Valparaiso Will and Trust Attorneys

Valparaiso Will and Trust Attorneys

Assisting Individuals in and around Valparaiso, Indiana, with Thorough and Goal-Oriented Estate Planning

Death and dying are uncomfortable topics that many people try to avoid talking about at all costs. However, by being open to discussing the future with a skilled estate planning attorney, people are better able to prepare for the inevitable.

The truth is that it is never too early to begin the estate planning process. The primary purpose of estate planning is to decide how your personal and real property will be distributed when you are no longer around. If you do not have an estate plan in place at the time of your death, you will not have any control over what happens to your assets upon your passing. Specifically, you will not be able to designate your heirs, the monetary amounts that your heirs will be entitled to receive, or who will be in charge of administering your estate. 

Fortunately, the experienced Valparaiso Will and Trust Attorneys at the Law Office of Paul A. Rossi, LLC, can assist you with all aspects of the estate planning process. Contact us today so that we can get started helping you plan to protect your family and your estate.

Detriments for not having an Estate Plan in Place

When it comes to estate planning, the earlier you begin, the better off you usually are in the long run. Failing to plan properly can have several drawbacks that can include the following:

• Excessive taxes could be imposed under certain circumstances
• The state could act as the decision-maker if you pass away or if you become incapacitated and are unable to care for yourself
• Your wishes for various assets, including real property, personal property, or assets, could go unfulfilled
• Legal battles could ensue between family members – especially in cases involving a blended family or significant wealth
• The death of a business owner could have an impact on continuing operations, revenue, and continuity

Benefits of Proper and Timely Estate Planning

On the other hand, proper and timely estate planning can have numerous benefits. Those potential benefits include the following:

• Decreasing the tax burden of various assets 
• Providing individuals with the power to determine which family members receive which assets upon their death
• Determining who receives guardianship of minor children in the event of a parent’s untimely death
• Preventing a costly and lengthy probate process from ensuing
• Helping to protect assets from the hands of unanticipated creditors 
• Helping individuals organize all of their important records, including all insurance policies, financial records, and property records, including titles and deeds to real property assets
• Planning for long-term care or incapacitation

Talk to a Valparaiso Estate Planning Lawyer about Your Legal Issues Today

Proper estate planning is extremely important and can save both you and your loved ones headaches, time, and money down the road. The compassionate and experienced estate planning attorneys at the Law Office of Paul A. Rossi, LLC, can meet with you and your loved ones to help you develop an organized and well-crafted estate plan that benefits everyone involved. 

To schedule a consultation or case evaluation with a Valparaiso estate planning lawyer, contact us today.