Estate Plan

During the creation of your estate plan, you will be required to make numerous decisions. Some of those decisions will seem relatively unimportant; however, others will have a direct impact on the success – or failure – of your overall estate plan. Among the more important decisions you will make are those that involve choosing a fiduciary. The Indianapolis estate planning attorney at Frank & Kraft explains the importance of choosing the right fiduciaries in your estate plan. What Is a … [Read more...] about The Importance of Choosing the Right Fiduciaries in Your Estate Plan

One of the many confusing things about estate planning for the average person is knowing when to create a plan. The simplest way to clear up the confusion is to explain that it is never too early to start working on an estate plan. Despite that oversimplification, there are certain stages in life when creating an estate plan is particularly important and/or when you need to update an existing estate plan. With that in mind, the Indianapolis estate planning attorneys at Frank & Kraft discuss … [Read more...] about Stages of Life When You Need an Estate Plan

Most people acknowledge that having an estate plan in place is important. Despite that acknowledgment, many Americans do not have an estate plan. One reason often given for this apparent contradiction is that the prospect of creating an estate plan can be an intimidating one. Everything from the overall goals you should include in a plan to the documents used in an estate plan are frequently unfamiliar. To help get you started with your estate plan, the Indianapolis estate planning attorneys at … [Read more...] about Estate Planning Steps

Creating an estate plan is important; however, making sure that the plan you create works as intended is equally important. Unfortunately, a significant percentage of estate plans fail. Moreover, about 70 percent of estate settlements are followed by asset losses or a reduction in family harmony, according to the 2007 book Estate Planning for the Post-Transition Period by Roy Williams and Vic Preisser. The Indianapolis estate planning attorneys at Frank & Kraft explain why estate plans often … [Read more...] about Why Do Estate Plans Fail?

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

When the importance of estate planning is discussed, the focus is usually on choosing goals and deciding which tools and strategies to use to achieve those goals.  People rarely discuss what you should do with your estate plan once it is complete. The Indianapolis estate planning attorneys at Frank & Kraft stress the importance of the steps you take with your estate plan after it is finished. What Is Included in a Comprehensive Estate Plan? The estate plan you create will be as … [Read more...] about What Should I Do with My Estate Planning Documents?

A living will is used to record your preferences with regard to the utilization of life-sustaining measures like feeding tubes, artificial hydration, and mechanical respiration. Another advance directive that is recommended is the durable power of attorney for health care or health care proxy. Every possible medical contingency will not be covered in the living will. To account for this, you can name someone to make medical decisions on your behalf through the execution of a durable power of … [Read more...] about Free Report: What Is Included In My Indiana Estate Plan