If you have an estate plan in place it is always a good idea to check your plan from time to time to ensure that you are not missing important components or tools in your plan. Unfortunately, people frequently have incomplete estate plans. With that in mind, the Indianapolis estate planning attorneys at Frank & Kraft discuss what might be missing from your estate plan. The Need for Comprehensive Estate Planning If you have an estate plan in place, you are better off than about half of … [Read more...] about What Might Be Missing from My Estate Plan?
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Medicaid Programs for Seniors in Indiana
If you are a senior, or you will be soon, you are likely hoping to avoid the need to move to a nursing home for as long as possible. The cost of alternatives to long-term care, however, may seem prohibitive. What you may not realize is that Medicaid not only covers LTC expenses, but it may also cover alternatives to LTC that can help you remain in your home longer. To help ensure that you understand your options, an Indianapolis Medicaid planning attorney at Frank & Kraft explains Medicaid … [Read more...] about Medicaid Programs for Seniors in Indiana
How Do I Amend My Will?
Although many people choose to incorporate a trust agreement into their estate plan, a Last Will and Testament continues to serve as the foundation for most estate plans. The Will you drafted even a few short years ago, however, may not cover your current circumstances, meaning you may need to make changes to your Will. With that in mind, the Indianapolis estate planning attorneys at Frank & Kraft explain how to amend your Last Will and Testament. Last Will and Testament Basics A Last … [Read more...] about How Do I Amend My Will?
Top 3 Estate Planning Documents
For the average person, estate planning is an unfamiliar – and often intimidating -- concept. Although every estate plan is uniquely tailored to the needs and goals of the person creating the plan, there are some documents found in most plans. To help you familiarize yourself with these documents, the Indianapolis estate planning attorneys at Frank & Kraft discuss three documents that should be in your estate plan. Contact Indianapolis Estate Planning Attorneys For more information, … [Read more...] about Top 3 Estate Planning Documents
Is a Senior Life Settlement Right for Me?
As a retiree, you are likely hoping to enjoy your “Golden Years” without having to worry about finances. If you are concerned that may not be the case, your life insurance policy may be one potential source of financial assistance that you may not have considered. The Indianapolis elder law attorneys at Frank & Kraft help you decide if a senior life settlement is right for you. What Is a Senior Life Settlement? You have likely been paying the premiums on your life insurance policy for … [Read more...] about Is a Senior Life Settlement Right for Me?
Understanding the Annual Exclusion
For many people, a successful estate plan needs to limit exposure to federal and/or state gift and estate taxes. Failing to incorporate tax avoidance strategies into your estate plan could cost your estate (and your beneficiaries) a substantial amount of money. With that in mind, the Indianapolis estate planning attorneys at Frank & Kraft explain how to benefit from the annual exclusion. Understanding Federal Gift and Estate Taxes The federal gift and estate tax is essentially a tax on … [Read more...] about Understanding the Annual Exclusion
Updated Federal Gift and Estate Tax Figures for 2023
Avoiding federal gift and estate taxes is a common estate planning goal. To successfully decrease your estate’s exposure to taxes you need to understand current tax laws and incorporate those laws into your overall asset protection strategies within your estate plan. With that in mind, the Indianapolis estate planning attorneys at Frank & Kraft explain what happens to your estate assets if you die intestate in Indiana. Federal Gift and Estate Taxes For anyone who hopes to pass down … [Read more...] about Updated Federal Gift and Estate Tax Figures for 2023
Why Estate Planning Is Important for Multi-National Couples
Over the last several decades, national borders have all but disappeared, leading to a dramatic increase in cross-border marriages in the United States. In fact, the United States Census Bureau reports that one in five marriages in the U.S. today includes a spouse born outside the U.S. Of those marriages, about 60 percent of the foreign-born spouses have become naturalized citizens, leaving the remaining 40 percent as non-citizens. If you are married to a non-citizen, the Indianapolis estate … [Read more...] about Why Estate Planning Is Important for Multi-National Couples
When Do I Need to Update a Trust Agreement?
Trust agreements are commonly found in a comprehensive estate plan. If you have established a trust agreement, you may need to update that agreement from time to time to ensure that the trust functions as intended. To help you keep your trust up to date, the Indianapolis trust attorneys at Frank & Kraft explain when you need to update a trust agreement. Contact Indianapolis Trust Attorneys For more information, please join us for an upcoming FREE seminar. If you have additional … [Read more...] about When Do I Need to Update a Trust Agreement?
Understanding Beneficiaries and Heirs
Estate planning can be an intimidating process for the average person. One reason for this is that estate planning includes concepts and legal jargon with which the average person is unfamiliar. For example, the words “beneficiaries” and “heirs” are often used interchangeably when, in fact, they are not the same thing. The Indianapolis estate planning attorneys at Frank & Kraft help you understand the relationship between your beneficiaries and heirs. Beneficiaries and Heirs It may … [Read more...] about Understanding Beneficiaries and Heirs










