While ensuring that tangible possessions are handled according to your wishes is typically addressed in a conventional estate plan, your estate planning goals may extend beyond the distribution of physical assets. You might also seek to pass down intangible concepts that transcend material wealth, such as values, principles, convictions, and faith, which have significantly influenced and guided your life. The good news is that you can incorporate these non-material aspects into your estate plan, … [Read more...] about How to Pass Down Your Legacy in Your Estate Plan
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What You Need to Know About Older Drivers in Indiana
As we age, we all eventually experience some physical and mental deterioration that comes along with the natural aging process. For some of us, that natural deterioration is more pronounced or may be accompanied by cognitive decline caused by Alzheimer’s or another age-related form of dementia. Noticing your own physical and/or mental decline is never easy. Realizing that it may impact your ability to drive can be downright traumatic for an older individual. Nevertheless, it is important to keep … [Read more...] about What You Need to Know About Older Drivers in Indiana
What Is Undue Influence in an Indiana Will Contest?
If you have recently experienced the loss of someone dear to you, the process of mourning probably continues to play a significant role in your life. At some point in the near future, however, your attention may be drawn to the term of your loved one's Last Will and Testament. What should you do if something about that Will does not sound right to you or if you begin to believe that the terms of that Will are the product of someone’s influence on your loved one? The Indianapolis attorneys … [Read more...] about What Is Undue Influence in an Indiana Will Contest?
How to Make Things Easier for Your Children After Your Death
No one enjoys thinking about the reality of their own eventual death; however, it is just that – a reality. What can be even harder sometimes is thinking about how your loved ones, specifically your children, will handle your death. Even if they are grown adults well into middle age or beyond, your death will have an emotional impact on your children. In addition, they will likely be responsible for handling your affairs after you pass away. To make that easier for them, an Indianapolis attorney … [Read more...] about How to Make Things Easier for Your Children After Your Death
Estate Planning for Single Parents
Every adult can benefit from having a comprehensive estate plan in place. If you are a single parent, however, estate planning is even more important to ensure that your child is protected and provided for if something happens to you. To help you get started, the Indianapolis attorneys at Frank & Kraft discuss estate planning for single parents. Why Do I Need an Estate Plan If I Am a Single Parent? Whether by circumstance or choice, being a single parent can be difficult, yet nothing … [Read more...] about Estate Planning for Single Parents
Why Might My Executor Have to Sell Some of My Estate Assets?
Probate is the name of the legal process that is required to administer your estate after you pass away. One of the best reasons to have at least a basic estate plan in place is to ensure that your assets will be handled how you want them to be handled during the probate of your estate. Sometimes, however, it becomes necessary to sell estate assets during probate even if your wishes included passing those assets down to a loved one. To decrease the likelihood of it happening to your estate, an … [Read more...] about Why Might My Executor Have to Sell Some of My Estate Assets?
Estate Plan Review Checklist
If you already have an estate plan in place, you are ahead of the majority of Americans. You also likely understand the importance of estate planning and realize the gift you are giving yourself and your family. Your estate plan, however, can only work as intended if it reflects your current needs, wishes, and goals. That means you need to review and update your plan from time to time. Toward that end, the Indianapolis attorneys at Frank & Kraft offer an estate plan review checklist to help … [Read more...] about Estate Plan Review Checklist
Estate Planning for Military Personnel
Every adult can benefit from having an estate plan in place, but estate planning is even more important for both active and retired military personnel. Along with the heightened risk of death or incapacity you face as a member of the military, you are also entitled to several unique financial benefits that should be included in your estate plan. With that in mind, the Indianapolis attorneys at Frank & Kraft discuss estate planning for military personnel. Basic Estate Plan … [Read more...] about Estate Planning for Military Personnel
Talking to Your Parents about Their Estate Plans: Questions to Ask
For an adult child with aging parents, it can be difficult to broach the subject of estate planning; however, it is also important to do so. A thorough estate plan will not just direct the distribution of assets after your parents pass away but can also protect those assets while they are still alive and ensure that their wishes are honored if they become incapacitated. While it is not necessary for you to know all the details of their estate plans, it is important for you to make sure that they … [Read more...] about Talking to Your Parents about Their Estate Plans: Questions to Ask
Should My Indiana Estate Plan Include a Life Estate?
A comprehensive estate plan aims to accomplish numerous goals that go above and beyond just distributing the creator’s estate assets after he/she is gone. Protecting assets, both during life and after death, should be one of those additional goals. The way in which you hold legal title to real property can directly impact your ability to achieve that goal. With that in mind, an Indianapolis attorney at Frank & Kraft discusses whether you should include a life estate in your Indiana estate … [Read more...] about Should My Indiana Estate Plan Include a Life Estate?
