Estate Planning

Navigating the decision of whether to include your adult child on the deed to your home is a significant aspect of planning for the complexities of aging and securing the future of your assets. Among these assets, your home holds immense value, both financially and sentimentally, making it a focal point of your estate planning considerations. While the idea of ensuring your child inherits your home might seem straightforward by adding them as a co-owner now, there are several important factors … [Read more...] about Things to Consider Before Adding Your Adult Child to the Deed to Your Home

Estate planning is a crucial aspect of financial management that ensures your assets are distributed according to your wishes after you pass away. Many people, however, make avoidable mistakes that can lead to unintended consequences, delays, and unnecessary expenses for their heirs. To help you avoid making them, the Indianapolis attorneys at Frank & Kraft discuss common estate planning mistakes. Procrastination One of the most common mistakes people make is procrastinating on estate … [Read more...] about Avoid These Common Estate Planning Mistakes

If you have a furry family member, you are among the majority of households in the United States. Even among pet-friendly countries, the U.S. stands out for its love of furry friends. Because your furry family members hold a special place in your heart and your family, it is essential to safeguard their well-being in case something happens to you. Incorporating your pets into your estate plan ensures their continued welfare even when you are no longer able to provide or care for them yourself. … [Read more...] about How to Protect Your Furry Family Members in Your Estate Plan

Estate planning is a complex, yet crucial, process that can be made even more challenging by frequent trips away from home. When creating or updating an estate plan, it is essential to address the unique considerations that come with frequent travel. To make sure that your estate plan addresses your needs and goals, the Indianapolis attorneys at Frank & Kraft, discuss some estate planning tips specifically geared toward frequent travelers. Estate Planning Tips for Frequent Travelers A … [Read more...] about Estate Planning for Frequent Travelers

Most people think of estate planning in terms of the need to decide how the assets they own at the time of their death will be distributed to their loved ones. For some people, however, they must also consider assets that continue to accumulate after they pass away, otherwise known as residual income. To ensure that you have considered all your assets when you create your estate plan, the Indianapolis attorneys at Frank & Kraft discuss estate planning for people who expect to include … [Read more...] about Estate Planning for Residual Income

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

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

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

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