When you consult with an estate planning attorney to create or update your estate plan, consider adding probate avoidance tools and strategies into your plan. While there are several important reasons to do what you can to allow your estate to avoid probate, the overall cost of formal probate should be enough of a reason to make probate avoidance one of your estate planning goals. To further elaborate, the Indianapolis attorneys at Frank & Kraft discuss how much it costs to probate an estate … [Read more...] about How Much Does It Cost to Probate an Estate in Indiana?
Many individuals primarily engage in estate planning to decide how their assets will be distributed after their passing. While that may be your main focus, you might also be concerned about the management of your debts, especially the potential for your adult children to inherit debts rather than assets. To help you better understand the situation, the Indianapolis attorneys at Frank & Kraft explain what happens to the debts you owe after you are gone. A Brief Lesson on Probate The … [Read more...] about What Happens to the Debts I Owe After I am Gone?
If you have recently experienced the loss of someone dear to you, the process of mourning probably continues to play a significant role in your life. At some point in the near future, however, your attention may be drawn to the term of your loved one's Last Will and Testament. What should you do if something about that Will does not sound right to you or if you begin to believe that the terms of that Will are the product of someone’s influence on your loved one? The Indianapolis attorneys … [Read more...] about What Is Undue Influence in an Indiana Will Contest?
Probate is the name of the legal process that is required to administer your estate after you pass away. One of the best reasons to have at least a basic estate plan in place is to ensure that your assets will be handled how you want them to be handled during the probate of your estate. Sometimes, however, it becomes necessary to sell estate assets during probate even if your wishes included passing those assets down to a loved one. To decrease the likelihood of it happening to your estate, an … [Read more...] about Why Might My Executor Have to Sell Some of My Estate Assets?
If you find yourself in the position of administering the estate of a recently deceased loved one, you may feel a little overwhelmed if this is your first time overseeing the probate of an estate. Along with trying to navigate a legal process with which you are unfamiliar, you ae also likely still grieving the loss of your loved one. Although it is always wise to consult with an experienced attorney when faced with the need to probate an estate, the Indianapolis probate attorneys at Frank & … [Read more...] about Top 5 Probate Mistakes You Can Avoid Making
When a family member or loved one passes away, there is usually a grieving period that follows. At the same time, there are legal and practical steps that must be taken to administer the decedent’s estate. If you recently lost someone and you have reason to believe you will inherit from the estate, you may be struggling with how to proceed. If so, the Indianapolis probate attorneys at Frank & Kraft discuss claiming your inheritance and strategies for beneficiaries going through probate in … [Read more...] about Claiming Your Inheritance: Strategies for Beneficiaries Going Through Probate in Indiana
When a family member or loved one passes away, a period of grieving typically follows. Although the legalities of your loved one’s death may not be at the forefront of your mind during the grieving period, you may eventually focus on the fact that you were left an inheritance. How do you get the inheritance left to you though? What steps do you need to take? Who is responsible for giving you your inheritance? To try and answer some of these questions, the Indianapolis probate attorneys at Frank … [Read more...] about How Do I Access My Inheritance?
A common goal found in many comprehensive estate plans is probate avoidance. Avoiding probate entirely may be impossible; however, with some careful planning you can create an estate plan that dramatically reduces the amount of time and money spent on the probate of your estate. That, in turn, may make much needed assets available to loved ones much sooner after your death. The Indianapolis estate planning attorneys at Frank & Kraft discuss common estate planning tools that can help your … [Read more...] about How to Avoid Probate
A comprehensive estate plan should include tools and strategies aimed at accomplishing various interrelated goals. For many people, probate avoidance is one of those goals. Along with the time it takes to get an estate through the probate process, the cost of probate is a primary reason to include probate avoidance strategies in your estate plan. To further explain, the Indianapolis probate attorneys at Frank & Kraft explain some common probate fees in Indiana. Probate Basics Most … [Read more...] about What Are the Probate Fees in Indiana?
Although learning that a loved one passed away may result in a period of grieving, finding out that you were left an inheritance is welcome news. Unfortunately, you may be waiting for a long time before you receive that inheritance. If the decedent’s estate is required to go through probate, it could take a year or longer before your inheritance can be released to you. Why does probate take so long? The Indianapolis probate attorneys at Frank & Kraft explain how long you may need to … [Read more...] about How Long Do I Have to Wait to Receive My Inheritance?