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...]
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...]
