Estate Planning

If you have an estate plan in place already, you are ahead of over half the population in the United States. Taking the time to create that plan, however, is only the first step toward protecting everyone and everything that is important to you. You must also update your plan for it to be successful and work as intended. For example, the Indianapolis estate planning attorneys at Frank & Kraft explain the importance of updating your beneficiary designations. Where Are the Beneficiaries in … [Read more...] about Why It Is Important to Update Your Beneficiary Designations

Thinking about your own funeral may not be something you want to do; however, it may be something you need to do, both for your sake and for the sake of your loved ones. When you do take the time to contemplate your funeral and burial, purchasing a pre-paid funeral contract may sound like an easy solution to an uncomfortable task. An Indianapolis estate planning attorney at Frank & Kraft explains why a pre-paid funeral contract may not be the right option for you. Do I Need to … [Read more...] about Is a Pre-Paid Funeral Contract Right for Me?

Having an estate plan in place is one of the best gifts you can give to yourself and to your loved ones. Having never worked on an estate plan before, however, you may feel a little intimidated about your upcoming appointment. To help put you at ease, and to make the most out of your appointment, the Indianapolis estate planning lawyers at Frank & Kraft offer you the following tips on preparing for your upcoming consultation. Define your goals –  when you think about estate planning, … [Read more...] about Preparing for Your First Meeting with an Estate Planning Attorney

Collectively, the documents that make up your comprehensive estate plan will likely be among the most important documents you ever create during your lifetime. Given how important they are, once they are prepared and ready to be utilized when necessary, what should you do with them? The Indianapolis estate planning attorneys at Frank & Kraft explain why your safety deposit box is not the safest place for your estate planning documents. Common Estate Planning Documents Your estate plan … [Read more...] about Your Safety Deposit Box Is Not the Safest Place for Your Estate Planning Documents

If you are a grandparent, you may wish to include your grandchildren in your estate plan. Doing so, however, can be tricky and may cause you a certain amount of internal conflict. To help you decide how to handle gifting to your grandchildren, the Indianapolis estate planning attorneys at Frank & Kraft offers top tips for gifting to your grandchildren. Do not wait until you are gone.  If your long-term plan is to pass down a portion of your estate to your grandchildren, make why not make … [Read more...] about Tips for Gifting to Grandchildren

You have probably watched or heard an advertisement on television or radio for reverse mortgages. These ads are hard to miss as they seem to be everywhere, and they make a reverse mortgage sound very attractive for senior citizens living on a modest fixed income. Is a reverse mortgage as good an idea as the ads make them sound? The Carmel estate planning attorneys at Frank & Kraft explain how a reverse mortgage works. What Is a Reverse Mortgage?  For seniors who have equity … [Read more...] about Should I Agree to a Reverse Mortgage?

Estate planning is something that every adult should think about and work on with an experienced estate planning attorney. For the parents of minor children, however, having an estate plan in place takes on heightened importance. Although no parent wants to dwell on the possibility that something could take them away from their children, the reality is that death or incapacity could do just that at any time and without warning. To help you get started with your estate plan, an Indianapolis … [Read more...] about Estate Planning for Parents with Young Children

Creating a comprehensive estate plan is one of the most valuable gifts you can give to yourself and to your loved ones. An estate plan that functions as intended will protect your assets and help them grow over the course of your lifetime as well as ensure that your loved ones are provided for in the event of your death or incapacity. If you have an estate plan in place already, however, you are not done yet because reviewing and revising your existing estate plan is just as important as … [Read more...] about Estate Plan Updates for Seniors

According to the Pew Research Center, there are close to 20 million cohabitating adults in the United States as of 2019. A growing number of those are people over the age of 50. In fact, the number of cohabitating couples over age 50 grew 75 percent in just ten years. An Indianapolis estate planning attorney at Frank & Kraft explains why estate planning is essential for cohabitating couples. The Changing Times Not all that long ago it was almost unheard of for two unmarried people of … [Read more...] about Are You Cohabitating? If So, Estate Planning Is Essential

Just about everything you do leaves a digital trail anymore. Moreover, almost everything important to us can be stored in some type of electronic format. What happens to that digital trail and those electronic files when you die? Do you want someone to be able to access them? Conversely, do you want to ensure that no one can access them? Can anyone access those accounts without your permission after your death? A Carmel estate planning attorney at Frank & Kraft explains why it is important … [Read more...] about Digital Assets – Are They Included in Your Estate Plan?