Have you considered contacting an elder law lawyer in Indianapolis, Indiana? If you have any questions about how you can prepare for your future and provide for your family after your death, reaching out to a qualified attorney is one of the wisest decisions you can make.
But what exactly does an elder law lawyer do, and how can their services benefit you and your loved ones? As it turns out, elder law lawyers are a valuable and versatile resource, and they can help with a whole list of potential questions and estate-planning challenges:
- Wills and trusts: When people think of elder law lawyers, estate planning is usually what comes to mind. You’ve built up a legacy over the course of your lifetime, which includes properties, collections, cars, and debts. It’s up to you and an elder law lawyer to determine who should handle all of this in your absence, and how it should all be divided up after your death. It sounds relatively straightforward, but if there’s any bad blood between your family members, there’s potential for bitter infighting. Fortunately, a lawyer can help prevent any of that.
- Establishing power of attorney: It’s an ugly subject, but it warrants discussion: What should happen if you’re completely incapacitated and unable to make important decisions on your own? Whether it’s through illness or injury, some people lose the ability to control their own lives, and they should be able to rely on someone they trust to take over instead. That’s where power of attorney comes in. Power of attorney means a trusted individual will take care of your important decisions when you are no longer able to do so yourself, and an elder law lawyer in Indianapolis, IN can help prepare a power of attorney for you.
- Taxes, taxes, taxes: If you’re leaving behind anything for your friends and family, you’re also leaving behind taxes – unless you have the right elder law lawyer on your side. Taxes are a fact of life (and death), but they don’t have to completely sap the value out of your estate. When you reach out to a qualified elder law lawyer, you get a valuable resource who can help you navigate complicated tax rules and regulations to give your loved ones as much as possible, without taxes taking a maximum toll on everything.
It takes a lot of work to leave behind a workable estate, especially one that includes instructions for all of your beneficiaries. But what are the benefits of estate planning?
Why you should consider estate planning:
You might be wondering if estate planning is right for you in the first place. Short answer: Yes.
If you have built up anything over the course of your life – whether it’s your house, second properties, collections, or just maintaining family heirlooms – you want to make sure they go to the right place after your death. That’s the beauty of estate planning.
When it comes to leaving behind assets for your loved ones, you need to know how to protect these assets from anyone who might contest your will. An elder law lawyer can keep you aware of any potential challenges to the instructions you leave behind, and they can also help you find a way to minimize losses for your family while providing a completely streamlined process for your beneficiaries.
Reach out to Dickmann Reason Bogigian & White today
There’s no reason to hesitate when it comes to ensuring your loved ones are looked after during your twilight years. Reach out to Dickmann Reason Bogigian & White today, and see how an elder law lawyer in Indianapolis, IN can help you secure a better tomorrow for your family and friends.