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Making a Last Will and Testament in Indiana
An Indiana Last Will and Testament (a "Will") is a legal document that lays out your wishes in relation to property distribution after death, including who will inherit your money, your home, or your personal belongings.
The person making a Will is called the "testator," while the individual or organization being appointed to manage the testator's estate after death is known as the "executor." Suited for Indiana residents, this free Last Will and Testament can be used in Marion County, Lake County, Allen County, and in every other part of the state. Any Indiana Will from Rocket Lawyer can be completely personalized for your particular circumstances. Creating this legal document provides proof of your preferences.
It's simple and easy to record your preferences with a free Indiana Last Will and Testament template from Rocket Lawyer:
This solution is, in most cases, notably more affordable than working with your average law firm. If necessary, you can prepare a Last Will and Testament on behalf of your spouse, an elderly parent, or another relative, and then have them sign it after you've drafted it. Please note that for a Will to be valid, the testator must be mentally competent at the time of signing. In the event that the testator is already unable to make their own decisions, a conservatorship may be necessary. When facing such a situation, it is important for you to talk to a lawyer.
Anyone who is over 18 years old ought to have a Last Will and Testament. Though it can be tough to acknowledge, your loved ones will want to know your preferences for guardianship (when applicable), your property, and/or assets if you pass away. Common occasions in which it would be useful to make or update your Will include:
Regardless of whether this Indiana Last Will and Testament is being prepared as part of a forward-looking plan or produced in response to a change in your life, witnesses and notarization will often help to protect your document if its legitimacy is challenged.
Writing a Will is generally simple to do, but you or your executor(s) could still have legal questions. Depending on whom you reach out to, some attorneys will not even agree to review a document if they didn't draft it. An easier approach might be via the On Call network. By signing up for a Premium membership, you can ask for feedback from an attorney with relevant experience or send other legal questions related to your Will. Rocket Lawyer is here to support you.
The cost of hiring your average law firm to draft a Last Will and Testament can total anywhere from $200 to $1,000, depending on where you are located. Unlike the other sites that you might stumble upon, Rocket Lawyer offers much more than a Last Will and Testament template. If you ever need assistance from a lawyer, your Rocket Lawyer membership offers up to 40% in savings when you hire an attorney.
Alongside your Indiana Last Will, there will be a list of proposed steps to take to finalize your document. You are encouraged to interact with the document in one or all of the following ways: making edits, printing it, and signing it. Be sure to store the signed original in a secure location. It is important that at least one person knows where it can be found after your passing.
The specific rules and restrictions are different in each state; however, in Indiana, your document requires the signatures of two witnesses. As a general standard, your witnesses will need to be competent people. Witnesses cannot also be beneficiaries of the Will. Furthermore, it is recommended that you have your Will acknowledged by a notary public to help reinforce its authenticity.
Legal references for a Will in Indiana: IC 29-1-5-2
A Last Will does not have to be filed with the county until the testator passes away. Filing the Will (in addition to any other forms required by the county) initiates probate.