Who will care for your loved ones when they are unable to care for themselves? What will happen to your mother or father’s estate when they pass away? Who will inherit your estate after you pass away? What about probate and taxes? These are vital questions that most families need to address sooner or later.
That’s why it’s so important to work with skilled Schererville estate planning attorneys to assist you with these complicated legal matters. Arshad, Pangere & Warring, LLP works daily with Indiana families with complex elder law and estate planning issues.
Some estate planning issues our attorneys can assist you with are:
No matter how healthy you are today, starting the estate planning process as soon as possible is always a wise move. This ensures that property and assets are protected if someone becomes ill or passes away.
A proper estate plan details how assets will be handled and distributed if you or your loved one passes away or becomes incapacitated. The estate plan includes all your real and personal property before it is distributed through a will or trust.
No matter how large or small your estate, you should have a Schererville estate planning attorney write a will for you. A will gives your beneficiaries the right to the assets you want them to have when you pass away. Some items that can be addressed in a will are:
The will also can discuss what you want to happen regarding a funeral or burial. Also, a will may name the individual you want to be a legal guardian for minor children. If there are other estate assets, such as a business, how it is handled also can be laid out in the will.
The probate court will decide who gets your property and other assets if you die without a will. This is a negative outcome that an Indiana estate planning attorney can help you avoid.
Managing your or your loved one’s estate involves handling many thorny legal issues. But don’t worry: Your estate planning attorney will help you address these matters quickly and efficiently:
Probate is the court process that ensures all estate assets are valued correctly and are distributed to the named beneficiary. The probate process usually requires assets to be frozen as the probate court reviews if the will is valid.
After the probate process is finalized, other estate issues are addressed. Probate involves the analysis and appraisal of assets. Any outstanding debts or taxes are settled before assets are distributed to beneficiaries.
The rights of creditors are placed over those of beneficiaries during probate. The idea is to be sure that all debts and taxes are paid before funds and assets are given to the beneficiaries. Some of the things that are covered during this period are:
If you’re thinking about estate planning or elder law, Arshad, Pangere & Warring LLP has the experience to help you and your loved ones plan for the future. Contact us today for a consultation to learn about how our estate planning attorneys can help you
We understand that life doesn’t always go the way you plan. That’s why we accept credit cards and offer payment plans.
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