Estate planning can be a complex process. Many people avoid it because they don’t want to contemplate the circumstances. However, the purpose of an estate plan is to protect your family. Your family’s future is vital for your loved ones and heirs to have a smooth experience if you become incapacitated or die. Estate planning will ease closing out your estate at one of the more difficult times in their lives.
No one likes to think about what would happen if they sustained a life-threatening injury or illness but taking steps now to make your wishes clear will be a gift to your family should such an event occur. Indiana has legal documents known as advance directives that can take all the guesswork out of the medical decision on your behalf if you cannot communicate.
In this article we answer questions regarding trusts in Indiana such as: What is the purpose of a trust?, What are the advantages of a trust?, What are the disadvantages of a trust?, Why would someone create a trust?, How do you start a trust?, Do you need an attorney to start a trust?, What is the best type of trust to have?, and What if I obtain assets after I create my trust?
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