, asset transfers, and a … [Read more...] about Essential Estate Planning Facts: An Overview of Indiana Inheritance Laws
When it comes to estate planning, the internet is sometimes viewed by many as a suitable alternative to the professional assistance traditionally relied on by people who need to craft wills, trusts, and other important documents. There are a whole host of sites out there that provide so-called do-it-yourself (DIY) tools that promise readers the ability to simply fill in a few blanks and prepare their own professional documents. While this might seem like a great option for anyone who wants to … [Read more...] about Learn How an Estate Planning Attorney Can Help You Avoid Common Mistakes
Estate Planning: Put the Procrastination Behind You in 2016 from Paul Kraft The overarching point that we are trying to make is that estate planning is an ongoing process. It is not something that you accomplish in a single sitting, unless you plan your estate on your deathbed. Learn more about Estate Planning in this presentation. … [Read more...] about Estate Planning: Put the Procrastination Behind You in 2016