• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Our Firm
    • About Our Firm
    • Attorney and Staff Profiles
  • Services
    • Asset & Business Planning
    • Dental Practice Law
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Financial Planning Assistance
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • LGBTQ Estate Planning
    • Medicaid and Elder Law
    • SECURE Act
    • Special Needs Planning
    • Trust Administration
  • Elder Law
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veteran’s Benefits
  • Resources
    • DocuBank
    • Elder Law
      • Elder Law & Medicaid Definitions
      • Elder Law Reports
      • Elder Law Resources
        • Carmel, Indiana Elder Resources
        • Fishers Indiana Elder Law Resources
        • Greenfield, Indiana Elder Law Resources
        • Greenwood Elder Resources
        • Indianapolis Elder Law Resources
        • Lawrence Elder Law Resources
        • Plainfield Elder Resources
        • Zionsville Elder Law Resources
    • Estate Planning
      • Estate Planning Checkup
      • Estate and Gift Tax Figures
      • Estate Planning Definitions
      • Estate Planning Reports
        • Advanced Estate Planning
        • Basic Estate Planning
        • Estate Planning for Niches
        • Trust Administration
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • Free Estate Planning Worksheet
    • Frequently Asked Questions
      • Asset Protection Planning
        • Business Succession Planning
      • Elder Abuse
      • Elder Law
        • Medicaid
        • Medicaid Planning
        • Planning for Long-Term Care
      • Estate Planning
        • Avoiding Estate Taxes
        • Estate Planning for Parents
        • Frequently Asked Questions for Families Without an Estate Plan
        • LGBTQ Estate Planning
        • Women and the Need for Estate Planning
      • Financial Planning
      • Incapacity Planning
      • Legacy Wealth Planning
      • Pet Planning
      • Philanthropy in Your Estate Plan
      • Probate
      • Power of Attorney
      • Small Estate Administration
      • Trusts
        • Trust Administration
        • Trust Administration
        • Serving as Executor
      • Understanding Your Social Security Retirement Benefits
      • Wills
        • Contesting a Will
    • Newsletter
    • Pre Consultation Form
    • Probate and Trust Administration
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss Of A Loved One
      • Probate Resources
        • Carmel, Indiana Probate Resources
        • Greenfield Probate
        • Greenwood Probate
        • Indianapolis Probate
        • Plainfield Probate
        • Indiana Probate
        • Zionsville Probate
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • The Mourner’s Bill of Rights
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
  • Reviews
    • Our Reviews
    • Review Us
  • Areas We Serve
    • Boone County
      • Lebanon
      • Zionsville
    • Hamilton County
      • Carmel
      • Fishers
    • Hancock County
      • Greenfield
    • Hendricks County
      • Brownsburg
      • Plainfield
    • Johnson County
      • Franklin, Indiana
      • Greenwood
    • Marion County
      • Central Indiana
      • Indianapolis
  • Blog
  • Contact Us

Frank & Kraft, Attorneys at Law

Indianapolis Estate Planning Attorneys

CONNECT WITH US TODAY(317) 684-1100

Attend a Free Workshop
Home » Services » Indianapolis Asset Protection and Business Planning

Indianapolis Asset Protection and Business Planning

Taking steps to protect your assets is important, especially if you are a business owner. You can get professional help with the asset protection process by turning to Frank & Kraft. When you need a knowledgeable and experienced advocate who can help you to make a comprehensive asset protection plan, our legal team can provide the advice you need.

When you turn to us for assistance with asset protection and business planning, you get our full attention and a 100 percent personalized plan, whether you are just beginning to build assets or have a high net-worth. We help business owners who are just starting their companies, as well as owners of successful corporations that have been in the family for generations.

Give us a call today at (317) 684-1100 to find out about how we can offer you the help you need to protect your assets and secure your business, and to get answers to important questions including:

  • Why is asset protection so important?
  • What are some issues faced by business owners?
  • How can an Indianapolis asset protection and business planning lawyer help you?

Why is Asset Protection so Important?

Asset protection is essential for anyone who has built wealth and who wants to be able to hand that wealth down to the people they love. Asset protection is also essential if you want to make sure you and your spouse are taken care of during your golden years. You do not want to put your nest egg at risk when you have worked hard to save.

Asset protection is important for anyone with money or property they wish to protect, but is especially important for business owners. This is because your personal assets could be at risk if something goes wrong with your business.

Your company could be sued or go bankrupt and unless it is structured appropriately, you could find your own home, money, and investment accounts potentially at risk of being lost. A business bankruptcy could even lead to a personal bankruptcy if you are not careful when it comes to protecting your assets.

Both business owners and the owners of anything else of value, from a family farm to land to investment accounts, could be vulnerable to many different potential sources of loss. From irresponsible heirs to estate taxes to high bills for nursing homes, there are lots of different ways your nest egg could be depleted and fail to provide the security that you deserve.

When you have made a plan to protect your assets, your money, company, and wealth can be kept safe from harm and you can make sure you and your family have the financial security that you have worked so hard to achieve. The sooner you begin the planning process, the more of your assets you can protect from potential loss.

What are Some Issues Faced by Business Owners?

Business owners face the risk that their company’s losses could become personal losses, but incorporating can help to reduce or eliminate the potential for this outcome to occur. Most business owners also want to make sure their company is able to serve as their legacy, surviving after they are gone and being handed down to the next generation. This means you must address business succession issues. You need to be able to transfer the ownership of your company to new owners when you leave the business for any reason.

You also want to be sure business assets do not put you over the excludable limit for estate taxes. Many companies have been lost because heirs have been forced to sell due to insufficient funds to pay taxes.

A buy/sell agreement, incorporation, and a business succession plan are some of the key ways that you can ensure your company is able to be passed on to the people who you believe can keep it going for the next generation. The use of trusts and other estate planning techniques can also be invaluable in making sure your company serves as a strong long-term legacy.

How Can an Indianapolis Asset Protection & Business Planning Lawyer Help You?

An Indianapolis asset protection and business planning lawyer can provide you with invaluable assistance as you fight to protect the legacy you are building. Do not allow your company, your money, or your property to be at risk for another day. Call Frank & Kraft today at at (317) 684-1100 or contact us online to learn more about the assistance we offer.

Primary Sidebar

Frank & Kraft, Attorneys at Law

Download our free Estate Planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

Follow Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube

Where We Are

Frank & Kraft Attorneys at Law
135 N. Pennsylvania Street Suite 1100
Indianapolis, IN 46204-2485
Phone: (317) 684-1100
Fax: (317) 684-6111

See Larger MapGet directions

Office Hours

Monday8:00 AM - 5:00 PM
Tuesday8:00 AM - 5:00 PM
Wednesday8:00 AM - 5:00 PM
Thursday8:00 AM - 5:00 PM
Friday8:00 AM - 5:00 PM

Map

frankkraft_sidbr_map

Footer

  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Connect with Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube
footer-logo

Frank & Kraft Attorneys at Law
Attorney Advertisement

© 2023 American Academy of Estate Planning Attorneys, Inc.

© 2023 · American Academy of Estate Planning Attorneys, Inc. | Disclaimer | Privacy Policy | Sitemap | Contact Us