Despite the fact that we ourselves age, we expect that our parents will forever remain middle-aged. If a parent starts to show signs of physical and/or mental deterioration that often goes along with the natural aging process, we are forced to address the reality that they are aging. If that is where you are with your parent, it may be time to find a caregiver for your parent. If so, an Indianapolis elder law attorney at Frank & Kraft offers suggestions for how to find the right caregiver … [Read more...] about How to Find the Right Caregiver for a Parent
As the population of older Americans continues to increase dramatically. Unfortunately, that also means that elder abuse is also a growing problem. One type of elder abuse that is often underreported is elder financial exploitation. Predators take advantage of the fact that it is an uncomfortable topic of conversation. To help prevent you or a loved one from becoming a victim, the Indianapolis elder law attorneys at Frank & Kraft discuss what you need to know about financial … [Read more...] about What You Need to Know about Elder Financial Exploitation
Creating a comprehensive estate plan is typically a complex process. When done correctly, it is also a process that never really ends. Instead, your estate plan should evolve over time and grow along with your family and your estate. As your plan evolves, you will likely find the need to include additional estate planning tools and strategies that help you accomplish additional goals and fulfill the needs of your growing family. Despite the abundant tools available to help you with your estate … [Read more...] about Using a Letter of Instruction to Supplement Your Estate Plan
Each year, we celebrate Hispanic Heritage Month in the United States from September 15 through October 15th. Along with partaking in the numerous and varied festivals and activities planned for Hispanic Heritage Month, the Indianapolis estate planning attorneys at Frank & Kraft encourage you to consider celebrating by sitting down and creating an estate plan to protect yourself, your assets, and your loved ones. What Is Hispanic Heritage Month? Hispanic Heritage Month began in 1968 as … [Read more...] about Celebrate Hispanic Heritage Month by Creating an Estate Plan
While it is always important to focus on how your estate assets will be passed down to loved ones, it is equally important to incorporate tools and strategies in your estate plan that help to protect those assets while you are alive. Asset protection planning should be included in your estate plan throughout your lifetime; however, when you reach your retirement years, you may need to review and revise some of your asset protection planning tools and strategies. To help you better … [Read more...] about Ready to Retire? If So, Are Your Assets Protected?
One of the most valuable gifts you can give to your loved ones – and to yourself – is a well-drafted and comprehensive estate plan. Not only will it ensure that your wishes are honored regarding your assets after you are gone, but it can also protect you and your family while you are still here. To help make sure you have a successful estate plan in place, an Indianapolis estate planning attorney at Frank & Kraft explains four estate planning mistakes you can avoid making. Failing to … [Read more...] about 4 Estate Planning Mistakes You Can Avoid Making
You have probably been counseled by well-meaning friends and family members about the importance of executing at least a basic Last Will and Testament. Unless you understand why that is so important, however, you may lack the motivation to get started on your Will. With that in mind, the Indianapolis estate planning attorneys at Frank & Kraft explain what happens to your estate assets if you die intestate in Indiana. What Is a Last Will and Testament? A Last Will and Testament is a … [Read more...] about What Happens to My Assets If I Die Intestate in Indiana?
The longer we live, the higher the chance of needing some type of long-term care services. No one wants to end up in a nursing home facility; however, if an elderly loved one needs care that you cannot provide by yourself, you may be reluctantly considering a nursing home. Before you commit to nursing home care, the Indianapolis elder law attorneys at Frank & Kraft explain some alternative options for elder care. Community Services Many communities offer a variety of community-based … [Read more...] about What Options Are Available for Elder Care?
Amassing assets alone does not ensure a comfortable retirement or a financially secure future for loved ones after you are gone. You must also take steps to protect the assets you acquire. One important way to maximize the assets you can pass down to loved ones is to include tax avoidance strategies in your comprehensive estate plan. Doing so can reduce, or even avoid, a hefty tax obligation for you, your estate, and even your beneficiaries. Understanding how the “basis” of an asset is … [Read more...] about Understanding How Basis Impacts the Transfer of Property
When a loved one passes away, the person appointed as the Executor in the decedent’s Last Will and Testament has several important responsibilities during the administration of the estate. One of those responsibilities is to determine whether the estate owes federal gift and estate taxes, and if so to pay them. To help you fulfill your role as Executor, the Indianapolis probate attorneys at Frank & Kraft offer some practical information related to paying federal gift and estate … [Read more...] about How Does an Estate Pay Federal Gift and Estate Taxes?