Although you will undoubtedly continue to rely on a Will within your estate plan, as your family and your estate grow you will need to incorporate additional tools into your estate plan in order to achieve a widening circle of goals. Among the most common of those additional tools is a living trust. While there are a seemingly endless number of reasons why you might want to include a living trust in your estate plan, the Indianapolis trust attorneys at Frank & Kraft explain five popular … [Read more...] about 5 Reasons to Create a Living Trust
In the United States, the divorce rate has hovered around 50 percent for some time now. Consequently, blended families that result from second (or subsequent) marriages have all but become the norm in the U.S. While estate planning is important for anyone with a family, it takes on heightened importance if you are part of a blended family. The Indianapolis estate planning lawyers at Frank & Kraft explain why you might need a QTIP trust if you remarry and create a blended family. Estate … [Read more...] about Why You Might Need a QTIP Trust If You Remarry
If you were appointed to be the Executor of the estate in the decedent’s Last Will and Testament, time is of the essence when it comes to safeguarding your loved one’s estate. As such, you need to get started in your role as Executor as soon as possible. If you have never served as an Executor, you may not know where or how to begin. To get you started, the Indianapolis probate attorneys at Frank and Kraft explain some common steps involved in probating an estate. Probate Basics Over the … [Read more...] about What Are the Steps Involved in Probating an Estate?
Decisions relating to a parent’s care can often spur conflict among siblings. If you find yourself in a situation where you and your siblings appear unable to agree on medical treatment or an overall care plan for your parent, what can you do? Are there any practical options that might help? What legal options do you have if a resolution becomes impossible? To help answer some of these questions, an Indianapolis elder law attorney at Frank & Kraft discusses what happens if siblings cannot … [Read more...] about What Happens If Siblings Can’t Agree on a Parent’s Care?
For some people, philanthropy is part of their everyday life. If you are one of those people, you may also wish to continue your charitable gifting after you are gone. With that in mind, an Indianapolis estate planning attorney at Frank & Kraft explains how you can incorporate charitable gifting into your estate plan. Passing Down Your Legacy through Charitable Gifts If philanthropy is part of your deeply held belief system, why not make it part of the legacy you hand down to your … [Read more...] about Leaving a Legacy of Charity
Protecting your estate assets to ensure they are available to pass down at the end of your life should be an important consideration in any comprehensive estate plan. One of the biggest potential threats to your estate assets occurs just after your death in the form of federal gift and estate assets. An Indianapolis estate planning attorney at Frank & Kraft federal gift and estate assets for those who are unfamiliar with how the tax is levied and collected. What Happens after Your … [Read more...] about Estate Taxes Made Easy
Although most of us prefer to envision living out our retirement years in our own home, the reality is that long-term care could be necessary at some point which makes planning for how you will pay for that care an important part of your estate plan. The Indianapolis Medicaid planning attorneys at Frank & Kraft discuss the advantages and disadvantages of purchasing long-term care insurance to cover the high cost of long-term care. Why Do I Need to Plan for Long-Term Care? The … [Read more...] about Do I Need Long-Term Care Insurance?
Like most people, you probably created a Last Will and Testament as the foundation of your estate plan. At some point, you may also want to add a Living Will to that plan to ensure that your wishes will be honored regarding end-of-life healthcare decisions. Toward that end, the Indianapolis estate planning attorneys at Frank & Kraft suggests when you need a Living Will. Advance Directive Basics An advance directive is a legal document that allow you to plan ahead and make your own … [Read more...] about When Should I Execute a Living Will?
Members of the LGBT community and their supporters have finally achieved some tangible results in their battle for equality in recent years. Does that mean that the heightened need for estate planning is no longer applicable to members of the LGBTQ+ community? Not necessarily. While the recent victories are cause for rejoicing, estate planning remains important for members of the LGBTQ+ community according to the Indianapolis estate planning attorneys at Frank & Kraft. Recent LGBT … [Read more...] about LGBTQ+ Estate Planning Remains Necessary
One of the many consequences of the elderly population explosion is the corresponding increase in the need for healthcare services aimed at seniors. Specifically, the need for long-term care has increased dramatically in recent years. Most seniors, however, would prefer to put off, if not avoid completely, the need for nursing home care. Fortunately, as the Indianapolis elder law attorneys at Frank & Kraft explain, there are alternatives to a nursing home for those seniors who … [Read more...] about What Are the Alternatives to Entering a Nursing Home?