PowerPoint Presentation: Can Probate Be Avoided?
PowerPoint Presentation: Myth
PowerPoint Presentation: You may have seen a fictional depiction
PowerPoint Presentation: Someone dies, and after the funeral there is a “reading of the will”
PowerPoint Presentation: The assumption is that the person who reads the will distributes the property directly to the heirs to the estate
PowerPoint Presentation: Reality Reality
PowerPoint Presentation: If you use a will to transfer your assets , you choose an EXECUTOR
PowerPoint Presentation: This is the person who administers the estate
PowerPoint Presentation: When you pass away, the executor is bound by the laws of the state of Indiana
PowerPoint Presentation: He or she must admit the will to probate before any inheritances are distributed
PowerPoint Presentation: Probate Probate
PowerPoint Presentation: What Is Probate?
PowerPoint Presentation: It is a legal process
PowerPoint Presentation: The probate court determines the VALIDITY OF THE LAST WILL
PowerPoint Presentation: Final debts must be paid during probate
PowerPoint Presentation: Challenges to the estate could be presented during probate
PowerPoint Presentation: How Long Does It Take?
PowerPoint Presentation: The exact duration of the probate proceeding will vary on a case-by-case basis
PowerPoint Presentation: Simple cases will take months
PowerPoint Presentation: The more complicated the situation is , the longer it will take
PowerPoint Presentation: In some instances probate can go on for years
PowerPoint Presentation: Does Probate Cost Anything?
PowerPoint Presentation: There are expenses that can pile up during the probate process
PowerPoint Presentation: The court imposes a fee 1
PowerPoint Presentation: The court imposes a fee 1 The executor must be paid, and various professionals will usually be brought in 2
PowerPoint Presentation: These probate expenses will reduce the amount of the inheritances that are received by the heirs
PowerPoint Presentation: Can Probate Be Avoided?
PowerPoint Presentation: When you hear about probate you may wonder if it can be avoided
PowerPoint Presentation: The answer is yes, there are a number of different probate avoidance strategies that can be implemented
PowerPoint Presentation: One very commonly utilized solution would be the CREATION OF A REVOCABLE LIVING TRUST
PowerPoint Presentation: Indianapolis Probate Avoidance Consultation
PowerPoint Presentation: If you would like to discuss probate avoidance strategies with a licensed attorney, we invite you to contact our firm
PowerPoint Presentation: We would be glad to provide you with a free consultation . Frank & Kraft (317 ) 684-1100 www.FrankKraft.com