Like most people, you probably created a Last Will and Testament as the foundation of your estate plan. At some point, you may also want to add a Living Will to that plan to ensure that your wishes will be honored regarding end-of-life healthcare decisions. Toward that end, the Indianapolis estate planning attorneys at Frank & Kraft explain what an Indiana Living Will is and why you need one. Advance Directive Basics An advance directive is a legal document that allows you make … [Read more...] about What Is an Indiana Living Will?
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Stages of Life When You Need an Estate Plan
One of the many confusing things about estate planning for the average person is knowing when to create a plan. The simplest way to clear up the confusion is to explain that it is never too early to start working on an estate plan. Despite that oversimplification, there are certain stages in life when creating an estate plan is particularly important and/or when you need to update an existing estate plan. With that in mind, the Indianapolis estate planning attorneys at Frank & Kraft discuss … [Read more...] about Stages of Life When You Need an Estate Plan
What You Need to Know If You Are a Caregiver
If you have taken on the responsibility of providing care for an elderly loved one so that he/she can remain at home, you may already be familiar with the mental and physical exhaustion caregivers often face. It is easy to put your own needs on the backburner when caring for someone you love who is suffering from physical and/or mental deterioration. If you completely ignore your own needs, however, your body will eventually react, causing your own physical and/or mental deterioration. … [Read more...] about What You Need to Know If You Are a Caregiver
Answers to 5 Common Estate Planning Questions
One common reason people give for not having an estate plan in place is that creating an estate plan is an intimidating prospect. It can also be easy to find yourself believing one of the many myths that exist about estate planning. To help you navigate the world of estate planning, the Indianapolis estate planning attorneys at Frank & Kraft answer five common estate planning questions. Do I really need an estate plan? One of the biggest estate planning myths is the idea that you … [Read more...] about Answers to 5 Common Estate Planning Questions
Asset Protection Trusts – What You Need to Know
Acquiring assets is undoubtedly part of your overall estate plan; however, simply amassing assets without taking steps to protect those assets can cause the most well-drafted estate plan to fail. One way to protect assets is through the creation of an asset protection trust. With that in mind, the Indianapolis asset protection planning attorneys at Frank & Kraft explain asset protection trusts. Common Types of Asset Protection Trusts What Else Do I Need to Know about Asset Protection … [Read more...] about Asset Protection Trusts – What You Need to Know
How Can a Living Trust Help Me?
Although you will undoubtedly continue to rely on a Will within your estate plan, as your family and your estate grow you will need to incorporate additional tools into your estate plan in order to achieve a widening circle of goals. Among the most common of those additional tools is a living trust. While there are a seemingly endless number of reasons why you might want to include a living trust in your estate plan, the Indianapolis trust attorneys at Frank & Kraft explain how a living … [Read more...] about How Can a Living Trust Help Me?
Choosing the Right Trustee to Manage Your Child’s Inheritance
Having at least a basic estate plan in place is important for every adult. If you are the parent of a young child, however, the need for careful estate planning is heightened. Your minor child cannot manage his/her own inheritance. Consequently, you must choose someone to do so for your child. For most parents, this means choosing a Trustee for the trust they create. The Indianapolis estate planning attorneys at Frank & Kraft help you choose the right person to guard your child’s … [Read more...] about Choosing the Right Trustee to Manage Your Child’s Inheritance
Is an Inheritance and a Bequest the Same Thing?
Like most areas of the law, estate planning includes concepts and legal jargon with which the average person is unfamiliar. For example, the words “bequest” and “inheritance” are often used interchangeably when, in fact, they are not always synonymous. To help you understand both terms, the Indianapolis estate planning attorneys at Frank & Kraft explain the difference between an inheritance and a bequest. What Is an “Inheritance?” While it may sound like the answer to one of those … [Read more...] about Is an Inheritance and a Bequest the Same Thing?
Does It Matter How I Co-Own Real Property in Indiana?
If you own real property, and you want to keep that property out of probate after you are gone, creating the right type of co-ownership may be a viable option. While you will get probate avoidance benefits by creating a joint tenancy, there are other factors you should consider before using that strategy for your real property. An Indianapolis estate planning attorney at Frank & Kraft explains how the way you co-own real property in Indiana matters. Why Does It Matter How Real Property Is … [Read more...] about Does It Matter How I Co-Own Real Property in Indiana?
November is Alzheimer’s Awareness Month
Given the increasing prevalence of the disease, most of us know someone who is suffering from Alzheimer’s or who is helping care for someone with the disease. Nationally, the month of November is known as Alzheimer’s Disease Awareness Month. Recognizing the need for heightened awareness of this disease, President Ronald Reagan made this designation in 1983. With that in mind, the Indianapolis elder law attorneys at Frank & Kraft offer some information on Alzheimer’s disease and ideas about … [Read more...] about November is Alzheimer’s Awareness Month
