WE ARE ESTATE PLANNING
Our Indianapolis Estate Planning Firm Works With The Most Simple To The Extremely Complicated Case.
There is no better time to plan for your estate than the present. We will uncover the foundations of estate management below.
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GET THE INFORMATION YOU NEED TO MAKE THE MOST PRUDENT AND FINANCIAL DECISIONS IN YOUR JOURNEY.
HOW OUR FIRM CAN ASSIST YOU
Your Estate Is Vitally Important.
Tragedy is unfortunately a part of life and when unforeseen issues come up, you need attorneys that are highly skilled and experienced in this area of law. Our Indiana estate planning professions know how to create lasting legacies through strategic programs that cater to any type of holdings you and your family might have. You deserve to have your concerns be heard as we work to your businesses and how the connect to how you can pass on to your heirs what you worked so hard for. We will review how best to protect your assets and plan ahead to keep both private parties and the government out of your personal affairs and wallet.
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HOW OUR FIRM CAN ASSIST YOU
JEFF JINKS LAW ESTATE PLANNING AREAS
Everyone can participate in any way, shape or form when it comes to planning for your retirement and thinking about how you will be remembered. Seeing that you will most likely be thinking about the legacy you wish to leave, we as a law firm in Indiana can take into account what exactly you’re trying to accomplish.
COMMON QUESTIONS ABOUT
Whether you realize it or not, everyone already has an estate but usually hasn’t made plans for it in detail. The below questions and answers serve as a starting point to guage where you are in your own estate and how best we can start discussing your goals.
Absolutely. As we plan for ourselves or look to guide our parents in their old age, we know it isn’t just for retirees as we can’t know for certain how our health will treat us. You can start at any age.
In the event you don’t have a
No as mentioned by the Indiana Department of Revenue, for all those who died after December 31, 2012. If the individual died before that time, there are laws that manage such inheritance taxes and refunds.
ESTATE PLANNING AND THE TOPICS SURROUNDING IT.
Where Do You Start?
There’s much at stake when it comes to one’s estate and how they managed their affairs when they were alive dramatically affects how the surviving spouse and decedent’s children can control their assets.
We will go over both the types of administration you will deal with when working with the state to finalize your estate as well as tools such as wills and trusts to enable you to execute before an individual’s death happens to have proper estate planning in place.
As estate planning is such as broad topics, we have broken down the sub displaces under estate planning above and we encourage to you explore how those areas as we will cover them in depth.
Lastly, the Frequently Asked Questions will break the ice on the subject if you aren’t familiar with the information we’ve provided or need a specific question answered before our consultation.
TYPES OF ESTATE ADMINSTRATION
- SUPERVISED: A personal representative (one that will execute the wishes of an estate) will be appointed, and all real and personal property can’t be distributed or sold without a court’s approval. Ways this is useful is when there are disputes around a will, property and required for bankrupt estates.
- UNSUPERVISED: The cheaper type of administration, the heirs apart of the estate unanimously agree to decisions regarding real and personal property assets. One the more important aspects is that the estate is not bankrupt and no court supervision is required.
- MINIMAL: When the value of the estate is less than $50,000, the family involved can transfer assets without the use of an administration. There are time limits around when the court needs to see all property rights given to the rightful heirs via affidavit.
IT IS MANDATORY TO HAVE A STRUCTURED ESTATE PLAN.
We As Your Indianapolis Estate Planning Attorneys Know The Complexity.
Family Allowances. Probate Issues. Wills. Trusts. The list goes on. As the regulatory and legal environment is exceptionally fluid and dynamic, you want to determine how each of this subject matters interact with one another and how best to start compiling your plan.
START WITH THE ESSENTIALS:
A Will and Living Trust.
Both a Will and Living Trust have their strengths and weaknesses and really need to be drawn up based on your goals for the beneficaries, provide the peace of mind with the law inferefing with your wishes and give you the anomoyti that some individuals and families desire to shield themselves from prying eyes of 3rd parties.
QUICK BREAKDOWN OF WILLS AND LIVING TRUSTS
WILLS: You are laying the foundations for instructions to your heirs on what you would like to be done when you’re deceased. The issues surrounding your wishes will go into probate in some cases and be subject to court costs and legal fees.
TRUSTS: Trusts are the founding building blocks to sold estate planning as they allow for flexibility while you’re still alive. While creating a plan that brings your assets and resources under one roof, you gain the control without court inference.
HOW WE APPROACH ESTATE PLANNING IN INDIANA
CREATING AN ESTATE TAKES RESOURCES, TIME AND THE RIGHT PARTNERS TO EXECUTE.
How we start isn’t a question of complexity or costs but how best to serve you and your family. We also want to know that other interested parties such as financial advisors, insurance agents and outside consultants are welcomed to create a line of communication with us to make sure all our interests are met to make sure you are prepared now as well in the future.
Contact Our Indianapolis Estate Planning Attorneys Today!
To schedule your no-obligation case evaluation, please contact an Indianapolis estate planning attorney from our firm today!
LET'S TALK ESTATE PLANNING TODAY!
You Built Your Life The Way You Wanted. Now Create Your Legacy.
JEFF JINKS FIRM NEWS
and Elder Law News
REAL ESTATE Cities Using Zoning To Avoid Eminent Domain Requirements. Written By Jeff Jinks In a recent Wall Street Journal article it was reported that several cities are using their local zoning laws to avoid the requirement of paying private property owners when their property is taken. Recall that the Fifth Amendment to the US
REAL ESTATE “LESS UNTIL PROVEN MORE” Written By Jeff Jinks An Indiana statute explains that if there is over a 5% increase in assessment on a property from the previous year, it is the assessor’s responsibility to provide proof for this increase. The Indiana Board of Tax Review threw this statute into play recently when
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