A well thought out estate plan can protect you and your loved ones while you are alive as well as after you are gone. For your plan to fully protect you and your loved ones though, you will need to contemplate a subject matter that will not be particularly comfortable –your own funeral and burial. The Indianapolis estate planning lawyers at Frank & Kraft explain why funeral planning should be part of your estate plan. The Cost of Dying Thinking of your death and funeral in terms of the … [Read more...] about Why Should Funeral Planning Be in My Estate Plan?
A Power of Attorney (POA) can help accomplish such a wide range of estate planning goals that you will likely include one in your plan at some point. Unfortunately, the familiar nature of POAs means that they are also frequently misunderstood, misused, and abused. Executing the wrong type of Power of Attorney can be a costly mistake. To help prevent you from making a mistake, the Indianapolis estate planning attorneys at Frank & Kraft help you to understand your Power of … [Read more...] about Understanding Your Power of Attorney
Although you may not realize it, there is a very good chance that you will need to qualify for Medicaid at some point in the future. If Medicaid eligibility is something you have never before had to worry about, you might find yourself facing the loss of significant assets should you need to rely in Medicaid at some point. To help prevent that from occurring, the Indianapolis Medicaid planning attorneys at Frank & Kraft explain what you need to know about Medicaid. The Cost of Long-Term … [Read more...] about What You Need to Know about Medicaid
Young couple shaking hands with salesman on the couch in the office Like many people, one of your primary estate planning goals will probably be to ensure that you leave behind sufficient assets that your loved ones are well cared for when you are gone. You may also wish, however, to have some continued influence over your loved ones, even in your absence. An Indianapolis trust attorney at Frank & Kraft explains how an incentive trust might be able to help you to retain a certain amount … [Read more...] about How Might an Incentive Trust Fit into Your Estate Plan?
For most people, estate planning begins with creating and executing a Last Will and Testament. While that sounds simple enough in the abstract, over half of all Americans do not have even a basic Will in place. One of the most common reasons people give for not having a Will is that they are unsure of where or how to begin. The best way to ensure that your Will accurately reflects your wishes and can withstand any challenges that might be raised during the probate process, is to work … [Read more...] about Steps to Take When Creating Your Will
Many people choose to include at least one trust in their comprehensive estate plan. If that includes you, one of the most important decisions you will need to make when creating your trust is who to appoint as your Trustee. In addition, you will need to decide how much discretion your Trustee will have. Toward that end, the Indianapolis trust attorneys at Frank & Kraft discuss how much discretion your Trustee should have. Trust Basics A trust is a relationship whereby property is held … [Read more...] about Trustee Discretion – How Much Is Too Much?
Do you need to apply for Medicaid for seniors in Indiana for yourself or for a loved one? If so, and you are unfamiliar with the Medicaid program, it can be a little intimidating. To help get you started, the Plainfield area Medicaid lawyers at Frank & Kraft explain how to apply for Medicaid in Indiana. Why Would I Need Medicaid? Throughout your working years, you may have relied on employer sponsored or privately purchased medical insurance to cover your medical expenses. As you … [Read more...] about How Do I Apply for Medicaid in Indiana?
There is a very good chance you will decide to incorporate at least one trust into your estate plan given how popular trusts are. In fact, you might choose to create a secret or semi-secret trust. A Plainfield area trust attorney at Frank & Kraft explains what a secret trust is and why you might want one. The Last Will and Testament Most people are familiar with the concept of a Will. At its most basic, a Will is a legal document that allows the Testator (person executing the Will) to … [Read more...] about Should I Create a Secret Trust?
As an adult child, watching your parent deteriorate physically and/or mentally can be heart-wrenching. If you are lucky, your parent will deteriorate slowly and never completely lose control of his/her faculties. Sometimes, however, a parent’s physical and mental condition reaches a point at which you may need to step in and take control to prevent serious injury or victimization. If you find yourself at that point with your father, it may be time to consider petitioning for guardianship over … [Read more...] about How Do I Become My Father’s Guardian?
Estate planning is something that every adult should think about and work on with an experienced estate planning attorney. For the parents of minor children, however, having an estate plan in place takes on heightened importance. Although no parent wants to dwell on the possibility that something could take them away from their children, the reality is that death or incapacity could do just that at any time and without warning. To help you get started with your estate plan, an Indianapolis … [Read more...] about Estate Planning for Parents with Young Children