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
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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?
Tips for Managing a Child’s Inheritance
From the moment parenthood became a reality, your focus likely shifted towards safeguarding and providing for your child. This protective instinct extends to your estate plan, ensuring financial security for your child in the event of your incapacity or untimely death. Merely bequeathing an inheritance is insufficient. As emphasized by the Indianapolis attorneys at Frank & Kraft, it is crucial to give considerable thought to managing your child’s inheritance within your estate … [Read more...] about Tips for Managing a Child’s Inheritance
Estate Planning for Artists: How to Protect Your Creations
Having a comprehensive and up to date estate plan in place should be a goal for all adults. The estate plan you create, however, should be uniquely tailored to accomplish your individual goals and to reflect your life, assets, and loved ones. For artists, the assets they need to protect often require equally creative estate planning tools and strategies. If you are an artist, the Indianapolis attorneys at Frank & Kraft discuss how estate planning can help artists protect their … [Read more...] about Estate Planning for Artists: How to Protect Your Creations
Seniors Guide to Preventing Identity Theft
Impacting over five percent of all seniors, financial fraud and exploitation rank as the most prevalent forms of elder abuse and neglect, according to the U.S. Department of Justice. Unfortunately, for each reported instance of elder financial exploitation, experts estimate an alarming 44 cases go unreported. One common avenue for senior financial exploitation involves identity theft, a tactic that disproportionately affects older individuals. In an endeavor to combat elder financial … [Read more...] about Seniors Guide to Preventing Identity Theft
Contesting an Indiana Will: What You Need to Know
Dealing with the aftermath of a loved one's passing involves not only emotional challenges but also navigating the legalities of the probate process. If the decedent left behind a Last Will and Testament, you may question the validity of that document, potentially leading to a Will contest. With that in mind, the Indianapolis attorneys at Frank & Kraft discuss what you need to know about contesting a Will in Indiana. Challenging a Will in Indiana When a person passes away, the estate … [Read more...] about Contesting an Indiana Will: What You Need to Know
How Does a Postnuptial Agreement Fit into My Estate Plan?
Estate planning serves several crucial purposes, such as ensuring the organized distribution of assets after one's passing, protecting assets during one's lifetime, and providing financial security for loved ones in the event of death or incapacity. A comprehensive estate plan often utilizes various tools to achieve these objectives. For some people, a postnuptial agreement is one of those tools. With that in mind, the Indianapolis attorneys at Frank & Kraft discuss how a postnuptial … [Read more...] about How Does a Postnuptial Agreement Fit into My Estate Plan?
Indiana Home Health Services: What You Need to Know
As the aging population in the United States continues to increase, the topic of long-term care is one that touches most families as they discuss ways to prevent the need for long-term care and strategies for financing it when it becomes unavoidable. Many people are unaware of the diverse options accessible to support seniors requiring assistance but who are not yet at the point where nursing home care is necessary. One of those options is home health services. To help you decide if it’s a … [Read more...] about Indiana Home Health Services: What You Need to Know
