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Vehicles of Asset Transfer: Choose the Optimal Solutions

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					Vehicles of Asset Transfer: Choose the Optimal Solutions

You have options when you are arranging for the transfer of assets to your loved ones.

In this instance we are not talking about the choice of a single vehicle of transfer. It is possible to
actually transfer assets to various people on your inheritance list in different ways based on the
proclivities and personal circumstances of each recipient.

The point of comprehensive, truly informed estate planning is to make sure that all of your loved ones
are provided for optimally. It is not always a good idea to give everyone on your inheritance list a direct
bequest with no strings attached.

There is the matter of potentially burning through an inheritance too quickly. Some people are
spendthrifts, and you could have concerns about a loved one who is simply not a very good handler of
money.

One can create a spendthrift trust for the benefit of such a relative. He or she would receive
distributions from the trust in accordance with your wishes as stated in the trust agreement. However, a
trustee that you appoint will handle the funds; the beneficiary will not have access to the principal.

Some people create incentive trusts for the benefit of family members. With these trusts you include
stipulations that must be met before distributions are made.

Special needs planning is another consideration. If you simply give a direct inheritance to a person with
a disability who is receiving government benefits to help pay for his or her care you could be
jeopardizing this individual's benefit eligibility.

There is a solution for every scenario. The key is to discuss everything in detail with a seasoned and
savvy Indianapolis estate planning attorney. Your lawyer will gain an understanding of your concerns
and map out a multifaceted plan that ensures the well-being of those that you love.

Experienced estate planning attorneys Indianapolis IN of the Frank & Kraft Attorneys at Law offers
estate planning and business planning resources to residents of Indianapolis IN. To learn more about
these free resources, please visit http://www.frankkraft.com today.

				
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Description: You have options when you are arranging for the transfer of assets to your loved ones. In this instance we are not talking about the choice of a single vehicle of transfer