A carefully thought out and properly drafted estate plan can accomplish many goals. It can also give you peace of mind knowing that your loved ones will be financially secure if anything happens to you. Sometimes, however, simply handing a beneficiary money or other assets is not a wise idea, especially if that beneficiary has a history or reckless spending. The good news is that your estate plan can address this common problem. To better explain, the Indianapolis attorneys at Frank & Kraft … [Read more...] about The Spendthrift Beneficiary: Protecting Assets from Reckless Spending
While it is always important to focus on how your estate assets will be passed down to loved ones, it is equally important to incorporate tools and strategies in your estate plan that help to protect those assets while you are alive. Asset protection planning should be included in your estate plan throughout your lifetime; however, when you reach your retirement years, you may need to review and revise some of your asset protection planning tools and strategies. To help you better … [Read more...] about Asset Protection Planning for Seniors
Acquiring assets is undoubtedly part of your overall estate plan; however, simply amassing assets without taking steps to protect those assets can cause the most well-drafted estate plan to fail. One way to protect assets is through the creation of an asset protection trust. With that in mind, the Indianapolis asset protection planning attorneys at Frank & Kraft explain asset protection trusts. Common Types of Asset Protection Trusts Domestic Asset Protection Trusts. As the name … [Read more...] about Asset Protection Trusts – What You Need to Know
A well-thought-out estate plan will help protect and grow your assets over the course of your lifetime to ensure that there are sufficient assets left at the end of your life to pass down to loved ones. For that reason, asset protection planning tools and strategies should be included in your estate plan. Some of the threats to your assets are well known; however, others are less obvious. An Indianapolis asset protection planning attorney at Frank & Kraft explains how your in-laws … [Read more...] about How Can My “In-Laws” Threaten My Assets?
When most people think about the need for an estate plan, they focus on the desire to control how their estate assets are handled after they are gone. While this certainly remains an important aspect of estate planning, a comprehensive estate plan should also protect those assets while you are alive so there are assets left to pass down when you are gone. Toward that end, it is imperative to recognize, and plan for, the various potential threats to your assets within your estate plan. For … [Read more...] about How Might Estate Taxes Threaten Your Assets?
Your estate plan should work just as hard to protect your assets while you are here as it does to ensure they are distributed according to your wishes when you are gone. For your plan to protect your assets though, you must first identify the possible threats to those assets. Some of the ways in which your assets might be at risk are fairly obvious; however, there are also likely ways in which your assets are at risk that you have not thought of before now. To help you keep your assets safe, the … [Read more...] about 5 Hidden Threats to Your Assets
A Carmel asset protection planning lawyer at Frank & Kraft will work closely with you to develop a plan to keep your money and property safe and secure. It is very important that you work with an attorney to identify ways to protect the assets that you have worked so hard to acquire. You want your money and property to serve as your legacy and to support and provide for you and your family during the course of your life, so you need to work with an experienced attorney to ensure … [Read more...] about Why is Carmel Asset Protection Planning Important?
Small business owners need to ensure that they talk with asset protection lawyers about how they can keep their wealth safe. There are steps that should be taken both to protect personal assets during the course of the business owners life and to ensure that the company can pass seamlessly onto heirs or beneficiaries after the death, disability, or other departure of the business owner. Frank & Kraft can provide personalized advice on the asset protection … [Read more...] about Why Small Business Owners Need Help with Asset Protection
Asset protection planning can help you to keep your assets safe so you can pass your wealth down to the people you love or so you can enjoy financial security during your senior years. Making a plan to protect your wealth is not just something that only very rich people should do. In fact, if you're in the middle class and have managed to build up a nice nest egg that you want to serve as your legacy, it could be especially important for you to make an asset protection plan. If … [Read more...] about Signs You Need Asset Protection Planning
Indianapolis asset protection planning lawyers can help you to make plans to keep your wealth safe and secure. It's important for you to consider the biggest risks to your wealth and the potential threat that your assets could be lost either during the course of your lifetime or after your death. Often, you will need to take steps in advance to keep your wealth safe if you want to have financial security as you age and if you want to leave a legacy for the people who you love. Frank & … [Read more...] about 3 Situations When You Need to Talk with Indianapolis Asset Protection Planning Lawyers