An estate planning attorney in New Albany Indiana can assist you in making arrangements for handling your property after your passing, as well as help you devise an estate plan that protects your assets and wishes for healthcare and other matters in the event you become disabled and are unable to make decisions related to your own care. An estate planning attorney in New Albany Indiana can also advise you as to how to create an effective estate plan that can minimize taxes and fees so that your loved ones and heirs may receive all the property that you intended with the least complications.
Estate plans often include wills and trusts, living wills, healthcare directives and general durable powers of attorney. A will is the legal instrument that details how your property is to be distributed after your death. If you die without a will, your property will be distributed according to Indiana intestate laws and your wishes will not be considered. Trusts are created for many purposes, including addressing personal family concerns as well as tax planning, and can be funded either during your lifetime or at the time of your death. A living will specifies your wishes for end-of-life care if there is a medical event which renders you unable to communicate. Healthcare directives allow you to designate a person to make healthcare decisions on your behalf, and powers of attorney are important in the event that you become incapacitated and are unable to handle your own affairs and to avoid adverse guardianship court proceedings.
An estate planning attorney can provide you with the peace of mind of knowing that no matter what happens, your interests will be taken care of, and your loved ones will not have to face unnecessary stress and difficulty following your death.