Experts tell us that by the year 2050, the older population (age 65 and older) will outnumber their younger counterparts (age 21 and younger) for the first time in history. The growing senior population has caused a corresponding increase in legal issues that impact the elderly. While older adults face many of the same legal issues as younger adults do, they also have some unique legal issues. An Indianapolis elder law attorney at Frank & Kraft answers five common elder law … [Read more...] about 5 Common Elder Law Questions Answered
About Paul A. Kraft, Estate Planning Attorney
Does an Irrevocable Trust Pay Capital Gains Taxes?
One of the most common additions to a well thought out estate plan is a trust because a trust can accomplish such a wide range of estate planning goals. To know whether a trust could be a beneficial addition to your estate plan, you need to better understand your trust options and the role taxes play when trust assets are sold by different types of trusts. An Indianapolis trust attorney at Frank & Kraft explains how capital gains taxes are treated when you create an irrevocable … [Read more...] about Does an Irrevocable Trust Pay Capital Gains Taxes?
Tips to Help Seniors Avoid Holiday Scams
During the holidays people make an extra effort to be friendly and really embrace the spirit of the season. Unfortunately, it is also prime time for scam artists. Although they may target anyone, these predators frequently target the elderly, particularly during the holiday season. The Indianapolis elder law attorneys at Frank & Kraft offers tips to help seniors avoid becoming the victim of holiday scams. What Makes the Holidays Prime Scam Season? Why are scammers more prolific during … [Read more...] about Tips to Help Seniors Avoid Holiday Scams
How Do I Modify My Living Trust?
Like many people, you may include a living trust in your estate plan. As the Settlor of the trust, you appoint the Trustee, designate the trust beneficiaries, and dictate the terms used to administer the trust. You will also choose how you wish to fund the trust. No matter how much thought you put into making all those initial decisions, circumstances may change in the future causing you to want to modify your trust. To explain how that works, an Indianapolis trust attorney at Frank & Kraft … [Read more...] about How Do I Modify My Living Trust?
Things to Consider Prior to Creating a Trust
Although a Last Will and Testament will likely remain the foundation of your estate plan, as both your family and your estate grow, so will your estate plan. Additional estate planning tools and strategies will be incorporated into your plan to ensure that all your estate planning goals are met. One of the most common tools is a trust. If you decide to include a trust in your estate plan, you should work with an experienced trust attorney during the creation of the trust. In the meantime, … [Read more...] about Things to Consider Prior to Creating a Trust
Estate Planning for Seniors
Every American should have a comprehensive estate plan in place. For seniors, the need for planning is heightened. If you are a senior and have yet to create a plan, there is no time like the present to do so. Understanding why an estate plan is so important should provide the motivation to get you started. The Indianapolis estate planning attorneys at Frank & Kraft explain what seniors need to know about estate planning. Why Is Estate Planning Crucial for Older Americans? When you … [Read more...] about Estate Planning for Seniors
How Much Does Probate Cost?
One of the most popular estate planning goals is probate avoidance. One of the most common reasons why people want to avoid probate is the cost involved in administering an estate. To better help you understand why avoiding probate is so desirable, the Indianapolis estate planning attorneys at Frank & Kraft explain how much probation the average estate could cost. What Is Involved in Administering My Estate? When you die, you will leave behind a legal estate consisting of all assets … [Read more...] about How Much Does Probate Cost?
Gifting to a Grandchild with Special Needs
Grandparents play a unique role in the lives of their grandchildren. Typically, they get to have all the fun with little of the responsibility where their grandchildren are concerned. At the same time, they can pass down their wisdom and life lessons to their grandchildren, providing them with invaluable advice and guidance. Grandparents also frequently include their grandchildren in their estate plans. The Indianapolis special needs planning attorneys at Frank & Kraft explain why it is … [Read more...] about Gifting to a Grandchild with Special Needs
5 Reasons to Consult With an Elder Law Attorney
The older population in the United States has increased rapidly in recent years and is expected to continue to grow in the coming decades. As the number of seniors swells, legal issues related to the elderly and to those who care for them have taken on heightened importance. Because the area of elder law is such a relatively new area of the law though, many people don’t even recognize that they need an elder law lawyer when they encounter one of these issues. To help remedy that, a Carmel elder … [Read more...] about 5 Reasons to Consult With an Elder Law Attorney
“Movember” Is a Good Time to Review Your Estate Plan
The month of November, also known as "Movember," is all about men's health awareness. During Movember mustaches grow longer. Those mustaches turn men into walking, talking billboards for men’s health to bring attention to prostate cancer, testicular cancer, mental health, and suicide prevention. The Indianapolis estate planning attorneys at Frank & Kraft encourage you to review your estate plan during Men’s Health Awareness Month this Movember to make sure it protects you, your assets, and … [Read more...] about “Movember” Is a Good Time to Review Your Estate Plan
