While ensuring that tangible possessions are handled according to your wishes is typically addressed in a conventional estate plan, your estate planning goals may extend beyond the distribution of physical assets. You might also seek to pass down intangible concepts that transcend material wealth, such as values, principles, convictions, and faith, which have significantly influenced and guided your life. The good news is that you can incorporate these non-material aspects into your estate plan, … [Read more...] about How to Pass Down Your Legacy in Your Estate Plan
You probably understand the importance of estate planning and the role it plays in your life; however, you may be unfamiliar with the concept of legacy planning. Legacy planning lets you leave behind much more of who you are and what made you the person you are today. The Indianapolis legacy planning attorneys at Frank & Kraft explain what legacy planning is and why you might want to incorporate it into your existing estate plan. Traditional Estate Planning A traditional estate plan … [Read more...] about How Can I Leave My Legacy Behind through Estate Planning?
The process of legacy planning can be quite rewarding on a number of different levels. When you are proactive about shaping your legacy, you are celebrating your life as you prepare to cast a long shadow after you are gone. Preserving Wealth Wealth preservation can be part of the equation when you are putting your legacy plan together. Even if you have worked hard to make sure that your loved ones will have a comfortable pathway through life, you cannot rest easy. High net worth … [Read more...] about Legacy Planning: Four Facets to Consider
As you go through life, you want to make a positive impression and make a difference in a number of different ways. You may have specific career goals, you want to be a good member of the community, and you certainly want to raise your children well. This mentality can be applied to your estate planning efforts. There is a more comprehensive form of estate planning that is called legacy planning. When you look at the bigger picture, you can do everything possible to have a lasting influence, … [Read more...] about Legacy Planning: The Bigger Picture
You can look at estate planning in one of two ways. The bare-bones approach is to simply arrange for asset transfers to your loved ones after you are gone. However, you can take a more comprehensive approach and engage in the process of legacy planning. Throughout your life, you have made an impact in many different ways. This influence can be felt even after you pass away if you carefully shape your legacy. Charitable giving can be one way to make a difference. There are various different … [Read more...] about Acts of Charitable Giving Can Enhance Your Legacy
What is Indiana Legacy Planning from Paul Kraft Legacy planning is a more comprehensive form of estate planning. Learn more about legacy planning in this presentation. … [Read more...] about What is Indiana Legacy Planning?
It is possible to take estate planning a step further and engage in the process of legacy planning. This is a more comprehensive effort, and when you craft your legacy, you shape the way that you will be remembered. Topics covered in this report include: Tax ConsiderationsEducational OpportunitiesPhilanthropic ActsFamily HeirloomsEthical WillPersonal Memoirs Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What is Legacy Planning in Indiana?
Estate planning attorneys emphasize the fact that planning your estate is a dynamic process. It is not a "one and done" affair. You should create an ongoing relationship with your estate planning lawyer and be prepared to make changes to your plan over the years as things change. Changes to the tax code could render your existing estate plan obsolete. With this in mind, you should be aware of some of the changes to the estate tax parameters that have been proposed within the … [Read more...] about White House Releases 2015 Budget; Estate Tax Changes Proposed
Everyone is going to pass away, but we all make an impact that persists even after we are gone. This imprint is going to be felt organically, but there are steps that can be taken to strengthen the legacy that you will be leaving behind. Let's look at some of the steps that you can take to preserve your legacy in Indianapolis. Indianapolis Legacy Planning Address Estate Tax Exposure Your legacy is not entirely financial, but the financial part of the equation does exist. The … [Read more...] about Indianapolis Legacy Planning: What Steps Can I Take to Preserve My Legacy?
As we observed Veterans Day on November 11th (and throughout the month as a whole) we are reminded of the sacrifices that are made by our country's veterans so that we can all remain free. Generations of service members have contributed to the ongoing freedoms that Americans enjoy. As we observe this important holiday, we would like to touch upon estate planning and elder law as it applies to veterans. Legacy Planning When you are planning your estate you should consider the matter … [Read more...] about Veterans Estate Planning, Elder Law & Veterans Day