What is estate planning?

An estate plan is more than just a will—it’s a comprehensive plan to protect your
assets, your wishes, and your loved ones. Having a well-prepared estate plan ensures peace of mind for you and your family, no matter what the future holds.

What might be included in your Estate Plan?

• A will or trust: Provides direction and control over how your assets are to be distributed.
• Power of Attorney: Appoints someone to handle financial & legal matters if you’re unable.
• Healthcare Directives: Outlines your medical wishes and appoints a healthcare representative.
• Planning and developing strategies for various situations
  that may include:
  • Tax Considerations (estate, gift, income, etc)
  • Charitable Planning
  • Farm or Business Succession Planning
  • Blended Family Planning
  • Protecting Minor Beneficiaries
  • Planning for a Disabled Beneficiary

What happens without an estate plan?

• It may require court intervention to take care of your legal and financial needs during your lifetime.
• If you pass away without an estate plan in Indiana, the state decides how your assets are distributed through intestate succession laws.
• Without an estate plan, you lose control over:
  • Who inherits your assets
  • Who manages your affairs
  • Who cares for minor children

To avoid these issues, create an estate plan to protect your loved ones and your wishes.