Anderson Estate Planning Lawyer Helping Clients Plan For Their Future
No one wants to think about death and what will happen after they’re gone, which is why so many people avoid estate planning. Even though it’s an uncomfortable topic to discuss, it’s important to start estate planning as early as possible.
Don’t delay any longer—let the experienced estate planning lawyers at Beeman Heifner Benge P.A. guide you through the process of preparing for your future. Call our law firm at 317-793-2015 or submit your information using the form on this website to schedule a consultation regarding your case.
What Are the Benefits of Estate Planning?
Many people assume that estate planning is only for the wealthy, but that’s not the case. In fact, everyone can benefit from estate planning, regardless of their net worth.
Estate planning gives you control over what will happen to your assets after you’re gone. You can decide how your assets—no matter how small—are distributed after your death. Without an estate plan, family members could spend months or even years fighting over your assets in court. Ultimately, the court will get to decide how your assets are divided if you fail to prepare with an estate plan. Save your family members from the unnecessary stress, conflict, and costs of going to court by preparing an estate plan.
Estate planning is also beneficial to parents with young children. An estate plan can outline who should care for your children in the event that you pass away while they are still under the age of 18. Without this plan, the court will get to appoint a guardian for your children.
Your loved ones will have to pay taxes on the assets they are awarded after your death. It may not be possible to eliminate this tax burden, but the right estate plan can reduce the amount of taxes that your loved ones will have to pay. This could prevent your loved ones from having to liquidate some of your assets in order to pay taxes.
Estate planning can also offer protection in the event you are incapacitated and unable to make decisions for yourself. In your estate plan, you can decide who you want to make medical and financial decisions for you if you are unable to make these decisions on your own. This way, you can have complete control over how you are cared for if you are ever incapacitated.
These are some of the many benefits of planning your estate with the help of an attorney.
What Documents Are Needed For Estate Planning?
A lot of people think that writing a will is the same as estate planning, but that’s true. A will is an important part of an estate plan, but having a will is not the same as having an estate plan. There is far more to estate planning than simply writing a will. An estate plan may include a number of different elements, including:
- Last Will and Testament
- Revocable Living Trust
- Advance Medical Directive
- Beneficiary Designations
- Financial Power of Attorney
- Appointed Guardian
- Letter of Intent
Every estate plan is unique, so the documents needed to create an estate plan will vary from person-to-person. It’s best to let an attorney review your financial situation to determine the documents you will need to complete your estate plan.
How Much Does Estate Planning Cost in Anderson?
The cost of estate planning can vary on a case-by-case basis. A number of factors can affect the cost of estate planning, including the complexity of the estate, the documents needed to complete the estate plan, and the attorney’s experience.
If you’re concerned about the cost, it’s important to discuss this with your attorney during the initial case evaluation. Your attorney can provide you with an overview of the fees associated with estate planning so you know what to expect. Having this conversation during the initial consultation will ensure you are comfortable with an attorney’s fees prior to hiring them.
Schedule A Consultation With Our Estate Planning Attorneys in Anderson
If you are interested in establishing an estate plan, contact the experienced estate planning lawyers at Beeman Heifner Benge P.A. as soon as possible. Our attorneys will work closely with you to develop an estate plan that meets your needs and addresses your concerns. Learn more about how we can help with your estate planning needs by scheduling an initial case evaluation with our team. To schedule a free consultation, call 317-793-2015 or submit your information using the form on this website.