Estate Planning Attorney Greenfield IN
Dickmann Reason Bogigian & White Greenfield IN Estate Planning Law
Few of us ever give much thought to our golden years beyond retirement. While many of us have a retirement plan in place, what we most often lack is a plan to deal with a health crisis, personal care and care of our finances as we age. However, a fall, an illness or simply old age may prevent us from making or communicating our wishes to our loved ones. In addition, the financial burden of our care could fall to family members if we have not taken the time to put a plan in place. Some of the services each estate planning attorney in Greenfield IN from our firm provide to clients in Greenfield, Fortville, New Palestine, McCordsville, Hancock County, Indianapolis, Shelbyville, Morristown, Knightstown, Anderson, Pendleton, New Castle, Connersville, Rushville, Fishers, Geist, Carmel, Shelby County, Henry County, Hamilton County, Madison County, Marion County and central Indiana include:
- Long Term Care Planning – we’ll help you develop a plan for paying for nursing home expenses, in-home care expenses and other expenses involved in your care as you age. We can help with Medicaid Planning, reviewing your current insurance policies and working out tax strategies for managing your finances.
- Advance Directives – most people give very little thought to the fact that we make our own decisions about our health every time we visit the doctor. Advanced directives help ensure you continue making your own health care decisions, even if you are unable to effectively communicate your wishes to your doctor or your family. We’ll help you prepare directives to appoint a person to be your health care representative, ensure your wishes about organ and tissue donation are known, help with powers of attorney for both health care and finances and help with living wills and other directives that provide direction to your medical care team and your family regarding your wishes.
- Special Needs Planning – when a cherished family member has special needs it is stressful to consider what might happen after your death. A special needs trust can be established for their care after your passing including planning for their finances, living arrangements, and their care.
Estate planning is important at all stages of life and regardless of the size of your estate. At Dickmann Reason Bogigian & White we can assist you with all of your estate planning needs. Contact us today to schedule a consultation.
Planning Your Future with An Estate Planning Attorney
We grow wiser as we grow older, but we still have plenty of questions – and an estate planning attorney Greenfield IN trusts can provide all the right answers.
There are many steps you can take to ensure your loved ones are looked after as you get older, and with the help of an estate planning attorney you can make the entire process much easier. Read on to learn more about how an estate planning attorney can help you build the best future possible, and reach out to Dickmann Reason Bogigian & White to get started.
How Can an Estate Planning Attorney Help Me?
It’s important to have legal counsel you can trust if you’re planning your estate. While many people assume that an estate planning attorney’s services only includes wills and trusts, the right Greenfield estate planning attorney can go above and beyond these expectations.
An estate planning attorney can ensure you’re looked after when you’re no longer able to care for yourself, and can also ensure that your loved ones who rely on your support will be cared for long after your death. It’s important peace of mind, and and important safety net for any dependents you may have.
What is Durable Power of Attorney?
Contacting an estate planning attorney is the first step to establishing durable power of attorney. Durable power of attorney means you’re giving a trusted person the legal right to act as your representative: When the time is right, he or she will handle your affairs and make sure the best decisions are being made.
Why Should I Consider Power of Attorney?
There are many reasons you might want to establish durable power of attorney. For example, if your family has a history of alzheimer’s or other neurodegenerative conditions, you might want to provide instructions for a trusted person to act on your behalf if you’re somehow impaired as you get older. Power of attorney is also a safety net that you can rely on when it comes to any unexpected accidents or injuries.
What is Guardianship?
If durable power of attorney is all about planning out guardianship applies to the. This can include children, elders, and adults who are unable to care for themselves. These loved ones are relying on you for their health and welfare, and if you’re suddenly unable to provide for them, you need to make sure they are looked after by someone you can trust – a guardian.
What are the Types of Guardianship?
There are two types of guardianship: Guardianship of the estate, and guardianship of the person. Guardianship of the estate means that the trusted guardian exclusively manages finances. Guardianship of the person means that the trusted guardian is responsible for the health and wellbeing of your dependent or dependents. It’s important to name someone you can trust to be the guardian of your loved ones, whether it’s only finances or their physical wellbeing.
What Can I Expect from Dickmann Reason Bogigian & White?
At Dickmann Reason Bogigian & White, we understand the importance of proper estate planning. When you get in touch with us, you’re getting in touch with legal specialists who can draw from years of estate planning experience – and all with a free consultation and dedicated case management.
Don’t hesitate to reach out. Get in touch with us today, and see how a Greenfield estate planning attorney can help you plan for the future.
An Estate Planning Attorney Will Also Help the Executor
When a loved one passes away, it can be a very trying time for the remaining family members and friends. While they may want to just concentrate on the grieving process, they also have to think about administering the deceased’s estate. Whoever is named as the executor of the estate (sometimes called the personal representative or administrator) needs to deal with resolving everything related to the deceased’s affairs and last wishes. Even under the best of circumstances, probate can be a complex process. The role of executor is an important position, and this person has a lot of responsibilities.
Some people assume that retaining an estate planning attorney is a waste of money, but they could not be more wrong. Experienced estate planning attorneys from Dickmann Reason Bogigian & White can help the executor through this trying time and streamline the estate administration process. They will also help make sure all final taxes are resolved and that the estate is subsequently closed without any outstanding taxes or liabilities.
Estate Administration Tasks
In general, the process for probate and estate administration will vary based on the circumstances surrounding the estate. If someone dies without a will, this is referred to as being “intestate,” which is a different process when compared to someone with a will. The main scenarios for probate are:
There is no will or trust – The decedent’s assets are passed to family members per the state’s intestate succession laws. There is likely still a need for probate, but it will take longer since the court has to appoint a representative of the estate first.
There is a will – Assets will be subject to probate, which can take months or longer if there are disputes between beneficiaries/heirs.
There is a trust – Distribution of assets to beneficiaries can be handled privately, with no need to involve the probate court.
There is a will and trust – Some decedents have both a will and a trust that controls some assets. In these situations, the probate process and distribution of funds held in a trust can be handled simultaneously.
Tasks an Executor Has to Perform
The executor will have a series of duties throughout the probate process. These include:
Verify the will is valid
Prepare an inventory of all the estate’s assets
Resolve outstanding debts
Locate all heirs
Sell off any estate property
Distribute remaining property to heirs according to the decedent’s final wishes
Prepare a final accounting in detail
Complete all required tax filings and resolve any payments to cover federal, state, and estate taxes
Executor Who Is Out-of-State
One aspect that can make probate more complicated is when the executor resides in another state. This is one of the many cases in which a skilled estate planning attorney from Dickmann Reason Bogigian & White is helpful. The attorney will utilize the latest in technology to make the process easier and minimize the amount of travel needed.
Contact Our Estate Planning Law Firm Today
Estate planning is important at all stages of life and regardless of the size of your estate. At Dickmann Reason Bogigian & White we can assist you with all of your estate planning needs. Contact our office to schedule a consultation with a dedicated Greenfield, IN estate planning attorney.