Trusts are frequently incorporated into a comprehensive estate plan. If you decide to incorporate a trust into your estate plan, you will need to appoint someone to be the Trustee of the trust. Your choice of Trustee is extremely important because your Trustee will be in a fiduciary role. There are several ways a Trustee can violate the duties that come with that fiduciary role. The Indianapolis trust administration attorneys at Frank & Kraft explain what it means if a Trustee is accused of … [Read more...] about What Does It Mean If a Trustee Is Accused of Self-Dealing?
Starting a small business is a dream come true for many people. If you are hoping to realize the American dream of becoming an entrepreneur, planning ahead is the key to the long-term success of your business. This is especially true if you plan to pass the business down to the next generation. In fact, the lack of planning is one of the leading reasons why so many family businesses fail to make a successful transition from one generation to the next. There are a number of strategies you can use … [Read more...] about Is a Family Limited Partnership Right for My Business?
Creating an estate plan can be an intimidating prospect if you know nothing about estate planning. In fact, one of the most common reasons people offer for not having an estate plan in place is that they simply don’t know where or how to start. Because every estate plan is uniquely geared toward the specific needs and goals of the creator, you should always consult with an experienced estate planning attorney when you are actually ready to get started on your plan. In the meantime, however, it … [Read more...] about Documents Needed for Estate Planning
If you are a parent, you likely plan to pass down some, or all, of your estate assets to your children upon your death. If your children are still minors they cannot inherit directly from your estate; however, once they are legal adults you can leave assets directly to them within your estate plan. Just because you can though doesn’t mean it’s the best idea. In fact, the Carmel living trust attorneys discuss why you might not want to leave your children a lump sum inheritance in your … [Read more...] about Should I Leave My Children a Lump Sum Inheritance?
An Indianapolis Medicaid lawyer helps seniors to make sure they can qualify to get covered by Medicaid if they require nursing home care or other costly care that Medicare will not pay for. Millions of seniors rely on Medicaid to cover nursing home care costs, and Frank & Kraft provides help to those who want to plan ahead and make sure they can get Medicaid coverage as a senior, without first having to spend all of their personal wealth on nursing home care in order to qualify for … [Read more...] about Will Health Reform Change Medicaid?
Indianapolis nursing home attorneys can provide help with making a nursing home plan. Making a plan is important not only for people who believe that the need for nursing home care is imminent, but also for people who may some day need to get care in a nursing home environment. Frank & Kraft will work with individuals and families to determine both if a nursing home plan is needed and to determine what legal tools should be used in the creation of a plan. It is best to make your … [Read more...] about Why is Nursing Home Planning So Important?
If you are in the process of creating a will, it won’t be long before you need to answer this question: who will you choose as the executor? Of course, if you’ve created this legal arrangement in the past, you’ve already made this decision. In some cases, even if you already have an executor in place, you may need to make a change. For example, this is necessary in the event that your original executor is no longer able to perform the duties required of him or her. The executor of a will … [Read more...] about The Executor of a Will Should have These Qualities
When you hear the term “estate planning” it’s easy to get intimidated. You don’t know what you’ve done in the past. You don’tknow what to do in the future. Fortunately, with the right approach, this isn’t something that has to turn you into a ball of anxiety. Instead, you can make a few key decisions that will work in your favor. Above all else, you need to understand what estate planning is all about. Furthermore, you need to understand how to make decisions that will benefit you and your … [Read more...] about Questions for a Indianapolis Estate Planning Attorney
Do you have reason to believe that creating a trust would be in your best interest? There are many reasons to consider this option as you create an estate plan. As long as you understand the finer details, as well as the pros and cons, you can make an informed decision that will benefit you and your family in the long run. Of course, there’s one thing you need to do right away: touch base with an experienced Indianapolis trust attorney. It’s easy to believe that you can create a trust … [Read more...] about Ask Your Indianapolis Trust Attorney These Questions
While some people understand the finer details of Medicaid, others don’t know the first thing about this government program. Unfortunately, this means that some people miss out on receiving benefits. Before you do anything, such as applying for Medicaid or consulting with a lawyer, it would be in your best interest to learn more about the program as a whole. Medicaid.gov shares a comprehensive definition of Medicaid: “Medicaid is a joint federal and state program that, together with the … [Read more...] about The Best Times to Consult with a Medicaid Lawyer