Every adult can benefit from having a comprehensive estate plan in place. If you are a single parent, however, estate planning is even more important to ensure that your child is protected and provided for if something happens to you. To help you get started, the Indianapolis attorneys at Frank & Kraft discuss estate planning for single parents. Why Do I Need an Estate Plan If I Am a Single Parent? Whether by circumstance or choice, being a single parent can be difficult, yet nothing … [Read more...] about Estate Planning for Single Parents
Every adult can benefit from having an estate plan in place, but estate planning is even more important for both active and retired military personnel. Along with the heightened risk of death or incapacity you face as a member of the military, you are also entitled to several unique financial benefits that should be included in your estate plan. With that in mind, the Indianapolis attorneys at Frank & Kraft discuss estate planning for military personnel. Basic Estate Plan … [Read more...] about Estate Planning for Military Personnel
If you have finally made an appointment to get started on your estate plan, you are to be congratulated. Your completed estate plan is one of the greatest gifts you can give to your loved ones and to yourself. Understandably, you may be a bit nervous about your appointment given that you have never met with an estate planning attorney. Although every consultation is unique, an Indianapolis attorney at Frank & Kraft offers some suggestions for how you can prepare for your first estate … [Read more...] about How to Prepare for Your First Estate Planning Appointment
Hopefully, you are already aware of the importance of having a comprehensive estate plan in place. A well thought out estate plan can protect you, your assets, and your loved ones both while you are alive and after you are gone. Relying on some common estate planning myths relating to what happens after you die, however, can cause your estate plan to fail. With that in mind, the Indianapolis attorneys at Frank & Kraft debunk some common estate planning myths to help prevent you from relying … [Read more...] about Estate Planning Myths: What You Think You Know May Hurt You
Like most people, you probably purchased your first term life insurance policy when you started your first “adult” job. Since then, you may have purchased additional term life insurance policies, purchased a different type of life insurance, and/or increased the death benefit on your original policy. Because life insurance often plays an integral role within an estate plan, the Indianapolis attorneys at Frank & Kraft discuss how life insurance fits into your estate plan. Types of Life … [Read more...] about How Does Life Insurance Fit into My Estate Plan?
While planning for the distribution of your estate assets is an integral part of any estate plan, a comprehensive estate plan can do much more. In fact, one of the most important things an estate plan can do for you is to ensure that your wishes are honored throughout your life and even after you are gone. To help you better understand, the Indianapolis estate planning attorneys at Frank & Kraft explain how to ensure that your wishes are honored through the art of estate … [Read more...] about The Art of Estate Planning: Ensuring Your Wishes Are Honored
For many people, the primary motivation for creating an estate plan is the desire to provide for loved ones in the event of death. Along with ensuring that your estate assets are passed down to your designated beneficiaries, a well thought out estate plan can also help make sure your beneficiaries receive those assets as soon after your death as possible. As the Indianapolis estate planning attorneys at Frank & Kraft explain, making use of the Indiana Transfer on Death Property Act is one … [Read more...] about What You Need to Know about the Indiana Transfer on Death Property Act
Every adult should have at least a rudimentary estate plan in place; yet, over half of all Americans do not. This is the case despite most of those without a plan acknowledging the need for one. Often, failing to understand why an estate plan is so important is the problem. To help keep you from making that mistake, the Indianapolis estate planning attorneys at Frank & Kraft explain what happens if you die without an estate plan in place. What Is an “Intestate” Estate? If you leave … [Read more...] about What Happens If I Die Without an Estate Plan in Place?
Grandparents are invaluable. They share their endless wisdom with you and often spoil their grandkids. While grandparents that spoil the grandkids are awesome, incapacitated grandparents with significant assets are a problem. Assets could be depleted, even stolen, leaving your grandparents destitute in their final years. While the idea of stepping in and taking over your grandparents’ finances and/or decision-making may make you uncomfortable, not doing so could put your grandparents at risk. … [Read more...] about How Estate Planning Can Protect Your Grandparents
Most people recognize the importance of estate planning; however, those same people often fall victim to the numerous and varied myths and misconceptions about estate planning. To help ensure that you, your family, and your assets are protected, the Indianapolis estate planning attorneys at Frank & Kraft debunk some common estate planning myths. “I Don’t Need an Estate Plan Yet” One of the biggest estate planning myths is the idea that you need to reach a certain point in your … [Read more...] about Debunking Estate Planning Myths