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...]
What is a Revocable Trust and How Can It Benefit Your Estate Plan?
When it comes to estate planning, there seems to be three groups of people. The first group includes all those people who have no estate plan in place. Unfortunately, they represent a majority of American adults right now. The second group includes those whose estate plan is focused on a simple will and perhaps a power of attorney or advance directive for health care. The third group – and by far the smallest – consists of those Americans who have an estate plan that includes some type of living … [Read more...]
Three Unbeatable Advantages of Revocable Trusts
So, you’re finally ready to get serious about your estate planning, and one of your close friends suggests that you look into getting a living trust. The problem is that you haven’t really heard all that much about what a trust can accomplish for someone in your situation, so the idea seems a little odd. After all, aren’t trusts just for wealthy people? How could you possibly benefit from some complex legal arrangement? As it turns out, trusts have come a long way since those days when they were … [Read more...]
Make the Most of Your Estate Planning with an Indianapolis Trust Attorney
Do you have an estate plan already in place, or are you one of the roughly fifty-five percent of American adults who have never even gotten around to creating a basic Last Will and Testament? For many of us, that’s an uncomfortable question to consider, since conversations about things like wills, trust, estates, and inheritances just remind us of our own mortality. The fact is, though, that these are issues that we all eventually need to address – because if there is any one thing in life that … [Read more...]
How Living Trust Benefits Can Strengthen Your Estate Planning Strategy
It’s really not surprising to see just how many families believe that living trusts have no place in their estate planning strategies. Trusts were originally reserved primarily for the wealthiest of individuals and their families, and that old dynamic has had a lasting impact on the way many of today’s families continue to view them. Unfortunately, that misconception is preventing many people from receiving the living trust benefits they might otherwise enjoy – and making it even more difficult … [Read more...]
Living Trust Benefits May Surprise You
There are many different tools in the estate planning toolkit. People who have not looked into the subject extensively often assume that they should use a last will as an asset transfer vehicle, but there are inherent drawbacks and limitations when you use a last will.For many, a revocable living trust would be a better choice, and you may be rather surprised when you learn about the living trust benefits that you can take advantage of if you go this route.Debunking the MythsThere is a myth … [Read more...]
