As you grow older, the need for long-term care becomes increasingly probable, especially for married couples because there is double the likelihood that one of you will need care. The cost of that care can be overwhelming, often exceeding what most families can comfortably pay out of pocket. Medicaid can be a crucial resource when it comes to covering long-term care costs, but qualifying for Medicaid involves strict income and asset rules. These rules can raise serious concerns for married … [Read more...] about Understanding the 2025 Indiana Medicaid Spousal Impoverishment Rules for Seniors
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5 Estate Planning Steps for Young Families
Starting a family is one of life’s most transformative experiences. It shifts your values, goals, and sense of responsibility. Along with sleepless nights and first milestones, becoming a parent brings a new level of urgency to planning for the future. Creating or updating your estate plan is a meaningful way to protect your loved ones if the unexpected happens. Whether you are just beginning your journey into estate planning or refining what you already have, the Indianapolis attorneys at Frank … [Read more...] about 5 Estate Planning Steps for Young Families
What You Should Know about SSDI and SSI
Experiencing a disability that hinders your ability to work can profoundly affect your financial stability and overall well-being. In the United States, two primary federal programs offer financial assistance to individuals with disabilities: Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Although both programs aim to support disabled individuals, they have distinct eligibility criteria and benefits. The Indianapolis attorneys at Frank & Kraft explain … [Read more...] about What You Should Know about SSDI and SSI
Estate Planning Considerations for Blended Families
Estate planning is essential for all families, but it becomes even more intricate when navigating the dynamics of a blended family. Families that include children from previous relationships, stepchildren, and joint children between spouses often face unique challenges when distributing assets and ensuring fairness. Addressing these complexities early can help prevent conflicts and provide security for all loved ones. Toward that end, the Indiana attorneys at Frank & Kraft discuss tools and … [Read more...] about Estate Planning Considerations for Blended Families
Talking to Loved Ones about Your Estate Plan: Important Topics to Cover
Estate planning is about more than just deciding how to distribute your assets. It is an opportunity to engage in meaningful discussions with your loved ones about your legacy, values, and long-term wishes. By having these conversations, you can help prevent conflicts, strengthen family bonds, and ensure your intentions are honored. With that in mind, the Indianapolis attorneys at Frank & Kraft discuss topics you should cover when talking to your loved ones about your estate plan. How … [Read more...] about Talking to Loved Ones about Your Estate Plan: Important Topics to Cover
Celebrating Older Americans Month 2025: Flip the Script on Aging
Each May, the nation comes together to celebrate Older Americans Month, an opportunity to recognize the invaluable contributions of older adults and highlight issues that impact aging populations. In 2025, the theme, "Flip the Script on Aging," challenges outdated narratives and encourages a fresh perspective on what it means to grow older. This theme calls for individuals and communities to rethink the way society perceives, talks about, and approaches aging, fostering a more inclusive and … [Read more...] about Celebrating Older Americans Month 2025: Flip the Script on Aging
How an Irrevocable Life Insurance Trust (ILIT) Fits into Your Estate Plan
Crafting a comprehensive estate plan often requires using various legal tools and strategies to ensure that your financial and personal goals are met. Among these tools, a trust can be an essential component. Trusts have developed over time to serve highly specific purposes, and one such specialized trust is an Irrevocable Life Insurance Trust (ILIT). The Indianapolis attorneys at Frank & Kraft explain how an ILIT works and how it can fit into your estate plan to help protect your assets, … [Read more...] about How an Irrevocable Life Insurance Trust (ILIT) Fits into Your Estate Plan
Should You Choose a Professional Trustee for Your Indiana Trust?
A trust is a widely used estate planning tool that can help you achieve a variety of financial and legal goals. While trusts were once primarily used by the wealthy to preserve family wealth, they are now commonly included in estate plans regardless of financial status. Trusts have evolved to serve many different purposes, from avoiding probate to protecting assets and providing for loved ones. If you establish a trust, you must appoint a Trustee to oversee its administration. One of the most … [Read more...] about Should You Choose a Professional Trustee for Your Indiana Trust?
Can I Decline an Appointment as Executor in Indiana?
When someone passes away, their estate must be managed and distributed according to their wishes or state law. If the deceased left a Last Will and Testament, they likely named an Executor to oversee this process. Deciding whether to accept or decline the role of Executor is a significant choice, as it comes with both legal and financial responsibilities. In Indiana, the role involves handling assets, paying debts, and ensuring that the estate is administered properly. To help you navigate this … [Read more...] about Can I Decline an Appointment as Executor in Indiana?
Common Trust Creation Mistakes You Can Avoid Making
Creating a trust can be a valuable estate planning tool, offering a seamless way to manage and transfer assets while avoiding probate. Unfortunately, however, people often make critical mistakes that can undermine the benefits of having a trust. Whether due to poor planning, lack of legal guidance, or simple oversight, these mistakes can lead to complications, increased costs, and unintended consequences for beneficiaries. Working with an experienced estate planning attorney during the creation … [Read more...] about Common Trust Creation Mistakes You Can Avoid Making
