Regardless of the size of an estate, it is important to have properly drafted wills and trusts to carry out your final wishes and minimize tax liability. If a person dies without a will, administration of the estate is governed by Indiana's intestate succession laws, which are not necessarily intended to minimize tax liability or distribute the estate as you would have wished.
An experienced attorney can advise you with respect to important considerations such as:
In addition to a Will, an estate plan should also include:
Probate is the statutory legal process by which an Estate is administered following death and can be supervised or unsupervised by the Court.
The attorneys at Koch McAuley & Bailey P.C. are experienced in Estate Planning and Probate. If you do not currently have an estate plan, need to update an existing estate plan, or need to administer an estate in probate, we are ready to put our experience to work for you.