Fishers Office - (317) 863-2030

Rockville Office - (765) 569-1060

Greenwood Office - (317) 863-2030

Becoming a Client of
Hunter Estate & Elder Law


Understanding the Three P’s of Estate Planning

#1 – People

Who are the Important People in your life? Beginning with yourself, they also likely include your loved ones: your spouse if you are married, children and grandchildren if you have any, perhaps your parents, siblings or other relatives. Beyond these, however, "Important People" also could include charities, special causes, colleges or universities, or churches to which you are committed. For some, "Important People" could even include pets. Spend some time thinking about the impact others have had on your life. Make a list and jot notes if you like. This is where the planning process truly begins.

#2 – Property

By Property we mean your assets in general. Make a list of the assets you own or control. At this point, you do not need to identify insurance policy numbers and exact dollar values. Rather think through your assets in terms of their nature (cash, stocks, bonds, real estate, etc.); their value in thousands of dollars; and your ownership interest: Do you own assets in your name only, in joint tenancy with someone else, or through a trust agreement or some other arrangement? Be sure to include often-overlooked assets like life insurance (the death benefit, not the cash value), business interests, and any inheritance you may expect to receive.

#3 – Plans

After identifying the Important People in your life and your Property, the next step is to consider the plans you would make for those people (including yourself) and that Property in the event of your own incapacity or death.

Who would you name to make decisions for you if you could no longer do so yourself? Would the same person handle your finances and your personal and health care decisions? Who would care for your minor children? How would you distribute your assets to your heirs? Would you prefer to spare your heirs the potential cost and hassles of the probate process? Would you like to minimize the impact of estate taxes ... or maximize the impact of a charitable bequest? Is there someone in your family with special needs for whom you would like to provide? Is there someone who perhaps should not receive a great deal of (or any) money without some outside oversight?

These are just a few of the issues to consider when approaching the planning process. They are much more important than the "treasure hunt" for legal documents at this stage.

When You Are Ready

To learn what plan is best for you, we recommend attending one of our free educational workshops. There is no obligation after the workshop, however, attending a workshop does grant you a complimentary consultation with an attorney. To find out when the next workshop date is and/or to register, please see our Workshop Registration page.

If you are unable to attend an upcoming workshop, please call and we will get an appointment scheduled for you.

Hunter Estate & Elder Law

Fishers Office

Hunter Estate & Elder Law

(317) 863-2030

10412 Allisonville Rd., Suite 113
Fishers, IN 46038

admin@hunterlawoffice.net

Rockville Office

Hunter Estate & Elder Law

(765) 569-1060

303 N. Lincoln Rd.
Rockville, IN 47872

admin@hunterlawoffice.net


LawPay

Greenwood Office

Hunter Estate & Elder Law

(317) 863-2030

170 Airport Parkway, Suite B
Greenwood, IN 46143

admin@hunterlawoffice.net

Have Questions?

If you have a question, a comment, or simply want to have a conversation and explore how we can help, we'd love to hear from you.

    * required information