Wills Lawyer in Indianapolis, IN
Our wills lawyer Indianapolis, IN residents, turn to for their estate planning needs shares that developing your will is only one component to the estate planning process. While the idea of mapping out your final wishes may feel overwhelming, know that in the long run, it will be well worth it for you and your loved ones. Our firm from Dickmann Reason Bogigian & White is dedicated to helping people in need of an estate plan with the process. While there are many reasons a person may delay developing their estate plan, it can offer several key documents that may be needed even while you are still living. Don’t hesitate to get started with the services we provide.
What does a Wills Lawyer do?
A wills lawyer is a licensed attorney who specializes in estate planning and trusts. A will lawyer can help you determine your assets, liabilities, and beneficiaries for your estate plan. The job of a wills lawyer Indianapolis, IN is to help clients create legally binding documents that dictate how their assets will be distributed after they die. This process can be complex, and a Wills Lawyer Indianapolis, IN must be adept at navigating the legal system to ensure that the client’s wishes are carried out.
There are many important decisions to make when creating an estate plan such as determining the type of trust, selecting executors or trustees, naming guardians for minor children, and designating a healthcare proxy for yourself or loved ones. Not only do these decisions affect how your family inherits what you leave behind, but they also dictate how much tax you pay on all of that hard-earned money.
Dickmann Reason Bogigian & White also typically provide estate planning services, which can include helping clients create trusts and other legal vehicles to protect their assets during their lifetime.
Why is a Wills Lawyer Needed?
A lot of people think that they don’t need a wills lawyer until they’re older and have more to leave behind, but this is not the case. Whether you’re young or old, the time to get your affairs in order with an experienced wills lawyer is now!
There are many reasons why a Wills Lawyer Indianapolis, IN is needed. One of the most important reasons for this is because it can help protect your family and loved ones by providing them with what they need to be financially secure after you die. A will gives individuals their own say in how their assets should be distributed, rather than leaving all of these decisions to someone else. It also helps keep things organized so that your survivors do not have to go through the added stress of trying to figure out where everything goes when you pass away.
A wills lawyer in Indianapolis, IN helps families plan ahead by making sure they’re protected against the unexpected event of death or disability so their heirs are well-protected. This includes protecting assets from creditors or lawsuits after death; handling taxes; limiting probate, and dividing property among beneficiaries as desired without court interference.
It is important to have a will in order to ensure that your loved ones are taken care of when you pass away. A wills lawyer can help draft a document that fits your family’s needs, or they may provide guidance on how to update an existing will.
A wills lawyer in Indianapolis, IN can also help by providing general advice about what should be included in one’s last wishes. They may also offer specific advice for more complex situations, such as whether one should include provisions for minors who are not yet 18 years old at the time of death, if someone has children from two different marriages, or if there is potential for future stepchildren.
A will can also be used to name someone as a guardian for minor children and other beneficiaries. The will should include specific instructions on how assets are divided, what happens if there is more than one heir, whether there are any special provisions for family members like an inheritance trust, and who would receive the property if you die without a will. Dickmann Reason Bogigian & White will help guide you through the process and answer any questions you may have.
Common Reasons Our Clients Have Put Off Planning For The Future
Many of our clients come to us who have put off their estate plans. While these estate plans are long overdue in some cases, in other situations, our clients may have attempted to develop their plan only to find that they are in over their head. While there may be a range of reasons you have waited to create your estate plan, we can help ensure that the process is as smooth as possible. Here are some common reasons why people may put off the estate planning process:
- They don’t believe they have assets that are worth protecting
- They can’t afford the cost associated with hiring an Indianapolis, Indiana, wills lawyer
- They don’t have the time to dedicate to a process they believe to be cumbersome
- They forget to make it a priority
- They think they are too young to need an estate plan
Know that while estate planning can feel like a task, many feel an immense sense of relief when they can walk away with a plan that has been solidified. Our firm will ensure that nothing is left to the imagination and that you have a plan should the unexpected occur.
Key Estate Planning Elements
As previously stated, an estate plan is made up of more than just the last will and testament. When making plans for the future, you will need to have several vital documents. This will ensure that every possible outcome has been considered. In doing so, you protect your family, your assets, and your lasting wishes. Here are some critical elements to an estate plan that we can assist with:
- Power of Attorney
- Healthcare Directives
- Last Will & Testament
- Beneficiary Designations
- Guardianship Designations
- Living Trust
Depending upon your unique situation, an experienced lawyer will understand your needs and draft an estate plan to include all the necessary documents. While the thought of making plans for the future can seem daunting, having a plan in place can offer peace of mind.
Unsure of where to start? Initiate the process with Dickmann Reason Bogigian & White. Our team of experienced professionals can review your estate and develop a plan that is specified to your needs. Depending upon the size of your estate, in most cases, a plan can be developed in a very short period. To gain a clear picture of what the process entails and how our firm can assist, schedule a consultation with our Indianapolis, Indiana, wills lawyer as soon as possible.