Indianapolis elder law attorneys offer many different kinds of assistance in planning ahead to protect your family and autonomy and to ensure financial security in your future. Many people do not realize the full scope of services that an elder law attorney can provide. We don’t just help elderly people – despite the name of this field of law – and we don’t just help with doing the obvious, like creating a will. We work with you throughout your life to create a comprehensive plan to build wealth, protect the people you love, and create a strong legacy.
Frank & Kraft has offered guidance to individuals and families at all ages and all income levels in finding out how to make legal tools work for them as they plan ahead for life’s uncertainties. Every plan that we create is personalized for each individual client, and we make certain that your plan is comprehensive enough to accomplish your goals. Five key things that our firm can do to help you plan for your future include the following.
Planning for Retirement
Making plans for retirement is vital to ensure you have financial security and aren’t left working longer than you want to. Frank & Kraft will help you to identify retirement goals and make plans to achieve those goals. We will also assist you with making use of IRAs and other accounts that give you tax breaks for investing, as these accounts can make it much easier to save for a secure retirement.
Ensuring Your Children Will be Cared for if Something Happens to You
If you have children who are not adults, you want to ensure you’ve named an appropriate guardian for them in case something happens to both parents. You don’t want your children’s future just left up to fate. You may also want to provide financially for your kids if something should happen to you. You can work with an experienced attorney to find out about purchasing life insurance and to determine how to appropriately structure an inheritance to a child.
Making a Plan in Case of Incapacity
If something happens to you, you need to have a plan in place so your family does not end up in court and so you don’t end up with the wrong people in charge of making important decisions on your behalf. You should make a plan for what kinds of medical care you will, and won’t, consent to so your family doesn’t have to make choices on whether to approve or deny lifesaving care. You can also use tools like a power of attorney or living trust to make certain that someone can manage your assets and make decisions on your behalf when you’re no longer able to act on your own accord.
Protecting your Nest Egg
When we help you to make the choices you need to build wealth, you will hopefully acquire a substantial amount of money and property. You want to identify the possible risks that could cause your wealth to be in jeopardy and use the right legal tools to protect what you have acquired. Our firm will help you to find ways to keep your assets safe from creditors, high nursing home costs, lawsuits against your business, and other threats.
Planning for your Legacy
You want to transfer wealth on to the next generation and we help to make that happen. We will work with you to reduce or avoid any estate tax that you might owe based on the size of your estate. We’ll help you to use tools like a last will and testament, trusts, pay-on-death accounts and joint ownership to facilitate the timely transfer of your wealth. And, if you have any concerns that require a specialized approach – such as a need for a business succession plan- we can help to ensure that you address the issues unique to you.
Getting Help from Indianapolis Elder Law Attorneys
Indianapolis elder law attorneys at Frank & Kraft are here to help you to make your personalized plans for the future. Whether you want to create a full incapacity plan, asset protection plan and legacy plan or you just want to get started with a few simple steps to protect your family and keep your wealth safe, we can tailor our services to suit your needs.
To find out about some of the many ways in which our legal team can help you to be prepared for a secure future, join us for a free seminar. You can also give us a call at 317-684-1100 or contact us online at any time to talk with a compassionate, knowledgeable attorney who will work with you on your personalized plans to accomplish your goals for your life and legacy.
Paul A. Kraft, Estate Planning Attorney
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
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