Frequently Asked Questions About Estate Planning
At Mann Law, P.C., in Indianapolis, we help individuals and families in Marion County and throughout the donut counties in Indiana understand their estate planning options.
Estate Planning FAQ
Your estate plan can include a variety of legal documents. You need to know the documents you can include, what they are and how they can benefit you and your family. Listed below are frequently asked questions about estate planning that can help you get started with the estate planning process.
Do I need a will? Yes. Every person benefits from having a will, especially if you own property or have children. Wills are not just for wealthy families. They will document how your estate will be distributed upon your death and who will care for your minor children.
What happens if I die without a will? Your property will be distributed according to Indiana law if you die without a valid will.
What is a living will? A living will is a legal document that states your wish to not use extraordinary life support or medical procedures if you are terminally ill. This document is effective only if you are mentally incapacitated.
What is an advance directive? This document states what type of health care treatment you want if you become incapacitated. You can also name someone to make health care decisions on your behalf.
What is probate? Probate is a legal process that recognizes a will and appoints a personal representative or executor to administer the estate and distribute assets in the estate to beneficiaries.
Do I need an attorney? Yes. Trying to create your estate plan on your own can lead to serious mistakes that can negatively impact your future and your legacy. A lawyer can ensure that all factors are considered and that your estate plan is up to date and drafted according to state laws. Do not try to plan your own estate using online documents.
Discuss Your Specific Questions With Us
Our law firm works as a team to help you and your family understand all of your options when it comes to your estate plan. Individual attention and advice tailored to your situation are necessary when your family and your legacy are involved.