As an adult child, watching your parent deteriorate physically and/or mentally can be heart-wrenching. If you are lucky, your parent will deteriorate slowly and never completely lose control of his/her faculties. Sometimes, however, a parent’s physical and mental condition reaches a point at which you may need to step in and take control to prevent serious injury or victimization. If you find yourself at that point with your parent, it may be time to consider petitioning for guardianship over … [Read more...] about Indianapolis estate planning attorneys
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Is It Time to Update Your Living Will?
A comprehensive estate plan should do much more than just direct the distribution of your estate assets after your death. In fact, a well-rounded and properly drafted estate plan typically includes several important components, all of which work together to protect you and your assets. Incapacity planning is frequently one of those components. Likewise, advance directives are frequently used as part of an incapacity plan. If you executed a Living Will as part of your incapacity plan, it might be … [Read more...] about Is It Time to Update Your Living Will?
Understanding Osteoporosis
As we age, we eventually experience the physical and/or mental deterioration that goes along with the natural aging process. For one in three women and one in five men that means osteoporosis. The Indianapolis elder law attorneys at Frank & Kraft help you to understand what you need to know about osteoporosis. What Is Osteoporosis? Osteoporosis, which literally means porous bone, is a disease in which the density and quality of bone are reduced. Our bones are living tissue and … [Read more...] about Understanding Osteoporosis
How Can I Leave My Legacy Behind through Estate Planning?
You probably understand the importance of estate planning and the role it plays in your life; however, you may be unfamiliar with the concept of legacy planning. Legacy planning lets you leave behind much more of who you are and what made you the person you are today. The Indianapolis legacy planning attorneys at Frank & Kraft explain what legacy planning is and why you might want to incorporate it into your existing estate plan. Traditional Estate Planning A traditional estate plan … [Read more...] about How Can I Leave My Legacy Behind through Estate Planning?
Is Guardianship Necessary?
Are you an adult child who is having to watch your parent’s physical and/or mental health deteriorate? Are you concerned about your parent’s physical safety and/or ability to handle finances because of that deterioration? If so, you are probably struggling with a solution. Like most people in your position, the idea of taking away your parent’s independence by pursuing guardianship may not sit well with you. On the other hand, doing nothing could result in serious harm to your parent or to your … [Read more...] about Is Guardianship Necessary?
Trust Mistakes to Avoid Making
Although a Last Will and Testament is likely the cornerstone of your estate plan, you will also probably incorporate additional estate planning tools and strategies into that plan to ensure that all your goals are reached. For many people, that means incorporating at least one trust into their estate plan. The best way to ensure that you do not make any mistakes with a trust you create is to work closely with an experienced trust attorney. In addition, the Carmel trust attorneys at Frank … [Read more...] about Trust Mistakes to Avoid Making
Top 5 Estate Planning Questions Answered
Common tools and concepts used in estate planning are unfamiliar to the average person. This often makes the idea of creating an estate plan an intimidating prospect. I find that the more people learn about the estate planning process, the more willing they are to get started on their own plan. To take some of the mystery out of estate planning, therefore, the Indianapolis estate planning attorneys at Frank & Kraft answer five of the most common estate planning questions. When should I … [Read more...] about Top 5 Estate Planning Questions Answered
What to Do If You Are Considering an Unequal Division of Your Estate
If you have children, you have likely tried to treat your children equally and not play favorites. When it comes to deciding how to distribute your estate, however, an equal distribution may be problematic. When your children are young, there are no extenuating circumstances to consider which makes decisions regarding the distribution of assets within your estate plan much easier. Once they are adults, however, things may become more complicated, and you may have concerns about distributing … [Read more...] about What to Do If You Are Considering an Unequal Division of Your Estate
Intellectual Property and Your Estate Plan
Estate planning, by definition, involves making plans for your estate assets in the event of your death. Your estate consists of all real and personal property as well as tangible and intangible assets owned by you, or in which you share an ownership interest, at the time of your death. Assets such as your home, vehicles, investment accounts, and securities likely come to mind when you contemplate estate planning; however, there is another category of assets that may also need to be considered – … [Read more...] about Intellectual Property and Your Estate Plan
What Does It Mean If a Trustee Is Accused of Self-Dealing?
Trusts are frequently incorporated into a comprehensive estate plan. If you decide to incorporate a trust into your estate plan, you will need to appoint someone to be the Trustee of the trust. Your choice of Trustee is extremely important because your Trustee will be in a fiduciary role. There are several ways a Trustee can violate the duties that come with that fiduciary role. The Indianapolis trust administration attorneys at Frank & Kraft explain what it means if a Trustee is accused of … [Read more...] about What Does It Mean If a Trustee Is Accused of Self-Dealing?
