Indianapolis living trust attorneys can help you to create a living trust, choose a backup trustee, and fund your trust so it can provide benefits for you and protections to your loved ones. Creating a living trust has many significant advantages and there are many reasons why you may decide that making this type of trust is right for you. However, misunderstandings of what this trust can do are very common, so you want to make sure you understand the limitations and the alternatives before you … [Read more...]
Five Reasons to Create a Living Trust
Indianapolis living trust attorneys can assist you with the creation of a living trust to protect your family and your assets. A living trust is a very powerful tool that you can use for many different purposes to keep your money and property safe during your life and even after you pass away. It can help you to provide for your family and avoid financial loss- so you should make certain that you get the right legal help to create a living trust if this type of tool is right for you. Frank … [Read more...]
How to Get Started Setting up a Trust
Indianapolis trust lawyers can help you to set up a trust. Trusts are powerful legal tools that you can use to protect your family and assets during your lifetime and after you have passed on. However, many people make mistakes when it comes to creating a trust and they end up not making the right type of trust or not following the formalities necessary for a trust document to be valid. You need to ensure that you make the right kind of trust and that you fulfill all of the requirements to … [Read more...]
Who Oversees the Trust Administration Process?
An Indianapolis trust administration lawyer can provide you with legal representation if you are creating a trust, if you are a trust beneficiary, or if you are involved in any way with the trust administration process. The trust administration process occurs after a trust creator – called a settlor – passes away. It is an alternative process to probate, and it facilitates the transfer of trust assets to the heirs or beneficiaries who will take ownership. Frank & Kraft has represented … [Read more...]
How Living Trust Attorneys Help You Pick a Trustee
Living trust attorneys at Frank & Kraft can provide help with all of the steps involved in creating a trust. There are many decisions that have to be made during the trust creation process. You'll need to select the right kind of trust, decide what assets you want to transfer into the trust and make certain to follow all legal requirements for the creation of your trust document. You will also need to ensure that you select the right person to serve as trustee and that you designate … [Read more...]
How Indianapolis Living Trust Lawyers Help You Prepare in Case of Incapacity
Indianapolis living trust lawyers provide help in planning ahead in case of incapacity. Illness or an accident could leave you incapacitated and unable to manage your own affairs. When this happens, it is helpful to have a plan in place to ensure that someone you trust will immediately begin to take control over your money and property. Frank & Kraft can work with you to identify the right tools to use to plan ahead for incapacity. While advanced directives and a power of attorney can be … [Read more...]
Pros and Cons of Creating a Living Trust
Indianapolis living trust attorneys can provide comprehensive help with the process of creating a trust. Trusts are used for different purposes and it is important to chose the right type of trust that will accomplish the goals that you have. Frank & Kraft will discuss the reasons you're trying to create a trust and what you hope to accomplish with trust creation and will advise you on what trust type is best to meet your needs. One popular type of trust is called a living trust, or a … [Read more...]
Benefits of a Living Trust
It goes without saying that you should create a written legal document that describes how you want your assets to be distributed upon your death. While this sounds easy enough, you have more than one option.In the past, most people opted for a will. While this is still an idea to consider, you don’t want to overlook the many benefits associated with a living trust. This could be the right choice for you and your loved ones, however, you’ll never know if this is the case until you take a … [Read more...]
Reasons to Create a Revocable Trust
Simply put, a revocable trust is used to ensure that your assets are properly distributed at the time of your death.While there are other options to consider, such as a will, there are reasons why more people than ever are creating a revocable trust.As the name suggests, a revocable trust can be altered or canceled at any time. As the person creating the trust, you have the opportunity to make as many changes as you want in the future. This is one of the key advantages as compared to an … [Read more...]
Making the Most of Your Revocable Living Trust
Trusts can be one of the best ways to distribute your assets after death, as millions of Americans have discovered over the last several decades. Sure, the Last Will and Testament remains a popular choice for those with relatively simple estates, but even many of those individuals could benefit from the advantages that only a trust can provide. As for those with more complex estates, the trust is something that the almost cannot do without. Of course, it’s not enough to just create a trust to … [Read more...]
