How many seniors in Evansville and the state as a whole are participating in estate planning?
All older adults can benefit from estate planning, but many seniors haven’t yet made their wishes known. Many plan to get around to it eventually, but cognitive decline and even death often happen before they do. The government statistics below reveal how many Indiana residents have filed some form of trust:
It’s easy to get stuck on whether filing a complex trust is better than a simple trust, but the truth is that they both have their uses depending on the particulars of your older adult’s estate. An Evansville estate planning attorney can help your older loved one make the right decision. The most important thing is that your senior makes their final wishes known before it’s too late.
What do seniors in Evansville name as the most important benefits of having one’s affairs in order?
While the most obvious benefit of preparing a will is giving seniors complete control over how their assets are distributed, that is not the only or even the most important one for many older adults. The Bank of America recently asked seniors what they valued most about having their affairs in order, and the results may shock you:
The logistics of planning a funeral and collecting on life insurance policies can be overwhelming, especially for families who are simultaneously struggling with grief. Furthermore, taking a beloved senior off of life support can be a heart wrenching decision that an advanced medical directive can prevent entirely. In short, an Evansville estate planning attorney can do much more than help your senior write a will.
How to choose the best estate planning attorney in Evansville
Locating the best estate planning lawyer in Evansville or a nearby area such as Owensboro, Kentucky, begins by thinking about what kinds of assets your older loved one has. Different types of assets have different regulations and taxes, and your senior will be best served by an expert in cryptocurrencies such as Bitcoin or real estate if they have them. The best attorney is also one that your older adult can afford, so it’s never too early to ask about price whether it’s an hourly rate or a set cost. An estate planning attorney in Evansville also needs outstanding communication skills, so interview several top candidates with your senior to ensure that they develop a personal rapport. Referrals can be a good way to get an idea of what type of service an attorney would provide as well.
Our comprehensive guide to choosing an estate planning attorney includes more actionable information to guide your search, so don’t hesitate to consult it throughout the research process.
Estate planning solutions for Evansville seniors
Preparing a will can be intellectually draining and emotional for everyone involved but doing so is the only way to keep your elder loved one’s estate out of the local court system. An Evansville estate planning attorney can make it a little easier to get started while providing expert guidance, and Seasons provides local listings to help you connect with a suitable one. Let us help you secure your older adult’s legacy today.