The Principal should inform the Financial Agent beforehand on how they wish their finances to be managed. The Financial Agent is authorized by an individual (the Principal) to represent them in making financial decisions in the event that they become unable to make decisions on their own. By following this step by step guide, individuals can compile and complete the necessary forms. It is strongly recommended that residents engage the services of a professional attorney when executing these legal instruments. Planning for end-of-life medical treatment and the distribution of an individual’s estate can be very stressful and difficult to approach. Indiana residents can follow the instructions provided below to ensure that they have prepared all of the legal instruments necessary to plan how they wish their affairs to be handled in the event of an emergency or their death. ![]() How to Create an Estate Plan in Indiana (6 steps) To prepare for medical emergencies, possible mental incapacity, or other extenuating circumstance individuals should appoint a health care agent and financial agent by completing the Appointment of Health Care Representative and Power of Attorney and Durable Power of Attorney forms. A Last Will and Testament and/or Revocable Living Trust are essential to ensuring that an individual’s personal property and assets are distributed according to their wishes. An Indiana estate planning checklist is a document that can be referred to by residents when organizing their plans for end-of-life medical treatment, management of their finances, and administration of their estate when they die.
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