If you have been chosen to serve as a trust administrator, you need to be aware that you will have some very substantial obligations if you decide to fulfill this role. A trust creator may select you as a trust administrator and if you agree to administer the trust, you will be responsible for managing trust assets and facilitating the transfer of assets during the trust administration process after a death. Frank & Kraft can provide you with help understanding what your responsibilities … [Read more...]
Do You have to Go to Court During the Indianapolis Trust Administration Process?
The Indianapolis trust administration process is a process by which assets can transfer after the death of their owner. In most situations, it is possible to entirely avoid the probate process if you create a comprehensive estate plan that includes a trust and that allows assets to transfer through trust administration. This is a major benefit for many reasons, including the fact that avoiding probate can save money and time. Avoiding probate can also allow you to avoid going to court, in most … [Read more...]
What if You Make the Wrong Kind of Trust?
An Indianapolis trust attorney will provide help with selecting the correct type of trust to create. Trusts are versatile and powerful legal tools that can help you to achieve many different goals, from protecting your wealth to protecting your loved ones. But, the very versatility that makes trusts so useful can also make it difficult for individuals to create trusts without getting legal advice. The problem is, far too many people make the wrong type of trust and end up not getting the … [Read more...]
Trust Administration Benefits Compared with Probate
Trust administration is a method of transferring assets after the death of a trust creator. This method of transferring assets is utilized when the assets to be transferred are held in a trust. The ability to transfer assets through trust administration is one key reason why many people create trusts. If assets do not transfer in this way, and if other estate planning tools are not used to facilitate the timely transfer of assets, assets may have to transfer through the probate process. There … [Read more...]
5 Ways a Trust Attorney Can Help You
A trust attorney helps you to make use of trusts to protect your family and assets. Trusts are a common estate planning tool because they are both versatile and powerful. However, if you make the wrong kind of trust, financial disaster could result – especially if you do not discover the error until you are counting on the trust to provide you with benefits and protections. Frank & Kraft will help you to make a legally valid trust that is right for you and that accomplishes your goals. … [Read more...]
How Living Trust Attorneys Help You Pick a Trustee
Living trust attorneys at Frank & Kraft can provide help with all of the steps involved in creating a trust. There are many decisions that have to be made during the trust creation process. You'll need to select the right kind of trust, decide what assets you want to transfer into the trust and make certain to follow all legal requirements for the creation of your trust document. You will also need to ensure that you select the right person to serve as trustee and that you designate … [Read more...]
Trust Attorneys Can Reduce Family Stress
As estate planning attorneys, a new client will sometimes come to us looking for solutions. In these cases, a loved one passed away, and a very difficult situation was left behind. The surviving family members are wondering if anything can be done to control the damage.In some cases, there are certain things that can be done, but it will depend upon the circumstances. Of course, with anything, if you take the right steps in advance you can prevent future problems.Trust attorneys help people … [Read more...]
What Is Indianapolis Supplemental Needs Trust?
What Is Indianapolis Supplemental Needs Trust? from Paul Kraft Supplemental Security Income is a need-based program that provides financial support for people with disabilities. Learn more about Indianapolis supplemental needs trust in this presentation. … [Read more...]
Free Report: What Is a Qualified Domestic Trust?
There are federal transfer taxes in the United States that can significantly erode your wealth as you are passing it on to your loved ones. These taxes carries a 40 percent maximum rate, and this is certainly an eye-catching figure.The good news is that there is an unlimited marital deduction. You can transfer unlimited assets to your spouse tax-free, as long as your spouse is an American citizen.If you are married to a foreign citizen, you could gain estate tax efficiency through the … [Read more...]
Are There Different Types of Charitable Trusts?
There is nothing more rewarding than charitable giving. Clearly, you gain personal satisfaction when you are in a position to help worthy causes and institutions that are meaningful to you. At the same time, you may be able to gain tax advantages when you indulge your philanthropic urges. A charitable trust of some kind could be part of the plan.Let's look at some of the different types of charitable trusts that are used in the field of estate planning.Charitable Remainder TrustsA … [Read more...]
