A carefully crafted estate plan ensures that your property passes to your intended beneficiaries after your death. Without one, the State of Indiana will distribute your estate according to its intestate succession laws, which may not reflect your personal wishes. Even with a valid Will or trust in place, the use of inaccurate legal terms can undermine your goals. One area where this often occurs involves the distinction between distributing assets per stirpes and per capita. The Indianapolis … [Read more...] about Understanding the Difference Between Per Stirpes and Per Capita
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Alzheimer’s & Brain Awareness Month: Promoting Education and Support Across Indiana
Each June, Alzheimer’s & Brain Awareness Month offers individuals and communities in Indiana an opportunity to deepen their understanding of Alzheimer’s disease and related cognitive conditions. This national campaign, first recognized by presidential proclamation in 1983 and championed by the Alzheimer’s Association, encourages public dialogue about the effects of brain disorders, honors those living with the disease, and recognizes the critical role of caregivers. In Indiana, where both … [Read more...] about Alzheimer’s & Brain Awareness Month: Promoting Education and Support Across Indiana
What Does It Mean If a Trustee Is Accused of Self-Dealing?
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?
Is a Family Limited Partnership Right for My Business?
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?
Documents Needed for Estate Planning
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
Should I Leave My Children a Lump Sum Inheritance?
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?
Will Health Reform Change Medicaid?
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?
Why is Nursing Home Planning So Important?
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?
The Executor of a Will Should have These Qualities
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
Questions for a Indianapolis Estate Planning Attorney
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
