Indiana Trust Attorneys Offering Reliable Assistance
Skilled trust lawyers helping you protect your assets
Estate planning is one of the most important things you can do for your family and your future. An estate plan ensures that your legal affairs are in order in the event you become incapacitated and when you pass.
Often set up to care for minor children or disabled adult relatives, a trust enables you to transfer assets out of your name to another individual. One of the benefits of including a trust in your estate plan is to avoid probate. Probate is the legal process required to transfer the ownership of your assets to your beneficiaries. Because a trust contains instructions for the distribution of your assets without court proceedings, a trust bypasses probate.
At Haggerty, Haggerty and Maschmeyer, our Indiana estate planning attorneys have extensive experience representing administrators, trustees, executors and other fiduciaries. When you retain us, we ensure that your estate plan is tailored to your particular needs.
Meticulous and effective trust attorneys
A trust leaves crucial financial, health care and guardianship decisions in your hands, rather than with strangers. At Haggerty, Haggerty and Maschmeyer, we regularly handle:
The most common trusts used for estate planning purposes are irrevocable and revocable trusts:
- Revocable trusts, or living trusts, are done during your lifetime and you, as the grantor, maintain control over the trust. Revocable trusts enable you to change trustees, trust terms and even end the trust.
- An irrevocable trust cannot be altered without the consent of the beneficiary.
There are advantages and disadvantages associated with both kinds of trusts. For example, placing your assets in an irrevocable trust protects them from creditor lawsuits and can keep life insurance out of your state and federal estate taxes. Haggerty, Haggerty and Maschmeyer trust attorneys have the experience and familiarity with Indiana laws to help you understand the pros and cons of your trust options. By carefully reviewing your goals and issues, we work with you to ensure your assets are transferred in the manner you feel is most appropriate.
We are also experienced in all duties of a trust administrator, including management of assets, preparation of tax returns and investment of assets.
Schedule a free initial phone consultation and find out if trusts are right for you
A Haggerty, Haggerty and Maschmeyer attorney can help you decide whether trusts could be an effective estate-planning tool for you, and if so, which trust is best for you. Schedule your free initial consultation by calling us at 317.225.5327 or contact us online.