One of the foundational elements to consider when you are taking stock of your legacy would be the vehicle or vehicles of asset transfer that you intend to utilize.
There are many choices, but the most common one is the last will. These documents are pretty well understood as a way to state your final wishes in a manner that may seem rather simple and straightforward.
However, last wills are not as elementary as you might think. There are websites out there claiming that anyone can create their own last will, but you would do well to take pause before buying into the sales pitches.
What are the problems with Do-it-yourself last wills? We have prepared a report that answers this question in great detail.
Should you be interested in getting the inside story with regard to the pitfalls that go along with trying to create your own last will download our free report by signing up for access here: Indianapolis Last Will Report
Your estate must be probated when you execute a last will to express your final wishes with regard to the distribution of your assets to your heirs. The probate court will examine the will and supervise the administration of the estate.
As a result the will should be prepared with the expectations of the local Indianapolis area probate courts in mind. It should not be a generic stab with a one-size-fits-all document.
You should know what you are getting into before trying to go it alone. Download the report, absorb the information that is contained within it, and make an informed decision.
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.