Estate planning is a process. It starts with your decision to prepare yourself and your family for the future. It can involve everyone important in your life - your family, your significant other, your friends, and maybe even the organizations most important to you. It also involves your assets and your property, and the various forms of ownership and title that those assets may take. It also involves deciding who should care for you and what decisions should be made regarding your life when you cannot make those decisions yourself.
Estate planning will determine:
Who will take of you if you cannot
Who will manage your assets if you cannot
Who your assets will be distributed to
How your assets will be distributed
How your loved ones will be taken care of
Everyone needs estate planning. Do not believe that just because you may not have a substantial amount of assets you do not need to plan your estate. Your estate is not just about your property and assets; it includes you and everyone and thing that you love and care about. That is why it is so important to make sure that you take plan ahead.
Steciuch Law offers emergency services for those who need estate planning documents immediately and time is of the essence.
Trusts and Trust Administration
Everyone should have an estate plan. Even if you own absolutely nothing at all, you still need to have all the right documents in place in order to take ensure that you are taken care of by the people of your choice and that those people know what your wishes are. However, some people need more estate planning than other. People with businesses, real property and large amounts of assets generally require greater and more complicated forms of estate planning. This almost inevitably involves one of the most common forms of advanced planning: trusts.
A trust is a fiduciary relationship in which one party, known as the grantor or settlor, gives another party, the trustee, the right to hold title to property and assets for the benefit of a third party, the beneficiary. This is enshrined in a legal document that is often referred to as the declaration of trust or trust agreement. The trust agreement establishes how the trust is to be administered, how assets should be distributed and who is entitled to those assets. Trusts can either be revocable, alterable or canceleable by the grantor, or irrevocable, unable to modified or terminated without the permission of the beneficiary.
But what exactly do trusts do? The answer is that there is very little trusts cannot do. Trusts can be used to: avoid having to go to probate after a person passes away, protect assets from creditors, provide dead hand control of assets, qualify individuals for government benefit programs, retain tax benefits between married individuals, pay out assets over a long period of time to beneficiaries, and much more
Trusts can be useful in many situations and you may benefit from having one depending on your needs.
Probate is the legal process that takes place after a person dies. In Indiana, the Probate Court handles all matters regarding the deceased's estate. The Probate process includes:
Opening an estate on behalf of the deceased
Validating the deceased's will
Paying off creditors and debts
There are many other responsibilities and duties that are involved in the Probate process. Probate has many downsides and is generally considered costly, time-consuming and best avoided for most people.
DISPUTES & EVICTIONS
Steciuch Law offers a variety of services to both Landlords and Tenants. Our law firm handles evictions, notices, communications and other formalities required in both evicting and collecting damages from a tenant.
On the other side, Steciuch Law can also help tenants recover their security deposit, fight unlawful evictions and work with landlords to make their properties safe and hospitable.
Click here to learn more about how Steciuch Law can help you with your Landlord/Tenant Disputes and Evictions.
In many cases, small claims cases are handled by each of the parties, pro se, which means without an attorney in a special court. The maximum amount of a judgment that can be awarded in small claims matter is $6000. While parties may proceed without an attorney, certain Indiana judicial rules apply to business entities such as Corporations, Limited Liability Companies and Limited Liability Partnerships that require a business to be represented by counsel if the value of the award they are seeking exceeds $1,500.
Emergency / Critical Need Services
Mobility and health issues can be a huge hurdle to receiving proper counsel. In order to ease this burden, our firm is flexible in scheduling appointment locations. We regularly meet clients at their homes or in care facilities; we’d be happy to accommodate you as necessary. We also offer emergency sessions for times when it is critical that you meet with an attorney as soon as possible.