Using Living Trusts As A Tool For Your Estate Plan Is Essential To Consider.
Trusts have been a staple of estate planning but how they are used is often misunderstood. We will breakdown how living tursts can be a critical component to your plan.
HOW WE APPROACH LIVING TRUSTS
Trusts Can Be A Great Option.
Looking at the implementation and the necessity of a living trusts involves looking at the types of assets you have as well as the considerations of how best to control your assets. We will review the benefits as well as how to best use them.
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BENEFITS TO LIVING TRUSTS
PRIVACY: As it’s most fundamental, a living trust is a confidential document that isn’t shared with the public record nor any state entity.
CONTROL: You have ultimate say around how to control your assets. While you’re living, you can use your resources, real property and income the same as you normally would. After death, the way your beneficiaries would retain control of those assets.
WILLS VS TRUSTS
How Best To Use Both
Both wills and trusts serve different functions when it comes to crafting your estate plan and considering some of the following questions:
- Do you have minor children that may or may not have special needs?
- Is the estate to be actively managed?
- Do you have cost considerations while forming your estate plan?
HOW WE APPROACH LIVING TRUSTS IN INDIANA
WE START WITH CREATING A SOLID PLAN.
As living trusts provide many safeguards against potential acts against your assets, we at Jeff Jinks Law would like to review how best a living trust can serve you as there isn’t no simple or template approach to creating one in Indiana.
Call or Email Our Indianapolis Estate Planning Attorneys Today!
Our attorneys know that having tools such as Living Trusts can better give you the peace that you deserve as you make sure your loved ones are taken care of.
To schedule an evaluation of Living Trusts, please contact an Indiana estate planning attorney from our firm today!
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JEFF JINKS FIRM NEWS
and Elder Law News
REAL ESTATE Landlords Beware! Written By Jeff Jinks SUBJECT: LANDLORDS BEWARE In, In Re Great Lakes Quick Lube LP v. T.D. Investments I, LLP, The US Court of Appeals for the Seventh Circuit ruled that a commercial tenant’s lease termination that happens before it has filed for bankruptcy could be considered an avoidable transfer under
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REAL ESTATE CITIES USING ZONING TO AVOID EMINENT DOMAIN REQUIREMENTS. Written By Jeff Jinks CITIES USING ZONING TO AVOID EMINENT DOMAIN REQUIREMENTS. In a recent Wall Street Journal article it was reported that several cities are using their local zoning laws to avoid the requirement of paying private property owners when their property is taken.
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