The decisions made when creating an estate plan are highly personal decisions. Understandably, it may be uncomfortable to discuss those decisions with others; however, you will need to share things with your estate planning attorney to create a successful estate plan that works as intended. In fact, failing to be completely open and honest with your attorney could jeopardize the success of your overall estate plan. With that in mind, the Indianapolis estate planning attorneys at Frank & … [Read more...] about 5 Things Your Estate Planning Attorney Needs to Know
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Can I Do Anything to Prevent Someone from Contesting My Will?
One of the most important reasons for creating your Last Will and Testament was likely to ensure that your estate assets are distributed according to your wishes after your death. If that Will is invalidated because of a Will contest, however, that State of Indiana (or your state of residence at the time of your death) will ultimately decide what happens to your assets. Can you do anything to prevent a Will contest? An Indianapolis estate planning attorney at Frank & Kraft explain what … [Read more...] about Can I Do Anything to Prevent Someone from Contesting My Will?
How Can My “In-Laws” Threaten My Assets?
A well-thought-out estate plan will help protect and grow your assets over the course of your lifetime to ensure that there are sufficient assets left at the end of your life to pass down to loved ones. For that reason, asset protection planning tools and strategies should be included in your estate plan. Some of the threats to your assets are well known; however, others are less obvious. An Indianapolis asset protection planning attorney at Frank & Kraft explains how your in-laws … [Read more...] about How Can My “In-Laws” Threaten My Assets?
What Can I Do to Help My Estate Planning Attorney?
Working with an experienced estate planning attorney is the best way to ensure that your estate plan accomplishes all your goals and that it works as intended. Your attorney will provide you with advice and guidance during the creation of your estate plan; however, there are also things you can do to help your estate planning attorney to increase the overall success of your plan. Toward that end, a Carmel estate planning attorney at Frank & Kraft explains what you can do to help your estate … [Read more...] about What Can I Do to Help My Estate Planning Attorney?
5 Important Steps to Take after an Alzheimer’s Diagnosis
Unfortunately, the odds are favorable that you, or someone close to you, will be diagnosed with Alzheimer’s disease at some point during your lifetime. Accepting, and adjusting to, the diagnosis takes time. Even knowing it is likely, you cannot prepare for the psychological impact of an Alzheimer’s diagnosis. There are, however, some steps you can take following the diagnosis that will help everyone involved to manage the reality of life with Alzheimer’s. With that in mind, the experienced … [Read more...] about 5 Important Steps to Take after an Alzheimer’s Diagnosis
Should I Discuss My Estate Plan with My Family?
If you have an estate plan in place, you already recognize the numerous benefits an estate plan offers. Once your plan is in place, however, you may struggle with deciding how much (if any) of the details of that plan to share with beneficiaries and heirs of your estate. Ultimately, it is a very personal decision; however, the Indianapolis estate planning attorneys at Frank & Kraft discuss the advantages and disadvantages of discussing your estate plan with your family. Advantages of … [Read more...] about Should I Discuss My Estate Plan with My Family?
Why Is Updating Beneficiaries Crucial to Your Estate Plan?
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?
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?
