O’Drobinak & Nowaczyk, P.C. provides comprehensive estate planning help to those in Schererville, Indiana who want a secure future and a strong legacy. Estate planning is something which people of all ages should consider, and getting the right professional help can be the key to making a comprehensive estate plan that provides you and your family the protection you need and deserve.
Estate planning is about much more than just making a will, and it is not something that can wait until you are a senior. Whether you are single, starting a family, or reaching your golden years, you should have a plan in place addressing the issues that matter at your phase of life. O’Drobinak & Nowaczyk, P.C. can help. Give us a call at 219-865-2285 to speak with a member of our legal team about your personalized estate plan and to find out answers to important questions including:
- Why is estate planning important?
- What is involved in estate planning?
- How can a Schererville, Indiana estate planning lawyer help you?
Why Is Estate Planning Important?
Estate planning is important because you don’t want your legacy undermined by bad luck or determined by default rules.
Estate planning involves making plans to build wealth and to keep your assets safe and secure so you can provide for yourself and provide for loved ones and charities you support. Estate planning also involves addressing end-of-life issues and making incapacity plans in advance so you, your family, and your assets will be protected if something happens to you.
If you do not have an estate plan in place, default Indiana rules will apply to determine what happens to your property if something happens to you. Estate litigation may arise, the value of your estate could be reduced, and your money and property could be distributed in a very different way than you would have preferred.
A failure to make advanced plans also puts your assets at risk in case you need to go into a nursing home; leaves the guardianship of minor children uncertain; can result in you not getting medical care according to your desires at the end of your life; and can lead to your family facing a difficult time getting control of your assets and getting decision-making authority in the event of incapacity.
You do not want to leave your future and your family’s future up to chance. You never know when something could happen or how long you have left to make your plans, so you should make certain you have an updated estate plan in place now to express your preferences.
What Is Involved In Estate Planning?
The estate planning process can vary significantly depending upon your family situation, your wealth status, your life goals, and your plans for the future. However, there are some legal tools which are commonly used as part of estate plans in Indiana. Some of the most common steps in estate planning include:
- Creation of a last will and testament
- Creation of trusts
- Starting a charitable foundation or creating a charitable remainder trust
- Naming a guardian for minor children
- Providing for disabled children or relatives while ensuring they do not lose benefits
- Protecting assets in case of nursing home fees, irresponsible heirs, and estate taxes
- Making an incapacity plan, including advanced directives for medical care to make your preferences known on the use of extraordinary measures in serious medical situations
These are just a few of the different steps of estate planning. When you work with an estate planning attorney, your lawyer will sit down with you to discuss your family and financial situation, as well as your goals for the future. Your attorney will help you to decide on the best approaches to take for asset protection, retirement planning, legacy planning, incapacity planning, and more. O’Drobinak & Nowaczyk, P.C. will tailor the specifics of your estate plans to meet your needs and provide the protection and your loved ones deserve.
How Can A Schererville, Indiana Estate Planning Lawyer Help You?
O’Drobinak & Nowaczyk, P.C. understands the estate planning process and has helped many people in all phases of their lives to make a comprehensive estate plan. We also provide assistance with keeping your estate plan up-to-date to respond to new life situations like starting a business, acquiring new assets, or adding a new member to your family.
When you need an experienced attorney who can make estate planning easy, give us a call at 219-865-2285 or contact us online to speak with a member of our legal team.