The death of a parent is not easy to handle, no matter how old you are when it happens. If your father recently passed away, you are undoubtedly still grieving the loss. Finding out that your father executed a last minute “death bed” Will has you wondering if you can contest that Will. An Indianapolis estate planning attorney at Frank & Kraft discusses the legality of a death bed Will and what you would need to prove to successfully contest that Will. The “Death Bed” Will Any competent … [Read more...]
What Are the Powers of the Executor of the Will?
Is It Time To Update Your Estate Plan? Michael Crichton is one of the bestselling authors and screenwriters of all time. His estate was worth many millions of dollars when he died at age 66, leaving behind a pregnant wife. Crichton had a Will and a Trust, but they had not been reviewed or updated. So, they did not mention the son who would be born just months after Crichton’s death. Crichton was a resident of California, and like many other states, California has laws that protect children … [Read more...]
What Is a Funeral Trust?
Is It Time To Update Your Estate Plan? Michael Crichton is one of the bestselling authors and screenwriters of all time. His estate was worth many millions of dollars when he died at age 66, leaving behind a pregnant wife. Crichton had a Will and a Trust, but they had not been reviewed or updated. So, they did not mention the son who would be born just months after Crichton’s death. Crichton was a resident of California, and like many other states, California has laws that protect children … [Read more...]
What Type of Will Is Best for Me?
Is It Time To Update Your Estate Plan? Michael Crichton is one of the bestselling authors and screenwriters of all time. His estate was worth many millions of dollars when he died at age 66, leaving behind a pregnant wife. Crichton had a Will and a Trust, but they had not been reviewed or updated. So, they did not mention the son who would be born just months after Crichton’s death. Crichton was a resident of California, and like many other states, California has laws that protect children … [Read more...]
Top 3 Uses for a Revocable Trust
Is It Time To Update Your Estate Plan? Michael Crichton is one of the bestselling authors and screenwriters of all time. His estate was worth many millions of dollars when he died at age 66, leaving behind a pregnant wife. Crichton had a Will and a Trust, but they had not been reviewed or updated. So, they did not mention the son who would be born just months after Crichton’s death. Crichton was a resident of California, and like many other states, California has laws that protect children … [Read more...]
Strange Provisions People Included in Their Wills
Is It Time To Update Your Estate Plan? Michael Crichton is one of the bestselling authors and screenwriters of all time. His estate was worth many millions of dollars when he died at age 66, leaving behind a pregnant wife. Crichton had a Will and a Trust, but they had not been reviewed or updated. So, they did not mention the son who would be born just months after Crichton’s death. Crichton was a resident of California, and like many other states, California has laws that protect children … [Read more...]
What Happens If a Trustee Is Unable to Serve?
Is It Time To Update Your Estate Plan? Michael Crichton is one of the bestselling authors and screenwriters of all time. His estate was worth many millions of dollars when he died at age 66, leaving behind a pregnant wife. Crichton had a Will and a Trust, but they had not been reviewed or updated. So, they did not mention the son who would be born just months after Crichton’s death. Crichton was a resident of California, and like many other states, California has laws that protect children … [Read more...]
Is a Trustee Held Personally Liable for Mistakes?
Is It Time To Update Your Estate Plan? Michael Crichton is one of the bestselling authors and screenwriters of all time. His estate was worth many millions of dollars when he died at age 66, leaving behind a pregnant wife. Crichton had a Will and a Trust, but they had not been reviewed or updated. So, they did not mention the son who would be born just months after Crichton’s death. Crichton was a resident of California, and like many other states, California has laws that protect children … [Read more...]
What Does It Mean to Administer a Trust?
Is It Time To Update Your Estate Plan? Michael Crichton is one of the bestselling authors and screenwriters of all time. His estate was worth many millions of dollars when he died at age 66, leaving behind a pregnant wife. Crichton had a Will and a Trust, but they had not been reviewed or updated. So, they did not mention the son who would be born just months after Crichton’s death. Crichton was a resident of California, and like many other states, California has laws that protect children … [Read more...]
What are the Advantages of an Irrevocable Trust?
An irrevocable trust is a specific type of trust that you can create. When you make an irrevocable trust, you lose control over the assets that you transfer to the trust. You can't just change or modify the trust at will, and you can't end the trust whenever you want to. You also no longer own the assets that you have put into the irrevocable trust -- the trust is the owner of the money or property. The loss of control over your wealth is what makes an irrevocable trust a valuable asset … [Read more...]
