Estate planning is important for everyone regardless of your financial status or the dynamic of your family. At the same time, different people are going to have different needs. Some will need a traditional plan, and others will benefit from legacy wealth planning. This is one of the reasons why it is important to retain the services of a licensed Indianapolis estate planning attorney when you are planning your estate. Your attorney will gain a comprehensive understanding … [Read more...] about Legacy Planning in Indianapolis: Legacy Wealth Planning vs. Traditional Estate Planning
Living Trusts
Probate in Indianapolis IN: Can It Be Avoided?
In the city of Indianapolis, your estate must be probated before the heirs will receive their inheritances (assuming the probate assets in question exceed $50,000 in value). Probate is a legal process, and it takes place under the supervision of the probate court. During probate in Indianapolis IN, the executor or the personal representative will administer the estate. While this process is underway anyone who wanted to contest the will could present arguments before the probate … [Read more...] about Probate in Indianapolis IN: Can It Be Avoided?
Revocable Living Trust in Indiana FAQs
Creating a revocable living trust in Indiana can be a good way to arrange for your assets to be transferred to your heirs after you pass away. In this post we will provide the answers to some frequently asked questions about these trusts. What is the primary benefit of a revocable living trust in Indiana? When you state your wishes regarding the distribution of your financial assets in a last will alone the transfer of assets is going to be stalled by the probate process. The will must … [Read more...] about Revocable Living Trust in Indiana FAQs
Access Our Estate Planning Report Library
People who have absorbed in-depth information about any particular subject are going to make better decisions than those who are not fully informed. This certainly extends into the realm of estate planning. On the most basic level people think about estate planning as the act of drawing up a last will that divides a pie of sorts among family members. In fact there is a bigger picture to consider. A last will may not be your best choice for transferring assets. If you … [Read more...] about Access Our Estate Planning Report Library
Choose Trustee or Executor Wisely
When you use a trust such as a revocable living trust to direct the transfer of your remaining assets to your heirs after your passing you have to choose a trustee. The word trustee has some inherent implications. This individual or entity is going to be managing the funds that have been placed into the vehicle, and because of this fiduciary responsibility you clearly want to select a person or company that you trust. The utilization of a trust company or the trust department … [Read more...] about Choose Trustee or Executor Wisely
Three Estate Planning Errors to Avoid
Sometimes people make errors of commission or omission that come back to haunt them or their families. We would like to take a look at three common estate planning errors in an effort to bring them to your attention so you can take steps to avoid them. 1.) The Creation of a Do-It-Yourself Estate Plan This is an error that is becoming increasingly common in the age of the Internet. Doing things for yourself can be personally rewarding, and it can sometimes save you money. … [Read more...] about Three Estate Planning Errors to Avoid
April Indianapolis Estate Planning Seminars
Our firm is very proactive about community outreach and education. When you understand why estate planning is important you invariably feel compelled to take action for the benefit of those that you love. One way that we make solid information available is through our website and right here on this blog. A great resource that you may want to explore is our library of informative free estate planning reports. We offer a number of reports on many different specific topics, and they … [Read more...] about April Indianapolis Estate Planning Seminars
Access Free Indianapolis Estate Planning Report
Some people do not take action with regard to executing the appropriate estate planning documents because they are not aware of all of the things that can go wrong if you do not plan ahead in an intelligent and informed manner. When you do have a basic understanding of the relevant tax laws and the various challenges that seniors citizens face you see why it is indeed important to make preparations for the future with the benefit of expert guidance. With the above in mind we have prepared … [Read more...] about Access Free Indianapolis Estate Planning Report
Trust Administration Examined
When you execute estate planning documents such as a living trust you are taking care of one of the core responsibilities of adulthood. However, you must consider all the details if you want to make things simple and efficient for your family members after you pass away. Stating how you want your resources distributed is one thing, but you also must consider the human element, and this is where trust administration comes in. Certain actions must be taken in your behalf after your … [Read more...] about Trust Administration Examined
Gibb Family Must Remain Patient During Probate
When you use a last will to direct the transfer of your assets the heirs to the estate do not receive their inheritances until the estate has been probate and closed. In simple cases it can take months for the process to run its course. When more complicated circumstances exist it can actually take years. This time consumption is one of the major reasons why people avoid probate. With the above in mind the case of the recently deceased singer Robin Gibb is an interesting case in … [Read more...] about Gibb Family Must Remain Patient During Probate
