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?
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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?
Does an Irrevocable Trust Pay Capital Gains Taxes?
One of the most common additions to a well thought out estate plan is a trust because a trust can accomplish such a wide range of estate planning goals. To know whether a trust could be a beneficial addition to your estate plan, you need to better understand your trust options and the role taxes play when trust assets are sold by different types of trusts. An Indianapolis trust attorney at Frank & Kraft explains how capital gains taxes are treated when you create an irrevocable … [Read more...] about Does an Irrevocable Trust Pay Capital Gains Taxes?
Tips to Help Seniors Avoid Holiday Scams
During the holidays people make an extra effort to be friendly and really embrace the spirit of the season. Unfortunately, it is also prime time for scam artists. Although they may target anyone, these predators frequently target the elderly, particularly during the holiday season. The Indianapolis elder law attorneys at Frank & Kraft offers tips to help seniors avoid becoming the victim of holiday scams. What Makes the Holidays Prime Scam Season? Why are scammers more prolific during … [Read more...] about Tips to Help Seniors Avoid Holiday Scams
Things to Consider Prior to Creating a Trust
Although a Last Will and Testament will likely remain the foundation of your estate plan, as both your family and your estate grow, so will your estate plan. Additional estate planning tools and strategies will be incorporated into your plan to ensure that all your estate planning goals are met. One of the most common tools is a trust. If you decide to include a trust in your estate plan, you should work with an experienced trust attorney during the creation of the trust. In the meantime, … [Read more...] about Things to Consider Prior to Creating a Trust
How Much Does Probate Cost?
One of the most popular estate planning goals is probate avoidance. One of the most common reasons why people want to avoid probate is the cost involved in administering an estate. To better help you understand why avoiding probate is so desirable, the Indianapolis estate planning attorneys at Frank & Kraft explain how much probation the average estate could cost. What Is Involved in Administering My Estate? When you die, you will leave behind a legal estate consisting of all assets … [Read more...] about How Much Does Probate Cost?
