The state of Indiana and our federal government has rules for how property ownership passes at death and how it is to be taxed. Therefore attorneys, accountants, financial advisors and insurance professionals are often involved. The time it takes to settle and its costs will be determined by how well the person planned beforehand.
One approach is to do nothing, thereby leaving a mess for family members to clean-up as well as their paid advisors. Another approach is to have everything accounted for and titled properly, with correct beneficiary designations. Along with clear instructions for what is to be done, who is going to do it, and how it will be paid for. It also leaves property in the most advantageous way for the persons receiving it.
Yes, this may sound like a lot of work, but imagine what it would be like for your loved ones to do it all in your absence. A big part of planning is the thought that goes into how things are left after you are gone. Your inheritance can be more than a mere transfer of wealth. It can be a gift that strengthens relationships. A true legacy, which something meaningful that lasts long after you are gone.