Some people hear about the topic of last will challenges and they see a one-sided picture. This perspective involves a disgruntled party who cannot deal with the final wishes of a family member. Rather than accepting the decedent's right to make his or her own decisions the indignant individual in question decides to challenge the validity of the will. The fact of the matter is that there are those who may step forward out of a sense of being slighted personally without really having … [Read more...] about Will Challenges: What Are the Legal Grounds?
Wills and Trusts
Download Our Free Report on the Probate Process
The process of probate enters the picture when you are executing a last will to state your final wishes. During this interim the probate court will examine the will to determine its validity. Interested parties could step forward during probate to challenge your will, and while the estate is being probated final debts must be paid. Along with the above the assets that comprise the estate must be prepared for distribution to the heirs in accordance with your stated wishes. … [Read more...] about Download Our Free Report on the Probate Process
Hemsley Estate Dispute Decided by Court
We have been passing along information over the last few months about the disputed estate of the deceased actor Sherman Hemsley, and we can now report that a resolution has been reached. The character George Jefferson catapulted Hemsley into the public consciousness, and he certainly provided millions of Americans with some hearty laughter during his long and successful career. The dispute involved a person stepping forward to challenge Hemsley's will during the probate process. Even … [Read more...] about Hemsley Estate Dispute Decided by Court
Access Free Indianapolis Estate Planning Report
Some people do not take action with regard to executing the appropriate estate planning documents because they are not aware of all of the things that can go wrong if you do not plan ahead in an intelligent and informed manner. When you do have a basic understanding of the relevant tax laws and the various challenges that seniors citizens face you see why it is indeed important to make preparations for the future with the benefit of expert guidance. With the above in mind we have prepared … [Read more...] about Access Free Indianapolis Estate Planning Report
Qualified Personal Residence Trust Can Deliver Tax Savings
The value of your real property does indeed count when the IRS is assessing the value of your estate. This is why many people find themselves subject to the estate tax even if they do not necessarily consider themselves to be extraordinarily wealthy in terms of cash. One way that you can reduce the taxable value of your home while you are arranging for it to be transferred to an heir or heirs in the future is to place it into a qualified personal residence trust. To learn about these … [Read more...] about Qualified Personal Residence Trust Can Deliver Tax Savings
Will Your Heirs Reach Their Full Potential?
Estate planning for high net worth individuals involves some added layers of decision-making. When you are in a position to provide life-changing amounts of money to people in your family you have to ask yourself some hard questions. One of them would be whether you may be doing more harm than good by giving certain individuals large inheritances without any strings being attached. If you are relatively young and not yet established you may feel as though you have no particular … [Read more...] about Will Your Heirs Reach Their Full Potential?
The Importance of Estate Planning for Parents of Minors
Sometimes people do not understand the value of taking certain actions until tragedy strikes. They find out what can happen the hard way, and this can be quite sad for some families. With the above in mind we would like to emphasize the importance of estate planning for the parents of minor children. Young adults often times decide that they do not need an estate plan because they are in fact young and they don't expect to pass away any time soon. However, every day when you tune … [Read more...] about The Importance of Estate Planning for Parents of Minors
Trust Administration Examined
When you execute estate planning documents such as a living trust you are taking care of one of the core responsibilities of adulthood. However, you must consider all the details if you want to make things simple and efficient for your family members after you pass away. Stating how you want your resources distributed is one thing, but you also must consider the human element, and this is where trust administration comes in. Certain actions must be taken in your behalf after your … [Read more...] about Trust Administration Examined
Estate Planning: Let the New Year Inspire You
Many people do some soul-searching when a new year begins. As you reflect on your life and your responsibilities you would do well to consider the stages of life that lie in the future. Everyone should have an estate plan in place, and this applies to adults of all ages. When there are people relying on you it is important to make sure that you take steps to provide for them should the unthinkable take place. No one knows what lies ahead, and tragedies do strike as we all … [Read more...] about Estate Planning: Let the New Year Inspire You
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
