No one wants to think about the death or incapacity of a loved one. However, these are unfortunate realities that we all have to deal with at one point or another. While we hope that these are events that will not occur in the near future, it is never too early to start taking the important and necessary steps to ensure that your property, finances, and other assets are protected through your lives and for future generations. This requires planning the management and disposition of your estate.
Estate planning is determining how to manage your assets if you become incapable of making your own financial decisions, as well as how to distribute your assets following your death. You also have to decide how your assets and healthcare will be managed, as well as by
Having a plan can be both a benefit to and protection for you and your loved ones before and after your death. Some benefits of estate planning include:
With a plan, you can ensure that critical matters will be handled in the way of your choosing when you are no longer around. There are certain documents that you will need to include in your plan, such as:
While it may seem like a morbid task, estate planning is a very important and complex matter, which is why it is necessary to start planning as soon as possible and to work with an attorney who specializes in these matters.
One of the major components of an estate plan is a will. If you die without a will (intestate), the laws of Indiana will determine how your assets are distributed. This means you have no
Some of the steps you will need to take are as follows:
As you look toward the future, estate planning doesn’t have to be a complex or lengthy process. You can trust that Ball Eggleston attorneys are experienced in creating wills and trusts and will ensure your wishes are correctly implemented in the event of your death. For a personal consultation, call our office to make an appointment today.
Ball Eggleston is located at 201 Main Street, Suite 810 P.O. Box 1535 Lafayette, IN 47902. Contact Ball Eggleston by phone at (765) 742-9046, by fax at (765) 742-1966, or by email at firstname.lastname@example.org. For additional information, find Ball Eggleston online at www.ball-law.com. You can also find us on Facebook and YouTube.
Disclaimer: The content of this blog is intended to be general and informational in nature. It is advertising material and is not intended to be, nor is it, legal advice to or for any particular person, case, or circumstance. Each situation is different, and you should consult an attorney if you have any questions about your situation.