Estate Planning Attorneys in Schererville, IN
Schererville Indiana Estate Planning Attorneys: Planning for Your Future Today
Many people don’t realize that estate planning is designed to help families preserve their assets for both the immediate future and the future to come. At O’Drobinak & Nowaczyk, P.C., Our goal is to provide Estate Planning and Medicaid Planning services to residents throughout Lake and Porter Counties, from Cedar Lake, Dyer, and Highland to Munster and St. John and Whiting. We provide the best estate planning advice to residents throughout Northwest Indiana.
Our skilled and experienced attorneys and staff offer a wide range of services that pertain to an estate plan, including Wills, Living Trusts, Powers of Attorney, Elder Law, Health Care Directives, and Nursing Home Planning. In addition to these fundamental services, our estate planning lawyers have extensive knowledge and experience in all aspects of post-mortem planning, which include probate and trust administration.
We at O’Drobinak & Nowaczyk, P.C., your Schererville Indiana estate planning attorneys, understand that the death of a loved one can be a very emotionally trying time that can cause significant grief and stress. It’s through this understanding that we strive to minimize your Trustee’s responsibilities during the trust administration process. When you meet with our professional and compassionate estate planning attorneys, you will be provided helpful legal advice to give you a better understanding of your role and responsibilities as a Trustee.
Since probate can be both a costly and exhausting process, it’s important to approach it in the most well-prepared and professional manner possible. Probate is a requirement for deceased individuals with a Will in place who die with assets in their name alone, as well as for those who have passed on without ever establishing an estate plan and who owned assets in their name only at their death. The latter is usually a bit more complex than the former. The basic purpose of probate is to legally distribute assets according to the contents of the Will, or determine proper estate distribution if the deceased died without a Will. We at O’Drobinak & Nowaczyk, P.C., can help guide you through this process by providing necessary legal information to ensure appropriate distribution of the estate.
The difference between a Will and a Living Trust may not be clearly evident for those who are inexperienced in estate planning. A Will legally establishes your wishes for estate distribution, while also appointing guardians in cases where minor children are involved. Since a Will is a public document, it will have to go through probate before the estate can be distributed. A Living Trust, on the other hand, is a private document that requires only trust administration. However, Trusts do not have the ability to establish guardians for minors. We, at O’Drobinak & Nowaczyk, P.C., can help you determine which document is best-suited for your needs.
In addition to preparing for the financial aspects of your future care, your estate plan also gives you the opportunity to establish preferences for your own future care as well– in the event that you are unable to make these decisions. We can ensure that your wishes are written in the estate plan in the most unequivocal manner possible to prevent misinterpretation. In addition to Health Care Directives, your estate plan can also appoint a loved one as your Power of Attorney. This power gives a loved one the ability to make decisions for your future care in more complex medical circumstances.