Probate is the legal process typically required after an individual’s death to settle and distribute the decedent’s estate. The probate process can be costly and complicated even without disputes; however, when a dispute turns into litigation, it can wreak havoc with the administration of the estate. The Indianapolis estate planning attorneys at Frank & Kraft explain how an estate might end up in litigation. Probate Basics After the death of an individual, his/her assets must be … [Read more...] about How Might an Estate End Up in Litigation?
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Why a Basic Will May Not Be Enough
When most people think about the creation of an estate plan, they think only of the need to execute a Last Will and Testament to ensure that their estate is distributed pursuant to their wishes after death. While that is certainly one aspect of estate planning, a well-thought-out and comprehensive estate plan usually includes more than just a simple Will. The Indianapolis trust attorneys at Frank & Kraft explain why a basic Will may not be enough to achieve all your estate planning … [Read more...] about Why a Basic Will May Not Be Enough
How to Guard Your Child’s Inheritance
From the moment you first learned you were going to be a parent you likely worried about protecting and providing for your child. That need to protect and provide is evident in your estate plan because you want to be sure your child is financially secure if something happens to you while he/she is still young. Simply leaving an inheritance behind for your child isn’t enough though. As the Indianapolis trust attorneys at Frank & Kraft explain, you must decide who you want to guard that … [Read more...] about How to Guard Your Child’s Inheritance
How Can I Incorporate Charitable Gifting into My Estate Plan?
For many people, philanthropy is an important part of their everyday life. If you are one of those people, your charity does not have to end when you are gone. On the contrary, with careful planning, your charitable gifting can continue long past the time of your death. The Indianapolis estate planning attorneys at Frank & Kraft explain how to incorporate charitable gifting strategies and tools into your estate plan. Philanthropy in Your Daily Life Are you someone for whom philanthropy … [Read more...] about How Can I Incorporate Charitable Gifting into My Estate Plan?
LGBTQIA+ Pride Month in Indiana
While members of the LGBTQIA+ community and their supporters have celebrated several important legal victories in recent years (such as the right to marry), there is still work to be done to create true equality. In the meantime, the Indianapolis estate planning attorneys at Frank & Kraft offer suggestions for celebrating LGBTQIA+ Pride Month in Indiana this June. History of LGBTQIA+ Pride Month LGBTQIA+ History Month is celebrated every October while LGBTQIA+ Pride Month takes place … [Read more...] about LGBTQIA+ Pride Month in Indiana
Debunking Estate Planning Myths
Most people recognize the importance of estate planning; however, those same people often fall victim to the numerous and varied myths and misconceptions about estate planning. To help ensure that you, your family, and your assets are protected, the Indianapolis estate planning attorneys at Frank & Kraft debunk some common estate planning myths. “I Don’t Need an Estate Plan Yet” One of the biggest estate planning myths is the idea that you need to reach a certain point in your … [Read more...] about Debunking Estate Planning Myths
Do I Need an Indiana Advance Directive?
While your estate plan should certainly plan for the eventual end of your life, a successful estate plan contemplates numerous situations and scenarios in addition to death that require advance planning. Consequently, a comprehensive estate plan will include several estate planning tools in addition to a basic Last Will and Testament. Among the most popular of these additional tools is an advance directive. The Indianapolis estate planning attorneys at Frank & Kraft offer several reasons to … [Read more...] about Do I Need an Indiana Advance Directive?
Which Document Is More Important in My Estate Plan — a Will or a Living Trust?
For most people, a comprehensive estate plan includes numerous legal documents and various ancillary documents. Which of these is the most important estate planning document? For most people a Last Will and Testament provides the foundation on which their estate plan is built; however, a trust agreement may eventually be just as important. The Indianapolis estate planning attorneys at Frank & Kraft explains which document is the most important one in your estate plan. Your Last Will and … [Read more...] about Which Document Is More Important in My Estate Plan — a Will or a Living Trust?
What Happens to My Estate after My Death?
Most people have a vague understanding of the importance of estate planning; however, there are also several myths and misconceptions surrounding the reason for having an estate plan in place. Specifically, people often have the wrong ideas about what happens after they are gone. To help make sure you do not fall victim to any of these mistaken ideas, the Indianapolis estate planning attorneys at Frank & Kraft discuss five things you might not know about what happens after your … [Read more...] about What Happens to My Estate after My Death?
What You Need to Know about Elder Law
Experts tell us that by the year 2050, the older population (age 65 and older) will outnumber their younger counterparts (age 21 and younger) for the first time in history. The growing senior population has caused a corresponding increase in legal issues that impact the elderly. While older adults face many of the same legal issues as younger adults do, they also have some unique legal issues. An Indianapolis elder law attorney at Frank & Kraft answers five common elder law … [Read more...] about What You Need to Know about Elder Law
