Estate Planning

Estate planning on your own can be complicated and costly. And the list is endless... federal taxes, gift taxes, state taxes, bureaucracy, probate courts, unfair appraisals, health care concerns, eligibility of heirs, life insurance, IRA's, 401K's, annuities, burial or cremation costs, and intent regarding death-postponing treatment to name a few. Not knowing your legal and financial rights often ends up costing you more in the end.

Thoughts of estate planning often bring more questions than answers: Could an heir be too young to inherit? Should the inheritance be given at a certain age? Is the intended beneficiary in a shaky marriage with divorce as a possibility? Are there children from a previous marriage? Should inheritance be protected from potential creditors of the heir? Are there taxes that can be avoided? Are you able to avoid the probate court rules, delays, and costs?

Planning what happens to your estate when you're gone can seem frustrating and intimidating without qualified help.

You may feel that you're too young to care about estate planning. Or, perhaps the thought of death makes you uncomfortable. You might be tempted to put the whole thing off, assuming that it will just take care of itself. In all cases, estate planning ends up saving your family lots of time, heartache and money.

The most important thing to remember about estate planning is that while minimizing taxes and fees are important, the most important and critical focus of estate planning is providing for your family and ensuring that they receive your estate in the manner you want - distribution decisions are the most important focus.  Then we can work on the details to accomplish your goals.

And we can help.

Every estate planning situation is different. In order to help you, we want to know you, your unique situation, and the nature of your relationships. We offer discussion, recommendations and useful research tools to make your planning simple, efficient, and worry-free. We guide throughout the process for further discussion regarding questions, change of circumstances, and alternatives. At every step, we'll be there with you and your legal advisors.

We help you...

  • Clearly define your estate planning goals
  • Organize and create your estate planning team
  • Evaluate and recommend estate planning options
  • Prepare, organize and review your estate planning documents including current wills, trusts, health care directives and powers of attorney
  • Decrease the problems and expenses associated with probate
  • Lessen taxes at time of death
  • Arrange for management of your estate in the event you are incapacitated
  • Draft a working plan for conserving and effectively managing your estate after death
  • Transfer the assets of your estate to heirs the way you want
  • Organize fair and adequate liquidation of estate to cover taxes and other expenses
  • Amend your plan as needed

We also help you with evaluating...

  • Living Wills and Trusts
  • Lifetime Family Wealth Transfers
  • Family partnerships and other business relationships
  • Including charity in your estate plan
  • Preparation for estate and trust tax

The thought processes and documents with estate planning can be daunting, but you don't need to do it alone. We will assist you through every step of the process.

If you'd like more information about our estate planning services please complete this form to setup a free consultation.

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Michael Associates, LLC

600 East 96th Street, Suite 135 ,
Indianapolis, IN 46240
T: (317) 574-2124
F: (317) 816-2220
E: lmichael@macpallc.com

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