It is important to lay all of your cards on the table as it were when you are devising an estate plan with your attorney’s assistance.
Some individuals have aspects of their lives that are not common knowledge to all family members. How you conduct your life is your own business, but if you want your estate to be administered smoothly after your passing your attorney should know all of the relevant facts.
There have been situations when someone has passed away and an individual steps forward claiming to have had a relationship with this person unbeknownst to his or her family. In situations such as these there could possibly be a child or children involved.
If such a scenario did exist you would do well to explain it to your attorney while the estate planning documents are being drawn up rather than letting the matter play itself out after your passing.
Gifts are another thing to consider. If you have given large gifts throughout your life these transfers could impact your tax exposure, and your attorney must be apprised of the extent of your gift giving.
Some people conceal same-sex relationships, and this too could have unintended consequences if you don’t let your attorney know how you would like to proceed.
Should you be interested in discussing things with an expert, don’t hesitate to pick up the phone to set up a consultation with a licensed and experienced Indianapolis estate planning lawyer. If you communicate openly and comprehensively your attorney will be able to see to it that your wishes are carried out to the letter in a smooth and efficient manner after you pass away.
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.
- What You Need to Know About Older Drivers in Indiana - November 30, 2023
- What Is Undue Influence in an Indiana Will Contest? - November 28, 2023
- How to Make Things Easier for Your Children After Your Death - November 23, 2023
