Regardless of good genes and a healthy lifestyle, we all succumb to the natural aging process eventually. For many of us, that means our healthcare expenses increase during our “Golden Years.” Although most seniors rely on Medicare to cover basic healthcare expenses, not everyone qualifies for Medicare and Medicare doesn’t cover all healthcare expenses. Consequently, there is a good chance that you (or a spouse) will need help paying for healthcare expenses as a senior. Medicaid may be able to … [Read more...] about What Seniors Need to Know about Medicaid in Indiana
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What Are Some Good Estate Planning Questions to Ask Myself?
The prospect of sitting down and creating an estate plan can be daunting for many people. In fact, about half of all Americans do not have an estate plan in place, often because they find the entire concept to be intimidating. If you are ready to get started with your estate plan, but you are not sure where to start, the Indianapolis estate planning attorneys at Frank & Kraft suggest that you start by asking yourself some important estate planning questions. Estate Planning Can Be … [Read more...] about What Are Some Good Estate Planning Questions to Ask Myself?
How Do I Prove Elder Abuse?
If you have an elderly parent, grandparent, or another loved one who is being cared for in a long-term care facility or by an in-home caregiver, you undoubtedly worry about the quality of the care they are receiving. If you become concerned that your loved one is being abused, that worry escalates exponentially. Before taking further steps, however, you need to confirm your suspicions. With that in mind, the Indianapolis elder law attorneys at Frank & Kraft discuss how to prove that a loved … [Read more...] about How Do I Prove Elder Abuse?
Can an Estate Plan Completely Eliminate Estate and Inheritance Taxes?
Tax avoidance is a common, and important, estate planning goal for many people. If you have not considered the need to plan for the impact of estate and inheritance taxes within your estate plan, there is no time like the present to do so. With that in mind, the Indianapolis estate planning attorneys at Frank & Kraft discuss estate planning tools and strategies that can help you eliminate estate and inheritance taxes. What Are Estate Taxes? When you die you will leave behind an estate … [Read more...] about Can an Estate Plan Completely Eliminate Estate and Inheritance Taxes?
How Do I Access My Inheritance?
When a family member or loved one passes away, a period of grieving typically follows. Although the legalities of your loved one’s death may not be at the forefront of your mind during the grieving period, you may eventually focus on the fact that you were left an inheritance. How do you get the inheritance left to you though? What steps do you need to take? Who is responsible for giving you your inheritance? To try and answer some of these questions, the Indianapolis probate attorneys at Frank … [Read more...] about How Do I Access My Inheritance?
Do I Need a Pour Over Will If I Have a Trust?
You likely executed a Last Will and Testament as the foundation of your initial estate plan, relying on that Will to distribute your estate assets. Since that time, you may have decided to establish a trust agreement to serve as your primary estate planning document, now relying on that trust to distribute your assets. Nevertheless, you should still have a pour over Will in place. To better explain, the Indianapolis estate planning attorneys at Frank & Kraft discuss why you still need a pour … [Read more...] about Do I Need a Pour Over Will If I Have a Trust?
Celebrate Disability Pride Month in July
July is celebrated worldwide as Disability Pride Month. For disabled adults and parents of children with special needs, Disability Pride Month is an opportunity to learn, educate, and celebrate what makes each person living with a disability unique. To get you started, the Indianapolis special needs planning attorneys at Frank & Kraft offer some suggestions for how to celebrate Disability Pride Month in July. History of Disability Pride Month Disability Pride Month can trace its roots … [Read more...] about Celebrate Disability Pride Month in July
Special Need Planning: ABLE Accounts
If you are the parent or grandparent of a child with special needs, the importance of incorporating a special needs planning component into your estate plan cannot be understated. While every special needs plan should be uniquely tailored to the needs and objectives of the individual creating the plan, there are some frequently used estate planning tools and strategies that may help. The Indianapolis special needs planning attorneys at Frank & Kraft explain how ABLE Accounts may fit into … [Read more...] about Special Need Planning: ABLE Accounts
How Does an ILIT Fit Into My Estate Plan?
Funeral planning may not be the first thing you think about when you contemplate your estate plan; however, it is something that you should consider including. If you do decide to incorporate a funeral planning component in your estate plan you may choose to create a special type of trust known as an Irrevocable Life Insurance Trust, or ILIT. The Indianapolis estate planning attorneys at Frank & Kraft explain how an Irrevocable Life Insurance Trust, commonly referred to as an ILIT, might fit … [Read more...] about How Does an ILIT Fit Into My Estate Plan?
What Happens If I Die Without an Estate Plan in Place?
Every adult should have at least a rudimentary estate plan in place; yet, over half of all Americans do not. This is the case despite most of those without a plan acknowledging the need for one. Often, failing to understand why an estate plan is so important is the problem. To help keep you from making that mistake, the Indianapolis estate planning attorneys at Frank & Kraft explain what happens if you die without an estate plan in place. What Is an “Intestate” Estate? If you leave … [Read more...] about What Happens If I Die Without an Estate Plan in Place?
