Will Lawyer in Indianapolis, IN
Most people do not truly understand just how important it is for them to have a will and to understand what power of attorney is and why they might need it. In fact, polls have shown that less than half of the people in the United States do not have a will, and this is going to cause problems for them and their family members down the road.
Why Do You Need a Will?
The will is going to determine exactly what happens with your estate and belongings after you have passed away. It is a legally binding documents that will provide you with control over what happens to the estate, and it will make the management of the assets as simple and as clear as possible. If you do not have a will in place at the time of your death, it means that your final wishes might not be carried out.
The will is going to determine who will inherit the property that you own, as well as who will get your investments and how your finances are disseminated. If you want to provide any money to charity after you pass, this is also going to be included in the will.
If you have children who are minors, or who otherwise need to have care, this will be added to the will, as well. This can ensure that you have your children raised by the people that you want to raise your children rather than leaving that decision in the hands of the state.
Change the Will as Needed
It is important for adults to have a will, but the document that you come up with when you are in your 20s is going to be far different from what you are going to need when you are in your 30s, 50s, and 80s. Therefore, you should make it a point to revisit your will regularly and make changes to it as needed. This way, you can be sure that your estate is always taken care of from a legal perspective in the event of your death.
Does the Will Cover Everything?
While the will does cover most of your finances, it will not cover everything. For example, if you have an IRA or a 401(k), the money is not going to be parceled out through your will. Instead, you would need to name the beneficiary in the documentation of your investment.
The same is true of your life insurance. If you want to have someone receive money from those resources, you will need to be sure they are named in the proper paperwork.
Creating the Will
If you want to create a will, you might be tempted to choose one of the online software products that promises to make it fast and easy to create your own will. While these might seem like a good and low-cost option, they are not always a great solution because they might not give you the options that you need, and they might not be fully complete or a binding legal document if you are not careful.
Instead, it is best to work with a great attorney who works in this field and who can provide you with the help you need in drafting and filing your will to ensure that it is a legally binding document.
Work With the Best Will Attorney
Whether you need to have help drafting or changing your will, you must be sure you are choosing only the best attorneys to help with your estate planning. Get in touch with the Indianapolis will attorneys at the Law Offices of Eugene Mogilevsky, LLC. today. We have a wealth of experience and knowledge when it comes to providing our clients with estate law expertise. You can call us, email us, or click the button and set up a consultation.
You can call us at (317) 743-7958 or contact us online to set up a consultation with our Indianapolis will lawyers.
Why Choose Us for Your Will?
- Experienced Will Lawyers: Our team of experienced will lawyers in Indianapolis possesses extensive knowledge of Indiana's estate planning laws. We stay abreast of legal developments to provide you with the most current and effective advice.
- Tailored Estate Planning: We recognize that each individual's situation is unique. Our will lawyers take the time to understand your specific circumstances, enabling us to create a will that aligns with your wishes and addresses your concerns.
- Comprehensive Legal Guidance: EGM Legal offers comprehensive legal guidance, covering not only the drafting of your will but also addressing related matters such as powers of attorney, healthcare directives, and guardianship provisions.
- Probate Avoidance Strategies: Our goal is to streamline the probate process and minimize complexities for your loved ones. We employ strategic planning techniques to potentially avoid or reduce the impact of probate on your estate.
- Guardianship Designations: If you have minor children, we can help you designate guardians in your will to ensure their well-being and care in the event of unforeseen circumstances.
If you're considering creating or updating your will in Indianapolis, entrust your legal needs to Law Offices of Eugene Mogilevsky, LLC. Our experienced will lawyers are here to provide knowledgeable, compassionate, and personalized assistance. Secure the future for yourself and your loved ones by scheduling a consultation with Law Offices of Eugene Mogilevsky, LLC today. Your peace of mind is our priority.
Indiana Will FAQ
Do I Need a Will?
- While not mandatory, having a will is advisable in Indiana to ensure your assets are distributed according to your wishes after your death.
What Happens if I Die Without a Will in Indiana?
- Indiana's intestate succession laws determine how your assets will be distributed if you die without a will. This may not align with your preferences.
Can I Handwrite My Will (Holographic Will) in Indiana?
- Indiana does not recognize holographic wills. Wills must typically be in writing, signed by the testator, and witnessed by at least two competent individuals.
Who Can Witness a Will in Indiana?
- Witnesses to a will in Indiana must be at least 18 years old, competent, and not beneficiaries named in the will. Their role is to observe the testator signing the will.
How Can I Change My Will in Indiana?
- You can amend your will through a codicil or revoke it entirely and create a new one. It's crucial to follow proper legal procedures to ensure changes are valid.
Can I Disinherit Someone?
- Indiana law allows individuals to disinherit heirs, but it's essential to clearly state this intention in the will to avoid potential legal challenges.
What Assets Can I Include in My Will?
- Wills typically cover real estate, personal property, and financial assets. However, certain assets like life insurance with a designated beneficiary and joint tenancy property may not be governed by the will.
How Can I Appoint a Guardian for My Minor Children in My Will?
- In your will, you can designate a guardian for your minor children. The court will consider your choice when determining the best interests of the children.
Is a Will Valid if I Move to Indiana From Another State?
- A will executed in another state may be valid in Indiana if it complies with the laws of either state. However, updating your will upon moving is advisable to ensure it aligns with Indiana law.
How Often Should I Update My Will in Indiana?
- It's recommended to review and update your will regularly, especially after major life events such as marriage, divorce, the birth of children, or significant changes in financial circumstances.
Can I Make Funeral and Burial Arrangements in My Will?
- While you can express your preferences in your will, it's often advisable to communicate funeral and burial wishes separately to ensure timely arrangements.
How Can I Ensure My Will is Valid in Indiana?
- To ensure your will is valid, it's crucial to follow Indiana's legal requirements, including proper execution, witnessing, and compliance with state laws.
You can call us at (317) 743-7958 or contact us online to set up a consultation with our Indianapolis will lawyers.
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Our UnderstandingOne of the most important benefits of working with our experienced attorneys is our understanding of how many of the challenges we face in our daily lives are actually interrelated.
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We Help You Feel at EaseMost people do not feel all that comfortable speaking with an attorney. It’s natural to be nervous. We want to put you at your ease. To that end, we do everything possible to make your experience as positive as possible from the initial consultation onward.
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We Chose Our Portfolio of Services CarefullyOur goal is to ensure that you are able to achieve a positive outcome with us in virtually any situation, whether you need to create a living will, you want to avoid dying intestate, you need to set up a power of attorney, or you need help pursuing and achieving US citizenship.
Whether you have questions or you’re ready to get started, our legal team is ready to help. Complete our form below or call us at (317) 743-7958.