Many people make it through their entire working years without ever needing to rely on Medicaid to cover healthcare expenses, only to find that they must turn to Medicaid as a senior. If you are among them, you may mistakenly believe some of the myths and misconceptions about the program. To help clear those up, the Indianapolis attorneys at Frank & Kraft dispel common Medicaid myths. Common Medicaid Myths Do You Have Questions about Medicaid Planning? For more information, please … [Read more...] about Common Medicaid Myths Dispelled
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Options for Passing Down Your Home to an Adult Child
As parents age, thoughts about the legacy they'll leave behind often turn toward their family home. For many, passing down their home to their adult child is an estate planning goal. Whether it's to provide financial security, preserve family history, or simply keep the home within the family, there are various ways to accomplish this goal. With that in mind, the Indianapolis attorneys at Frank & Kraft discuss options for passing down your home to an adult child. What Options Do I Have to … [Read more...] about Options for Passing Down Your Home to an Adult Child
What Is Adult Day Care?
Do you have a parent or grandparent who is struggling with the physical and/or mental deterioration that comes along with the aging process but who does not warrant the around-the-clock care offered by a nursing home? If so, adult day care may be the solution. To help you better understand your options, the Indianapolis attorneys at Frank & Kraft explain the different types of adult day care. Adult Day Care Explained Senior centers have been around for decades, offering older adults a … [Read more...] about What Is Adult Day Care?
How Does a Step-Up in Basis Benefit My Estate Plan?
Although your focus may be on deciding how to distribute your assets when you are creating your estate plan, you should also be aware of the impact taxes may have on your estate and on the gifts you leave behind for loved ones. Specifically, you need to understand how capital gains taxes could significantly diminish the value of assets you pass down to beneficiaries. Fortunately, there are estate planning tools and strategies that may help prevent taxes from impacting an inheritance. To help you … [Read more...] about How Does a Step-Up in Basis Benefit My Estate Plan?
How to Protect Your Furry Family Members in Your Estate Plan
If you have a furry family member, you are among the majority of households in the United States. Even among pet-friendly countries, the U.S. stands out for its love of furry friends. Because your furry family members hold a special place in your heart and your family, it is essential to safeguard their well-being in case something happens to you. Incorporating your pets into your estate plan ensures their continued welfare even when you are no longer able to provide or care for them yourself. … [Read more...] about How to Protect Your Furry Family Members in Your Estate Plan
Keeping the Details of Your Estate Plan Private
While the focus of your estate plan may be to ensure that your assets are distributed according to your wishes after you pass away, you will likely try to weave several other related goals into the estate planning process. Like many people, the desire to maintain your privacy may be one of those goals. With that in mind, the Indianapolis attorneys at Frank & Kraft discuss various estate planning tools and strategies that can help you keep the details of your estate plan private. Why Does … [Read more...] about Keeping the Details of Your Estate Plan Private
Estate Planning for Frequent Travelers
Estate planning is a complex, yet crucial, process that can be made even more challenging by frequent trips away from home. When creating or updating an estate plan, it is essential to address the unique considerations that come with frequent travel. To make sure that your estate plan addresses your needs and goals, the Indianapolis attorneys at Frank & Kraft, discuss some estate planning tips specifically geared toward frequent travelers. Estate Planning Tips for Frequent Travelers A … [Read more...] about Estate Planning for Frequent Travelers
Estate Planning for Residual Income
Most people think of estate planning in terms of the need to decide how the assets they own at the time of their death will be distributed to their loved ones. For some people, however, they must also consider assets that continue to accumulate after they pass away, otherwise known as residual income. To ensure that you have considered all your assets when you create your estate plan, the Indianapolis attorneys at Frank & Kraft discuss estate planning for people who expect to include … [Read more...] about Estate Planning for Residual Income
Protecting Seniors from Social Security AI Scams
If you are a senior or have older family members or friends you care about, it's crucial to be aware of the risks associated with elder financial exploitation. While this exploitation can manifest in various ways, scams aimed at seniors are notably prevalent. The rise of artificial intelligence (AI) has introduced a new and dangerous tool for scam artists seeking to exploit seniors. AI-driven fraud, especially in the form of Social Security scams, is becoming increasingly common. To safeguard … [Read more...] about Protecting Seniors from Social Security AI Scams
How Much Does It Cost to Probate an Estate in Indiana?
When you consult with an estate planning attorney to create or update your estate plan, consider adding probate avoidance tools and strategies into your plan. While there are several important reasons to do what you can to allow your estate to avoid probate, the overall cost of formal probate should be enough of a reason to make probate avoidance one of your estate planning goals. To further elaborate, the Indianapolis attorneys at Frank & Kraft discuss how much it costs to probate an estate … [Read more...] about How Much Does It Cost to Probate an Estate in Indiana?
