For over half of all seniors, Medicaid plays a crucial role in helping them cover the high cost of long-term care. Eligibility for Medicaid, however, depends, in part, on an applicant’s income and the value of their “countable resources.” One of the most important rules to understand if you are a senior hoping to qualify for Medicaid is the Medicaid look-back period which can significantly impact your eligibility. To help ensure that you receive the assistance you need, an Indianapolis attorney … [Read more...] about Indiana Medicaid for Seniors: Navigating the Look-Back Period
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Under What Circumstances Does a Successor Trustee Take Over Trust Administration?
One of the most useful tools found in the average estate plan is a trust agreement. If you decide to incorporate a trust into your estate plan, you will need to appoint a Trustee. It is also wise to appoint a successor Trustee. To help you understand why appointing a successor Trustee is important, the Indianapolis attorneys at Frank & Kraft explain under what circumstances a successor Trustee might take over the administration of a trust. What Is a Trust? A trust is a legal agreement … [Read more...] about Under What Circumstances Does a Successor Trustee Take Over Trust Administration?
Celebrate Canine Fitness Month This April: A Commitment to Your Dog’s Health and Future
April is Canine Fitness Month, a time dedicated to raising awareness about the importance of keeping your dog healthy and active. Just as humans need regular exercise and proper nutrition to maintain good health, so do our canine companions. Whether you have a young, energetic pup or a senior dog that needs a little extra encouragement to move, Canine Fitness Month is the perfect opportunity to evaluate your dog's fitness routine and make improvements where necessary. The Indianapolis attorneys … [Read more...] about Celebrate Canine Fitness Month This April: A Commitment to Your Dog’s Health and Future
What You Should Know About Nursing Home Abuse in Indiana
Nursing homes are meant to provide a safe and supportive environment for elderly residents and while many facilities do offer quality care, instances of abuse and neglect also occur. Recognizing the warning signs and taking action can help protect vulnerable elderly loved ones. With that in mind, the Indianapolis attorneys at Frank & Kraft discuss what you should know about nursing home abuse in Indiana. How Common Is Nursing Home Abuse in Indiana? Elder abuse is a serious issue across … [Read more...] about What You Should Know About Nursing Home Abuse in Indiana
How to Protect a Personal Injury Settlement with a Special Needs Trust
If you have a child (or another loved one) who relies on government benefits such as Supplemental Security Income (SSI) or Medicaid and who has received a personal injury settlement, protecting that settlement is crucial. Without proper planning, a large sum of money received from a settlement could disqualify an individual from these much-needed benefits. As the Indianapolis attorneys at Frank & Kraft explain, one effective way to safeguard both the personal injury settlement and … [Read more...] about How to Protect a Personal Injury Settlement with a Special Needs Trust
Incorporating the Annual Exclusion into Your Estate Plan
When creating an estate plan, your primary goal is likely to ensure that your assets are distributed according to your wishes after you are gone. Effective estate planning, however, also involves strategies to protect your wealth while you are alive and reduce potential tax liability at death. Without careful planning, estate taxes could take a significant portion of your assets, leaving less for your beneficiaries. Fortunately, the tax code provides several tools to help mitigate this burden. … [Read more...] about Incorporating the Annual Exclusion into Your Estate Plan
How Long Will It Take to Receive an Inheritance in Indiana?
Learning that you are set to receive an inheritance can bring a mix of emotions. While it may represent financial security or sentimental value, it also follows the loss of a loved one. Once you have been informed of your inheritance, a common question often arises. You may wonder how long it will take before you receive your inheritance. To help answer this, the Indianapolis attorneys at Frank & Kraft explain the typical timeline for receiving an inheritance in Indiana. Does Your … [Read more...] about How Long Will It Take to Receive an Inheritance in Indiana?
What Is a Crummey Notice?
Are you a trust beneficiary who recently received a “Crummy notice?” If so, and you have never before received one, you may be unsure what to do next. After all, there must be some reason why you received the notice, right? To help you better understand why you received the notice, an Indianapolis trust attorney at Frank & Kraft explains a Crummey notice and what to do if you received one. Trust Fundamentals To understand the significance of a Crummey Notice you must … [Read more...] about What Is a Crummey Notice?
Developmental Disabilities Awareness Month: Is Your Loved One with Special Needs Protected?
March is recognized as Developmental Disabilities Awareness Month, providing an opportunity to raise awareness and promote inclusion for individuals with disabilities. It also serves as a reminder of the importance of special needs planning, particularly for those who have a loved one with a disability. Proper estate planning can ensure financial security, long-term care, and continued eligibility for essential government benefits. If you live in Indiana and have a family member with special … [Read more...] about Developmental Disabilities Awareness Month: Is Your Loved One with Special Needs Protected?
Should I Share My Estate Plan with Loved Ones?
Creating an estate plan is a crucial step in safeguarding your assets and ensuring that your wishes are honored after your death and even during your lifetime. Once your plan is finalized, however, you may face the challenging question of how much, if any, of your estate plan you should share with your loved ones. This deeply personal decision will likely be affected by numerous factors, not the least of which will be significant family dynamics or conflicts. With this in mind, the Indianapolis … [Read more...] about Should I Share My Estate Plan with Loved Ones?
