If you have an estate plan in place already, you are ahead of over half the population in the United States. Taking the time to create that plan, however, is only the first step toward protecting everyone and everything that is important to you. You must also update your plan for it to be successful and work as intended. For example, the Indianapolis estate planning attorneys at Frank & Kraft explain the importance of updating your beneficiary designations. Where Are the Beneficiaries in … [Read more...] about Why It Is Important to Update Your Beneficiary Designations
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How Does Life Insurance Work in My Estate Plan?
For many people, life insurance plays an integral role in their estate plan. Exactly what role it plays, and how much life insurance is necessary, can be difficult to determine though. Moreover, both the type and amount of life insurance you need can change over the course of your lifetime.An Indianapolis estate planning attorney at Frank & Kraft helps you decide what type and how much life insurance is right for you. Not All Life Insurance Is Created Equal Deciding how much … [Read more...] about How Does Life Insurance Work in My Estate Plan?
What Are the Steps Involved in Probating an Estate?
If you were appointed to be the Executor of the estate in the decedent’s Last Will and Testament, time is of the essence when it comes to safeguarding your loved one’s estate. As such, you need to get started in your role as Executor as soon as possible. If you have never served as an Executor, you may not know where or how to begin. To get you started, the Indianapolis probate attorneys at Frank and Kraft explain some common steps involved in probating an estate. Probate Basics Over the … [Read more...] about What Are the Steps Involved in Probating an Estate?
What Happens If Siblings Can’t Agree on a Parent’s Care?
Decisions relating to a parent’s care can often spur conflict among siblings. If you find yourself in a situation where you and your siblings appear unable to agree on medical treatment or an overall care plan for your parent, what can you do? Are there any practical options that might help? What legal options do you have if a resolution becomes impossible? To help answer some of these questions, an Indianapolis elder law attorney at Frank & Kraft discusses what happens if siblings cannot … [Read more...] about What Happens If Siblings Can’t Agree on a Parent’s Care?
Leaving a Legacy of Charity
For some people, philanthropy is part of their everyday life. If you are one of those people, you may also wish to continue your charitable gifting after you are gone. With that in mind, an Indianapolis estate planning attorney at Frank & Kraft explains how you can incorporate charitable gifting into your estate plan. Passing Down Your Legacy through Charitable Gifts If philanthropy is part of your deeply held belief system, why not make it part of the legacy you hand down to your … [Read more...] about Leaving a Legacy of Charity
Estate Taxes Made Easy
Protecting your estate assets to ensure they are available to pass down at the end of your life should be an important consideration in any comprehensive estate plan. One of the biggest potential threats to your estate assets occurs just after your death in the form of federal gift and estate assets. An Indianapolis estate planning attorney at Frank & Kraft federal gift and estate assets for those who are unfamiliar with how the tax is levied and collected. What Happens after Your … [Read more...] about Estate Taxes Made Easy
LGBTQ+ Estate Planning Remains Necessary
Members of the LGBT community and their supporters have finally achieved some tangible results in their battle for equality in recent years. Does that mean that the heightened need for estate planning is no longer applicable to members of the LGBTQ+ community? Not necessarily. While the recent victories are cause for rejoicing, estate planning remains important for members of the LGBTQ+ community according to the Indianapolis estate planning attorneys at Frank & Kraft. Recent LGBT … [Read more...] about LGBTQ+ Estate Planning Remains Necessary
What Are the Alternatives to Entering a Nursing Home?
One of the many consequences of the elderly population explosion is the corresponding increase in the need for healthcare services aimed at seniors. Specifically, the need for long-term care has increased dramatically in recent years. Most seniors, however, would prefer to put off, if not avoid completely, the need for nursing home care. Fortunately, as the Indianapolis elder law attorneys at Frank & Kraft explain, there are alternatives to a nursing home for those seniors who … [Read more...] about What Are the Alternatives to Entering a Nursing Home?
How Will My Age at Retirement Affect My Social Security Benefits?
For millions of Americans, Social Security retirement benefits will play a significant role in their retirement planning budget. If you are one of those, you may be wondering at what age you should retire and start accepting your benefits. Because it does matter, the Indianapolis retirement planning attorneys at Frank & Kraft explain how the age at which you begin accepting Social Security retirement benefits impacts your benefit amount. The Social Security Retirement System Throughout … [Read more...] about How Will My Age at Retirement Affect My Social Security Benefits?
Do I Have Rights as the Beneficiary of a Trust?
If you are a beneficiary of a trust, you are dependent on the Trustee to administer the trust properly in accordance with the terms as set forth in the trust agreement. Most of the time, the beneficiaries of a trust receive their distributions as planned without any serious problems; however, it is possible for problems to occur during the administration of a trust. If you are a beneficiary of a trust, an Indianapolis estate planning attorney at Frank & Kraft explains your rights. Trust … [Read more...] about Do I Have Rights as the Beneficiary of a Trust?
