Indiana Estate Planning Law Firm
What is Estate Planning?
The practice of estate planning involves the planning for the orderly transfer of the management and disposal of an individual’s estate during both the person’s life and after death. Estate planning is easy to say. But good estate planning is a more involved process to complete successfully. It’s important that when planning for the orderly transfer of your assets that the process is completed with care and concern.
Expert Estate Planning is a Complex Process.
Estate planning is much more complicated process than simply drafting or making minor revisions to your will. Estates can be both extremely large or extremely small. The most important aspect of any estate plan is that it is YOURS.
What Comprises an Estate Plan?
When it comes to planning your estate in Indianapolis, it is normal to expect for a number of different questions to arise throughout the process. Ensuring that you have your estate plan in place is important because if you pass away without a valid will or trust in place, the court, and not you, could end up as the responsible party for deciding how your estate is divided. Between the government and your heirs. No one wants that to be their lasting legacy. Normally, a complex estate plan may include planning for the distribution of items such as:
- Trust funds
- Businesses and Business Assets
- Real Property
- Life Insurance Policies
- Retirement Plans
- Inheritances and Other Gifts
- Unnamed Financial Resources
Now is the Time to Speak to an Indianapolis Estate Planning Lawyer
What is Probate?
Probate is the legal process in which the assets of a deceased individual pass to the heirs or beneficiaries of the deceased individual. If there is an asset or assets that are in a deceased person’s sole name, there is a good probability that the deceased’s asset or assets will need to go through the Probate process in order for that property to pass to the rightful heir or beneficiary of the property. Assets that need to go through the Probate process could include, but is not limited to, assets such as:
- Real estate
- Checking Accounts
- Savings Accounts
- Brokerage Accounts
- Retirement Accounts
- Life Insurance Policies
However, if the title to an asset is held jointly with another individual or there is a named beneficiary on the asset, then there is the strong possibility that the asset may not need to be administered through Probate and may pass directly to that individual outside of the Probate process. We can assist with the orderly passing through of those assets.
Our Probate Practice Areas
None of us want to think about what will happen when a loved one dies or to even fathom what will ultimately happen to their estate in the end. No one can quantify how difficult the probate process can be on a grieving family until the situation occurs. At Zentz we are Indianapolis estate planning attorneys that are here to remind you that you are not alone.
Our Probate Practice Areas include the following:
- Estate Administration
- Estate Litigation
- Estate Planning
- Estate Taxes
- Wills and Trusts
If you have recently lost a loved one or a person you care about is no longer able to care for themselves, we can help give you peace of mind by getting your loved one’s affairs in order and properly managing their estate in what could be an otherwise highly stressful time. It’s common knowledge that the probate process can be both complicated and confusing. As estate planning lawyers we realize that handling an estate of any size can potentially add unwanted and unneeded stress.
Top Rated Indiana Estate Planning Law Firm
At Zentz Law, we are here to help plan for the transfer of your estate while you are able to make the choice. Let’s determine what happens to your assets now. Give us a call for a free consultation at 317-677-7169 to schedule a meeting today.