Estate Planning

Many people think estate planning is only for “rich people.” However, virtually every individual and family can benefit from having an estate plan created by an attorney who focuses on this area of the law. Without your own plan, the state of Indiana will control how your assets are distributed after you pass away. The State isn’t interested in reducing settlement costs, streamlining distribution of assets, or making sure that your wishes are carried out. Another reason to have an estate plan of your own is to ensure that you can control who can make medical and financial decisions on your behalf in the event of incapacity. Without a properly designed and implemented estate plan, someone will petition the court to gain control over your medical care and assets. This could be a person you would never have chosen on your own to make important decisions for you. To accomplish foundational estate planning goals such as these, we offer the following services:

  • Wills
  • Powers of Attorney
  • Health Care Directives
  • HIPAA Authorizations
  • Revocable Living Trusts
  • Irrevocable Asset Protection Trusts
  • Advanced Estate Planning

At Applegate and Dillman Elder Law, we use a variety of advanced estate planning tools and strategies to help you accomplish a wide range of goals, such as:

  • Assuring the continuance of surviving family members’ lifestyle and the protection of assets
  • Passing values, work ethic and a sense of responsibility to heirs
  • Substantially reducing income, excise, gift, estate, and generation skipping taxes
  • Keeping financial affairs and family matters private through a properly funded and implemented trust
  • Taking care of disabled children or grandchildren
  • Making sure heirs are mature enough to handle a large inheritance on their own, and taking steps to protect the inheritance until they are ready
  • Protecting heirs’ inheritances if they become divorced, remarry or fall under the influence of predators
  • Ensuring a lasting legacy and impact on society

Contact our Indiana estate planning lawyers to discuss your particular needs, concerns, and hopes for the future.

Estate planning is not just for the rich. Nearly everyone can benefit from a good estate plan.