It is important to gain an understanding of the vehicles of asset transfer that you can utilize when you are planning your estate. There are those who have misconceptions, and you can look past viable solutions if you do not know all the facts. With this in mind, we would like to look at revocable living trusts in this post. Loss of Control? Some people are under the impression that you lose personal control of assets when you place them into a trust. That's the whole … [Read more...] about Do I Lose Control of Assets in a Revocable Living Trust?
Living Trusts
What is a Living Will in Indiana?
What is a Living Will? from Paul Kraft A Living Will is not used to transfer monetary assets. It serves an entirely different purpose. A Living Will is an advance directive for health care. It is used to prepare for possible incapacitation. Learn more about a Living Will in Indiana in this presentation. … [Read more...] about What is a Living Will in Indiana?
Attend a Living Trust Seminar in June
The last will is the most commonly utilized estate planning document, and you may assume that you should use a last will to arrange for the transfer of your assets. In fact, you may want to consider a revocable living trust as an alternative. We are offering a series of seminars during the month of June that will cover revocable living trusts in detail. The seminars are being offered free of charge, and you will obtain a great deal of valuable information if you attend one of the … [Read more...] about Attend a Living Trust Seminar in June
Free Report: What are the Benefits of a Revocable Living Trusts
Let's look at some of the benefits of revocable living trusts and how trust can be useful for people of ordinary means. There are people who assume that trusts are only for very wealthy families. This is really not the case. There are different types of trusts that serve different purposes. Topics covered in this report include: Probate AvoidanceIncapacity Planning Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What are the Benefits of a Revocable Living Trusts
Is Probate Always Required?
Estate administration tasks are often conducted under the supervision of the probate court. However, there are certain circumstances under which the probate process will not be required. In the state of Indiana, small estates can sometimes avoid the full probate process through the execution of a simple affidavit, and there is also a simplified probate process. To be eligible for either of these shortcuts, the estate in question cannot be valued in excess of $50,000. If the … [Read more...] about Is Probate Always Required?
Indianapolis Living Trust Seminars Scheduled for April
Everyone has heard of the last will or last will and testament. You may be under the impression that things are very simple when you use a last will. For this reason you may decide that you are not interested in creating a living trust. The Process of Probate When you state your final wishes in a last will, you name an executor or personal representative. This is the individual who administers the estate. The executor does not have the power to distribute resources to … [Read more...] about Indianapolis Living Trust Seminars Scheduled for April
Will a Revocable Living Trust in Indianapolis Protect Family Wealth?
There are different trusts that are used to accomplish varying objectives. Sometimes people paint with a broad brush because they have a lack of information. In this post we will look at revocable living trusts in Indianapolis and wealth preservation. Revocable Living Trust in Indianapolis A revocable living trust in Indianapolis is just that, revocable. After you create the trust you are free to revoke or rescind it at any time. Assets that you have conveyed into … [Read more...] about Will a Revocable Living Trust in Indianapolis Protect Family Wealth?
Do I Lose Control of Property I Place Into a Living Trust?
Some people think that you surrender complete control of assets that you place into any type of trust. They go forward with this assumption, and as a result they ignore the possibility of creating a trust. Do you lose control of assets that you place into a trust? This is going to depend on the type of trust that you are utilizing. Let's look at revocable living trusts. Incidents of Ownership Revocable living trusts are commonly used by people who want to avoid … [Read more...] about Do I Lose Control of Property I Place Into a Living Trust?
February Living Trust Seminars Scheduled
The last will is the most commonly executed estate planning document. It may be natural to assume that a last will is going to facilitate a very simple and direct transfer of assets to the heirs. There are even websites on the Internet that will sell you do-it-yourself last will downloads. You fill in the blanks and go forward with the assumption that everything will go smoothly after you pass away. As they say, a little bit of information is a dangerous thing. There is nothing inherently … [Read more...] about February Living Trust Seminars Scheduled
Revocable Living Trusts in Indianapolis: Who Can Be the Trustee?
People are sometimes under the mistaken impression that trusts are only useful for wealthy people. Some types of trusts do accomplish objectives that are held by high net worth families. However, there are other trusts that really wouldn't satisfy these objectives. One of them is the revocable living trust. People who are extraordinarily wealthy have to be concerned about the estate tax. Many of them are also going to prioritize asset protection. A revocable living … [Read more...] about Revocable Living Trusts in Indianapolis: Who Can Be the Trustee?
