Watching your parent struggle with the physical and/or mental deterioration that accompanies the aging process can be extremely difficult. Nevertheless, making the decision to seek guardianship over your parent can be a heart-wrenching decision. It may feel like doing so will take away your parent’s freedom and independence. To help you decide how to proceed, an Indianapolis adult guardianship attorney at Frank & Kraft discusses why you should consider guardianship for your parent. What … [Read more...] about Why Should I Consider Guardianship for My Parent?
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How to Recognize Nursing Home Abuse
Like many people, you may have avoided placing an elderly loved one in a nursing home for as long as possible. Between the concern you have that doing so will take away your loved one’s independence and the seemingly never-ending news reports about nursing home abuse, you may have gone to great lengths to avoid the nursing home option; however, at some point, a nursing home often becomes the only option. Fortunately, there are nursing homes that provide competent, caring, and compassionate … [Read more...] about How to Recognize Nursing Home Abuse
Do You Have the Right Type and Amount of Life Insurance?
For many people, life insurance plays an integral role in their comprehensive estate plan. If you purchased a life insurance policy several years ago, it may be time to re-evaluate that policy. If there have been changes to your family and/or your estate, you may need to make corresponding changes to your life insurance policy. To help you get started, the Indianapolis estate planning attorneys at Frank & Kraft help you figure out if you have the right type and right amount of life … [Read more...] about Do You Have the Right Type and Amount of Life Insurance?
Estate Plan Updates for a Surviving Spouse
The loss of a spouse is generally followed by a period of grief during which it can be difficult to focus on practical and legal tasks. If you find yourself dealing with the loss of a spouse, however, there are some important estate plan changes that you probably need to make as soon as possible. To help you get started, the Indianapolis estate planning lawyers at Frank & Kraft discuss estate plan updates for a surviving spouse. Your Last Will and Testament Along with removing your … [Read more...] about Estate Plan Updates for a Surviving Spouse
Is It Better to Gift Assets Now or After You Are Gone?
Building your asset portfolio will likely be an important goal during your lifetime. Along with ensuring that you are financially secure when you retire, you probably do this in the hope that you will also be able to pass down assets to children and/or grandchildren. If you are planning to pass down assets, deciding when to pass them down is something you need to consider. Whether assets are passed down during your lifetime or after your death can directly impact your personal taxes while you … [Read more...] about Is It Better to Gift Assets Now or After You Are Gone?
Can a Trust Beneficiary Sell Her Interest in the Trust Assets?
The beneficiaries of a trust have a current or future legal ownership interest in the assets held by the trust. The trust terms will dictate when the beneficiaries receive distributions from the trust and how much they receive. Sometimes, however, a beneficiary wants or needs the value of her interest in the trust prior to the scheduled distribution. That brings up the issue of a beneficiary’s ability to sell her interest in a trust. The Indianapolis trust attorneys at Frank & Kraft … [Read more...] about Can a Trust Beneficiary Sell Her Interest in the Trust Assets?
How to Include Out of State Property in Your Estate Plan
Creating a comprehensive estate plan that functions as intended can be quite the undertaking; however, it is all the best gift you can give to yourself and your loved ones. If you own property outside the State of Indiana, it is imperative that you include that property in your estate plan. To explain why it is important and how it can be accomplished, the Indianapolis estate planning lawyers at Frank & Kraft discuss how to include out of state property in your estate plan. Do You Own … [Read more...] about How to Include Out of State Property in Your Estate Plan
Can I Sell My Interest in a Trust?
As you may already know, a Last Will and Testament is not the only estate planning tool available for gifting assets to loved ones or other beneficiaries. Many people choose to use a living trust in addition to, or in lieu of, a Will to pass down estate assets. One reason people often choose to use a trust to distribute assets is the ability to direct when assets are distributed and even how assets are used by the beneficiaries. The benefit you gain by being able to dictate how trust assets are … [Read more...] about Can I Sell My Interest in a Trust?
How to Include Cryptocurrency in Your Estate Plan
By now, almost everyone has at least heard the term “cryptocurrency” and some people actively buy, sell, and use cryptocurrency on a regular basis. If you own cryptocurrency, how does it fit into your estate plan? To help shed some light on the subject, the Indianapolis estate planning attorneys at Frank & Kraft explain some cryptocurrency basics and discuss how to include it in your estate plan. What Is Cryptocurrency? If you were born before the Millennial generation, cryptocurrency … [Read more...] about How to Include Cryptocurrency in Your Estate Plan
Estate Planning 101 for the Beginner
Estate planning can be a daunting process the first time around for many people. Ideally, your estate plan should incorporate a wide range of goals and objectives into one comprehensive plan. That plan may utilize numerous estate planning tools and strategies, all of which can seem overwhelming. To help you feel more at ease with getting started on your estate plan, Indianapolis estate planning attorneys at Frank & Kraft offer some estate planning basics for the beginner. Define your … [Read more...] about Estate Planning 101 for the Beginner
