When you create your estate plan you will need to make a number of important decisions. Along with deciding who to gift assets to, you will also need to decide how to gift those assets. For example, an Indianapolis estate planning attorney at Frank & Kraft explains how a living trust can help you avoid passing down a lump sum inheritance. What’s Wrong with a Lump Sum Inheritance? Most people hope that the inheritance they leave behind for a loved one serves to help protect and provide for … [Read more...]
When Does a Living Trust Terminate?
Creating an estate plan typically requires you one to contemplate numerous inter-related goals and objectives at the same time. To achieve all those objectives, you may need to incorporate numerous estate planning tools and strategies into your estate plan. One of the most popular of those estate planning tools is a living trust. Once your living trust is in place, however, how and when does it terminate? To help you better understand how a living trust works, the Carmel living trust attorneys … [Read more...]
What Is a Revocable Living Trust?
Estate planning is often a complex endeavor that involves a wide range of inter-related tools and strategies. While each estate plan is unique, there are some tools commonly found in an estate plan. A revocable living trust is one of those tools. You should always discuss the specifics of your estate planning needs and goals with your estate planning attorney before deciding what tools and strategies are right for you; however, it also helps to familiarize yourself with some of them ahead of … [Read more...]
What Does a Living Trust Do for You?
Whether you are creating your very first estate plan, or updating one for the fifth time, there is a good chance that the option to incorporate a living trust into your plan will come up. As with all decisions relating to your estate plan, you should consult with your estate planning attorney before deciding to include a living trust in your plan. In the meantime, however, you may find it helpful to learn more about what a living trust can do for you. What Is a Living Trust? A living trust is … [Read more...]
What Does a Living Trust Do For You?
Indianapolis living trust attorneys can provide you with help creating a living trust. There are many reasons why you should create this type of trust but unfortunately many people who could benefit from having one do not realize the benefits that these trusts can offer. Frank & Kraft can provide guidance on what a living trust can do for you and can help you with the process of creating a living trust so you can get the advantages of this trust type. You should make a living trust while … [Read more...]
Why Your Heirs Would Prefer to Inherit via a Living Trust
Living trust lawyers at Frank & Kraft can assist you with determining if a revocable living trust is an estate planning tool that you should use. Many people can benefit from a living trust and you should each out to a compassionate and knowledgeable member of our legal team to find out if trust creation is the right choice for you. While there are a lot of different reasons why you might want to create a living trust, one key reason is that this trust can make life easier for your heirs … [Read more...]
Myths and Misconceptions About Living Trusts
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...]
