When you consult with an estate planning attorney to create or update your estate plan, consider adding probate avoidance tools and strategies into your plan. While there are several important reasons to do what you can to allow your estate to avoid probate, the overall cost of formal probate should be enough of a reason to make probate avoidance one of your estate planning goals. To further elaborate, the Indianapolis attorneys at Frank & Kraft discuss how much it costs to probate an estate … [Read more...] about How Much Does It Cost to Probate an Estate in Indiana?
From the moment parenthood became a reality, your focus likely shifted towards safeguarding and providing for your child. This protective instinct extends to your estate plan, ensuring financial security for your child in the event of your incapacity or untimely death. Merely bequeathing an inheritance is insufficient. As emphasized by the Indianapolis attorneys at Frank & Kraft, it is crucial to give considerable thought to managing your child’s inheritance within your estate … [Read more...] about Tips for Managing a Child’s Inheritance
Having a comprehensive and up to date estate plan in place should be a goal for all adults. The estate plan you create, however, should be uniquely tailored to accomplish your individual goals and to reflect your life, assets, and loved ones. For artists, the assets they need to protect often require equally creative estate planning tools and strategies. If you are an artist, the Indianapolis attorneys at Frank & Kraft discuss how estate planning can help artists protect their … [Read more...] about Estate Planning for Artists: How to Protect Your Creations
Impacting over five percent of all seniors, financial fraud and exploitation rank as the most prevalent forms of elder abuse and neglect, according to the U.S. Department of Justice. Unfortunately, for each reported instance of elder financial exploitation, experts estimate an alarming 44 cases go unreported. One common avenue for senior financial exploitation involves identity theft, a tactic that disproportionately affects older individuals. In an endeavor to combat elder financial … [Read more...] about Seniors Guide to Preventing Identity Theft
Dealing with the aftermath of a loved one's passing involves not only emotional challenges but also navigating the legalities of the probate process. If the decedent left behind a Last Will and Testament, you may question the validity of that document, potentially leading to a Will contest. With that in mind, the Indianapolis attorneys at Frank & Kraft discuss what you need to know about contesting a Will in Indiana. Challenging a Will in Indiana When a person passes away, the estate … [Read more...] about Contesting an Indiana Will: What You Need to Know
Estate planning serves several crucial purposes, such as ensuring the organized distribution of assets after one's passing, protecting assets during one's lifetime, and providing financial security for loved ones in the event of death or incapacity. A comprehensive estate plan often utilizes various tools to achieve these objectives. For some people, a postnuptial agreement is one of those tools. With that in mind, the Indianapolis attorneys at Frank & Kraft discuss how a postnuptial … [Read more...] about How Does a Postnuptial Agreement Fit into My Estate Plan?
As the aging population in the United States continues to increase, the topic of long-term care is one that touches most families as they discuss ways to prevent the need for long-term care and strategies for financing it when it becomes unavoidable. Many people are unaware of the diverse options accessible to support seniors requiring assistance but who are not yet at the point where nursing home care is necessary. One of those options is home health services. To help you decide if it’s a … [Read more...] about Indiana Home Health Services: What You Need to Know
At some point during your lifetime, you will likely contemplate co-owning property with someone. The subject may arise when you get married and want to jointly own property with your spouse, when you start or grow a business and wish to co-own business assets with a partner, or because a parent wishes to put you on the deed to a home for practical reasons. Regardless of the reason for co-owning property, you will need to create an ownership document, such as a deed or title, when you purchase … [Read more...] about Understanding Joint Ownership in Indiana
Your estate plan serves as a guide for how your assets will be distributed after your passing. In addition to addressing the post-mortem allocation of assets, other facets of your estate plan may center on asset growth during your lifetime, appointing someone to manage your assets in the event of incapacity, and safeguarding your assets against potential threats like estate taxes and the expenses associated with long-term care. Considering the pivotal role your assets play in your estate plan, … [Read more...] about Digital Estate Planning: What You Need to Know
Securing the financial well-being of your loved ones in the face of unforeseen circumstances is a pivotal motive behind establishing a comprehensive estate plan. A critical component of achieving this objective involves consistently updating the designated beneficiaries throughout your estate plan. Neglecting to keep beneficiary information current can jeopardize the success of your estate planning endeavors. In this context, the Indianapolis attorneys at Frank & Kraft encourage you to … [Read more...] about Is It Time to Review Your Beneficiaries in Your Estate Plan?