Trust lawyers at Frank & Kraft can provide you with help determining if you need a trust. Many people, including those who are not wealthy, could benefit from creating a trust -- but far too many people do not know how a trust could help them or how a trust could help their loved ones. An experienced attorney can evaluate your situation and assist you in deciding whether a trust is a tool that you should incorporate into your estate plan. We can also help you to decide what kind of trust is … [Read more...] about Why Talking to Trust Lawyers is Important for Family Breadwinners
Wills and Trusts
A probate attorney at Frank & Kraft provides help during the probate process to try to make this process go as smoothly as possible. Our legal team can represent an executor of an estate and help the executor to fulfill his fiduciary duty. We can also provide representation to heirs or beneficiaries who want to make certain that the executor is fulfilling his obligations and protecting an inheritance. With help from an experienced attorney, hopefully the process will go smoothly, the … [Read more...] about 5 Reasons You Could Contest a Will
An Indianapolis trust lawyer can assist you in determining if creating a trust is the best approach for accomplishing your estate planning or asset protection goals. Trusts are a powerful legal tool that can assist you in more easily transferring assets to loved ones and that can provide protection for your assets both during your life and after you death. Unfortunately, many people misunderstand what trusts can do and how they work. It is a common misconception that trusts are only for wealthy … [Read more...] about How Do You Know if a Trust is Right for You?
Trust are a versatile and important estate planning and asset protection tool that Indianapolis trust attorneys can help you to use effectively. Trusts can actually be used to accomplish many different goals, including keeping wealth safe during the course of your life as well as making certain that your heirs or beneficiaries do not end up losing their inheritance due to taxes, irresponsible spending, or a wide variety of other factors. Frank & Kraft can provide you with … [Read more...] about Three Mistakes Indianapolis Trust Attorneys Help You Avoid
If you are in the process of creating a will, it won’t be long before you need to answer this question: who will you choose as the executor? Of course, if you’ve created this legal arrangement in the past, you’ve already made this decision. In some cases, even if you already have an executor in place, you may need to make a change. For example, this is necessary in the event that your original executor is no longer able to perform the duties required of him or her. The executor of a will … [Read more...] about The Executor of a Will Should have These Qualities
Have you recently had a loved one pass away, and discovered that he or she left you no inheritance or less than you had been expecting? Do you have reason to believe that someone convinced your loved one to change the will to cut down on your inheritance – or exclude you altogether? Have you been thinking about challenging the will to get your fair share of the estate? If so, you certainly wouldn’t be the first person in history to contemplate such a thing. It’s important for you to know, … [Read more...] about Why Contesting a Will is More Difficult Than You Might Think
When it comes to estate planning, there seems to be three groups of people. The first group includes all those people who have no estate plan in place. Unfortunately, they represent a majority of American adults right now. The second group includes those whose estate plan is focused on a simple will and perhaps a power of attorney or advance directive for health care. The third group – and by far the smallest – consists of those Americans who have an estate plan that includes some type of living … [Read more...] about What is a Revocable Trust and How Can It Benefit Your Estate Plan?
It’s not uncommon for people who’ve been told that they need a trust to immediately focus their attention on a revocable trust. In some cases, it’s just because they’re unaware that other trusts exist. In other instances, they’ve heard of irrevocable trusts but are more than a little leery about giving up total control over trust assets forever. While that concern is certainly valid, the fact is that there are times when an irrevocable trust is really the best way to accomplish certain goals. Of … [Read more...] about When is an Irrevocable Trust Right for You?
Apart from death and taxes, there are few real absolutes in life. For individuals who truly want to protect their interests and their families, however, estate planning can be said to be an absolute necessity. Oh sure, there are many people who never get around to organizing their affairs and preparing for the future, but that doesn’t mean that they shouldn’t do so. The fact is that a well-conceived estate plan can be essential for protecting your assets, avoiding problems related to incapacity, … [Read more...] about A Simple Will is Never Enough
The desire to protect wealth and pass it on to one’s heirs has been around since ancient times. Though they may have differed with respect to their ambitions, kings, nobles, and commoners all shared a common desire to secure some type of legacy for their children and other heirs. That desire remains a motivating force for many millions of people in modern times. The difference is that we no longer squirrel away our legacy treasures in royal vaults or hidden corners of our cottages. Instead, we … [Read more...] about Recognizing the Benefits of Estate Planning Trusts