Why is Estate Planning Important?

Without a will, Indiana intestate law controls who inherits your assets, even if you specifically told family members who should inherit specific assets.

The problems associated with dying without a will are numerous. A few examples are listed below.

  • A decedent may want to give assets to a family member who is not entitled to inherit under intestate law, or to a charity, but these wishes will not be respected.
  • A decedent may not want to give assets to a family member, but under the law, that member will inherit a specified share anyway.
  • There may be a family member who is a minor or is disabled and cannot legally own assets in their name, and therefore a guardianship must be established, resulting in state law controlling how and when they receive money.
  • Family members may—civilly or otherwise—argue about who gets to keep various property items, including precious (and priceless) family heirlooms.
  • There may be uncertainty as to what should happen to larger assets—such as a family home—when multiple children are entitled to inherit the estate.

We have seen these and many other similarly unfortunate situations. The result often can be strained or broken family relationships and sometimes even thousands of dollars in legal fees. Don’t let this be your legacy.

We represent estate planning clients on a fixed-fee basis, and we accept credit-card payments.