Revocable Living Trusts in Indiana

When most people think about estate planning, they focus on what happens after death. While deciding who will inherit your property is certainly important, a comprehensive estate plan should also prepare for the possibility that you may become unable to manage your own financial or personal affairs during your lifetime. An unexpected accident, stroke, dementia diagnosis, or other serious illness can leave you incapable of making important decisions, even though your bills, investments, and other … [Read more...] about How a Revocable Living Trust Can Help with Incapacity Planning in Indiana

When you create an estate plan, one of the most powerful tools at your disposal is a revocable trust which can streamline the management and distribution of your assets, avoid probate, plan for incapacity, and provide you with flexibility during your lifetime. Understanding how a revocable trust works and how it complements other elements of your estate plan is essential to crafting a comprehensive strategy for your legacy. To help you better understand, the Indianapolis attorneys at Frank & … [Read more...] about How Does a Revocable Trust Fit into My Estate Plan?

Many people choose to include a revocable living trust in their estate plan. If you are among them, you will need to fund the trust that you create. That means you need to understand what assets should and should not be transferred into your trust and what you need to do to effectuate those transfers. Toward that end, the Indianapolis trust attorneys at Frank & Kraft explain what can and what cannot be used to fund a revocable living trust. What Is a Revocable Living Trust? A trust is … [Read more...] about What Can and What Cannot Be Used to Fund a Revocable Living Trust?

Indianapolis living trust attorneys can assist clients with the creation of a living trust. A living trust, or revocable living trust as it is also called, is a trust you create during the course of your lifetime. There are some significant benefits associated with creating this kind of trust which makes it a popular tool in the estate planning process for many people.  If you are thinking about how you can protect your assets as you get older or if you are interested in learning about … [Read more...] about 3 Benefits to Creating a Living Trust

The right of revocation is not the only way that you control this type of trust. If you create a revocable living trust, you are called the grantor of the trust in legal parlance. The trustee is the person or entity who administers the trust, and the beneficiary is the person who receives monetary distributions from the trust. As the grantor of a living trust, you can act as the trustee and the beneficiary while you are living, and most people do choose to assume these roles. Since you are the … [Read more...] about Free Report: Should I Use a Revocable or Irrevocable Trust in Indiana?