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
Probate
Indianapolis Living Trust Report Available for Download
Here at Frank & Kraft we are sincerely committed to providing members of the community with good estate planning information. We go about this in a number of different ways, and one of them is by passing along a steady stream of useful knowledge on this blog. We also conduct outreach efforts throughout the area in the form of our free seminars. In fact, there are a number of seminars coming up in January and we will pass along the details shortly. In addition to the above … [Read more...] about Indianapolis Living Trust Report Available for Download
Our Report on Wills Now Available for Download
One of the foundational elements to consider when you are taking stock of your legacy would be the vehicle or vehicles of asset transfer that you intend to utilize. There are many choices, but the most common one is the last will. These documents are pretty well understood as a way to state your final wishes in a manner that may seem rather simple and straightforward. However, last wills are not as elementary as you might think. There are websites out there claiming that anyone … [Read more...] about Our Report on Wills Now Available for Download
Who Will Administer Your Estate?
You have to consider the matter of estate administration when you are planning your estate. Letting your family know where your estate planning documents are located is fine, but what do they do next? Making your wishes as stated in writing become a reality is going to take the efforts of individuals with certain types of expertise. If you are using a revocable living trust to arrange for the distribution of your resources to your heirs after your passing, you would do well to … [Read more...] about Who Will Administer Your Estate?
The Limitations of Living Trusts
Living trusts are often utilized by people who would like to arrange for the eventual transfer of assets to their loved ones outside of the probate process. When you use a last will to direct the transfer of your assets after your passing the estate must be probated. During this process the probate court supervises the administration of the estate. The heirs to the estate will not receive their inheritances until this process has run its course. Depending on the specifics of the case … [Read more...] about The Limitations of Living Trusts
Update on Hemsley Estate Challenge
The probate court in El Paso, Texas is going to preside over a trial that is scheduled to commence on October 31 in an effort to resolve the Sherman Hemsley estate case. News was circulating a while back about a man named Richard Thornton stepping forward claiming to be the late actor's brother. He is challenging Hemsley's will. In the will, Hemsley leaves everything to his "beloved partner" (this is the term used in the will) Flora Enchinton. Things have been in limbo since … [Read more...] about Update on Hemsley Estate Challenge
Probate Lawyer Can Guide Executor
It is best to see a practical picture when you are making preparations for the inevitable. Looking at it from a general perspective estate planning is a matter of common sense. You have to ask yourself what needs to be done and then engage the professional expertise that is necessary to make these things happen after you pass away. Executing a last will is one of the options that you have when you are stating your wishes in writing. If you do use a last will rather than a … [Read more...] about Probate Lawyer Can Guide Executor
Hemsley of "Jeffersons" Fame Passes; Estate Being Challenged
Indianapolis estate planning attorneys often talk about the possibility of an estate being held up in probate for an extended period of time. This takes place when estate challenges arise, and they are more common than you may think. Even families who are under the impression that they have everything arranged properly can experience some unpleasant surprises later on. The above is applicable to the case of the estate of the deceased actor Sherman Hemsley. This talented man was … [Read more...] about Hemsley of "Jeffersons" Fame Passes; Estate Being Challenged
One More Reason to Avoid Probate
In the field of estate planning probate avoidance strategies are often implemented. Why would you want to avoid probate? There are two primary reasons that most people would point out first. The process involves the probate court that is local to the deceased supervising the administration of the estate. Depending on the complexity of the individual case in question it can take months or even years for the process of probate to run its course. This is a pretty big deal to … [Read more...] about One More Reason to Avoid Probate
Indianapolis Estate Planning Seminars
Free advice can be a bit dangerous to accept under certain circumstances. However, sometimes genuine expertise is available to you in a readily accessible and cost-effective manner. Just such an opportunity is presenting itself over the next couple of weeks here in the Indianapolis area. Our firm is going to be presenting some very informative seminars throughout the month of September and we would like to invite all of our readers to attend. At our seminars you will find out … [Read more...] about Indianapolis Estate Planning Seminars
