Creating a comprehensive estate plan is the first step toward protecting everyone and everything that is important to you; however, you also need to update your plan from time to time for it to be successful and work as intended. One thing people often forget is to review and revise are the beneficiary designations within their estate plan. To keep you from making that mistake, the Indianapolis estate planning attorneys at Frank & Kraft explain why updating beneficiaries is crucial to your … [Read more...] about Why Is Updating Beneficiaries Crucial to Your Estate Plan?
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What Is a Memorandum of Intent for a Special Needs Trust?
If you are the parent of a child with special needs, you know that there are practical and financial challenges you must face raising a child with special needs. The need to have a comprehensive estate plan in place is heightened when you are concerned with protecting and providing for a child with special needs. As part of your estate plan, you may choose to include a special needs trust to ensure that your child is financially secure both now and in the future. An Indianapolis special needs … [Read more...] about What Is a Memorandum of Intent for a Special Needs Trust?
What Can a Beneficiary Do about a Problematic Trustee?
As the beneficiary of a trust, you are entitled to benefit from the assets held by the trust. You must depend on the Trustee of the trust to protect and grow those assets. What happens if the Trustee is not doing his/her job properly? Can you do anything about a problematic Trustee? The Indianapolis trust administration attorneys at Frank & Kraft explain what a beneficiary can do about a problematic Trustee. Problems with a Trustee Sufficient consideration is not always given when … [Read more...] about What Can a Beneficiary Do about a Problematic Trustee?
What Is a Medicaid Trust?
You may make it to your retirement years without ever giving the need to qualify for Medicaid a second thought because you were fortunate enough to be covered by employer-sponsored or privately purchased health insurance. As a senior, however, the likelihood that you will need to qualify for Medicaid increases because the high cost of long-term care. Qualifying for Medicaid, however, could put your retirement nest egg at risk An Indianapolis Medicaid attorney at Frank & Kraft explains what a … [Read more...] about What Is a Medicaid Trust?
How Can a Trust Help Keep My Estate Planning Details Private?
By its very nature, estate planning is a highly personal undertaking. The details regarding the division of your estate assets, for example, are not something you likely share with anyone outside your immediate family. You may not even want your immediate family members to know how your estate assets are distributed after you are gone. If you use a Last Will and Testament as your primary estate planning vehicle, however, you won’t be able to keep the terms of that Will private after your death. … [Read more...] about How Can a Trust Help Keep My Estate Planning Details Private?
How Does Indiana Rate as a Retirement Destination?
Planning for financial stability when you retire is important; however, there is more to retirement planning than just saving money. Where you live when you retire is equally important – and will directly impact your finances as well. Your choice of retirement destination will also affect your overall quality of life. Using data from the annual WalletHub state “retirement-friendliness” rankings, the Indianapolis retirement planning attorneys at Frank & Kraft help you decide if Indiana is … [Read more...] about How Does Indiana Rate as a Retirement Destination?
Can I Do Anything Now to Avoid Guardianship When I Am Older?
It may be difficult to envision a future where you are incapacitated and unable to care for yourself and/or manage your own affairs; however, the reality is that it could happen. If that does come to pass, a loved one may be forced to petition for guardianship over you if you failed to consider the possibility. Proper estate planning now can ensure that you get to choose to whom you hand over authority instead of letting a court decide. An Indianapolis elder law attorney at Frank & … [Read more...] about Can I Do Anything Now to Avoid Guardianship When I Am Older?
How to Find the Right Nursing Home for Your Loved One
Making the decision to move an older loved one to a nursing home is rarely a decision that is easily made. Failing to do so, however, could put a loved one at risk for serious injury or victimization by those who prey on vulnerable seniors. Once the decision has been made, the next step is to find the best nursing home for your loved one. To help you make the right choice, the Indianapolis elder law attorneys at Frank & Kraft offer the following tips to help you find the right nursing home … [Read more...] about How to Find the Right Nursing Home for Your Loved One
Are You Entitled to Veteran Benefits?
Are you a veteran or spouse of a veteran? If so, there are a variety of veterans benefits that may be available to you. You may already know about some (or all) of these benefits; however, many veterans and eligible dependents are unaware of the various benefit programs available to them. To make sure you are getting all the benefits to which you are entitled, the Indianapolis veteran benefits planning attorneys at Frank & Kraft explain some common veteran benefit programs and eligibility … [Read more...] about Are You Entitled to Veteran Benefits?
Retirement Planning Considerations
Many people start planning for retirement when they get their first “adult” job to ensure that they are comfortable during their retirement years. Once you get close to your “Golden Years” there are additional things you should consider to make sure you are ready and financial prepared. To help you get started, the Indianapolis retirement planning attorneys at Frank & Kraft offer some questions to consider when planning to enter your retirement years. Social Security Benefits. Do you know … [Read more...] about Retirement Planning Considerations
