Spending a lifetime amassing assets doesn’t do much good if you don’t then protect those assets from potential threats. Fortunately, there are a number of estate planning tools that can be used to protect assets, including a Domestic Asset Protection Trust (DAPT). To help you better understand, an Indianapolis asset protection planning attorney at Frank & Kraft explains how a DAPT helps protect your assets. DAPT Basics A domestic asset-protection trust (DAPT) is an irrevocable … [Read more...] about How a DAPT Can Help Protect Your Assets
Throughout the course of your lifetime you will likely need the assistance and/or guidance of several different types of attorneys. Often, it is clear what type of attorney you need based on the type of legal issue you have. For example, if you find yourself under arrest you clearly need to retain the services of a criminal defense attorney. Likewise, if you decide to end a marriage, you need a family law attorney to represent you in the divorce. With other types of legal matters, however, it … [Read more...] about What Do Probate Lawyers Do?
The loss of a spouse is one of the most emotional experiences you will probably have to go through over the course of your life. The last thing you may wish to think about while you are grieving the loss of a spouse is something as seemingly mundane as updating your estate plan. Failing to do so, however, could lead to some unintended and unwanted consequences. An Indianapolis estate planning attorney at Frank & Kraft discusses five estate plan documents you should update following the death … [Read more...] about 5 Estate Plan Documents to Update after the Death of a Spouse
If you own real property, and you want to keep that property out of probate after you are gone, creating the right type of co-ownership with your adult child may be a viable option. While you will get probate avoidance benefits by creating a joint tenancy, there are other factors you should consider before using that strategy for your real property. An Indianapolis estate planning attorney at Frank & Kraft explains the best way to co-own property with an adult child in Indiana. Does It … [Read more...] about What Is the Best Way to Co-Own Property with an Adult Child in Indiana?
Although you probably hope to spend your final years in the comfort of your own home, the reality is that the longer you live, the better your odds are of needing long-term care. To help you plan for that reality, the Indianapolis Medicaid planning attorneys at Frank & Kraft explain five steps you can take to ensure that you have prepared for the possibility that you will need long-term care in the future. Evaluate your health. Although most people cannot predict the need for … [Read more...] about 5 Steps to Long-Term Care Planning
Collectively, the documents that make up your comprehensive estate plan will likely be among the most important documents you ever create during your lifetime. Given how important they are, once they are prepared and ready to be utilized when necessary, what should you do with them? The Indianapolis estate planning attorneys at Frank & Kraft explain why your safety deposit box is not the safest place for your estate planning documents. Common Estate Planning Documents Your estate plan … [Read more...] about Your Safety Deposit Box Is Not the Safest Place for Your Estate Planning Documents
Trusts are frequently included in a comprehensive estate plan for a wide variety of reasons, including the fact that a trust can help an estate avoid probate. If you are the beneficiary of a trust, however, you may wonder if you can contest a trust. The Indianapolis trust attorneys at Frank & Kraft discuss when and how a trust can be contested. Trust Fundamentals A trust is a separate legal entity that owns and holds property for the benefit of one or more beneficiaries. A trust … [Read more...] about Can I Contest a Trust?
There is little doubt that estate planning can be a difficult and complex endeavor. People put off creating an estate plan for many reasons. Some do so because they do not want to face their own mortality while others simply find the prospect intimidating and confusing. Unfortunately, a recent Caring.com study shows that even fewer people are engaging in estate planning than were a few short years ago. The Indianapolis estate planning attorneys at Frank & Kraft explain the findings and … [Read more...] about Study Shows Less People Are Engaging in Estate Planning
If you are like the average person, you recognize the need to have a comprehensive estate plan in place, but beyond that estate planning remains somewhat of a mystery. Estate planning encompasses much more than just deciding how your estate will be distributed after you are gone. Likewise, an estate planning attorney can do much more for you than you probably realize. The Indianapolis estate planning attorneys at Frank & Kraft explain 10 things about estate planning that you might not … [Read more...] about Estate Planning – 10 Things You Might Not Already Know
Creating a comprehensive estate plan will likely be one of the most important endeavors you undertake over the course of your lifetime. When properly drafted and executed, an estate plan will protect you and your loved ones while you are alive, help protect and grow your assets, and provide for your family when you are gone. Estate planning is also a highly personal process that must take the needs of you and your loved ones into account. The Indianapolis estate planning attorneys at Frank & … [Read more...] about Considering Your Family’s Needs in Your Estate Plan