If you do not yet have an estate plan in place, you have probably had to listen to well-meaning friends and family members nagging you about getting started on one. They do mean well, and you do realize you need a plan, so why not just use a few “Do-It-Yourself” forms you find on the internet to get your plan started? Although that may sound like a perfect solution, the Indianapolis estate planning attorneys at Frank & Kraft explain the hidden dangers inherent in DIY estate planning. Why … [Read more...]
What Is a Letter of Instruction?
When drafted properly, a well thought out estate plan can accomplish a number of inter-related goals. The estate planning process, however, is something that never really ends. Instead, your estate plan should evolve over time and grow along with you, your family, and your estate. As times goes by, you will likely find that you need to include additional estate planning tools and strategies in order to fulfill the needs of your growing family and address the ever-changing goals you have for your … [Read more...]
How Do I Know If My Estate Has Enough Liquidity?
A well-drafted estate plan will accomplish a wide range of estate planning goals that go beyond just deciding how your estate assets are to be distributed after you are gone. Protecting those assets while you are alive and ensuring that they are immediately available to your loved ones when they need them after your death should also be priorities within your estate plan. To ensure that your loved ones will have access to sufficient assets to cover living expenses after you are gone, you must … [Read more...]
