A Last Will and Testament is traditionally used to distribute estate assets in a simple estate plan. If your estate plan still uses a Will for its foundation, it might be time to consider another option – a trust. A trust can also be used to distribute estate assets after your death; however, a trust can also be used to help achieve a multitude of additional estate planning goals in the meantime. An Indianapolis estate planning attorney at Frank & Kraft discussing the use of a Will or a … [Read more...] about Should I Use a Last Will or a Living Trust to Distribute My Estate?
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The Hidden Value in Your Life Insurance
Like many of today’s seniors, you may be struggling to pay your bills with just a meager fixed income despite having worked hard all your life. What you may not realize is that you may have a hidden asset that can help. That life insurance policy you have been paying premiums on for years, even decades, may be more valuable to you than you realize. The Indianapolis estate planning attorneys at Frank & Kraft explain the hidden value in your life insurance. Do You Own a Life Insurance … [Read more...] about The Hidden Value in Your Life Insurance
Does My Parent Need a Geriatric Care Manager?
Trying to balance your own life while providing care for an aging parent can be difficult and exhausting. Navigating the various government programs and services, managing your time, and making sure your immediate family doesn’t suffer can seem like an impossible task. Working with a Geriatric Care Manager may be the solution to your problem. An Indianapolis elder law attorney at Frank & Kraft explains how a Geriatric Care Manager may be able to help you and your parent. The Truth … [Read more...] about Does My Parent Need a Geriatric Care Manager?
Is a Pre-Paid Funeral Contract Right for Me?
Thinking about your own funeral may not be something you want to do; however, it may be something you need to do, both for your sake and for the sake of your loved ones. When you do take the time to contemplate your funeral and burial, purchasing a pre-paid funeral contract may sound like an easy solution to an uncomfortable task. An Indianapolis estate planning attorney at Frank & Kraft explains why a pre-paid funeral contract may not be the right option for you. Do I Need to … [Read more...] about Is a Pre-Paid Funeral Contract Right for Me?
How the Opioid Crisis Leads to Elder Financial Exploitation
The opioid crisis in the United States is having a direct impact on the increase in financial exploitation of the elderly. An article published by the University of Southern California Center on Elder Mistreatment explains the correlation between the growth of the senior population and the opioid crisis in the U.S. The Indianapolis elder law attorneys at Frank & Kraft explain how the opioid crisis leads to elderly financial exploitation. The Opioid Crisis in the U.S. The news makes it … [Read more...] about How the Opioid Crisis Leads to Elder Financial Exploitation
What Should I Do with My Estate Planning Documents?
When the importance of estate planning is discussed, the focus is usually on choosing goals and deciding which tools and strategies to use to achieve those goals. People rarely discuss what you should do with your estate plan once it is complete. The Indianapolis estate planning attorneys at Frank & Kraft stress the importance of the steps you take with your estate plan after it is finished. What Is Included in a Comprehensive Estate Plan? The estate plan you create will be as … [Read more...] about What Should I Do with My Estate Planning Documents?
Preparing for Your First Meeting with an Estate Planning Attorney
Having an estate plan in place is one of the best gifts you can give to yourself and to your loved ones. Having never worked on an estate plan before, however, you may feel a little intimidated about your upcoming appointment. To help put you at ease, and to make the most out of your appointment, the Indianapolis estate planning lawyers at Frank & Kraft offer you the following tips on preparing for your upcoming consultation. Define your goals – when you think about estate planning, … [Read more...] about Preparing for Your First Meeting with an Estate Planning Attorney
How to Use a Trust to Avoid Leaving a Lump Sum Inheritance
Deciding who you wish to pass down your assets to is only the first step in estate planning for most people. You may also need to decide how you wish to pass down those assets. This is particularly true if you have a beneficiary to whom you are hesitant to gift a large lump sum inheritance. The Indianapolis trust attorneys at Frank & Kraft explain how to use a living trust to avoid leaving a lump sum inheritance. Traditional Gifting For most people, a Last Will and Testament serves as … [Read more...] about How to Use a Trust to Avoid Leaving a Lump Sum Inheritance
Not All Wills Are the Same — Which One Is Right for You?
For most people, a Will is the first estate planning document they create and it frequently remains the foundation of an estate plan even after that plan expands over the years. What you may not know is that all Wills are not created equal. There are, in fact, several different types of Wills from which to choose. To ensure that you execute the right type of Will for you, the Indianapolis estate planning attorneys at Frank & Kraft explain the different types of Wills. Simple Will -- a … [Read more...] about Not All Wills Are the Same — Which One Is Right for You?
Indiana in Bottom Half of States for Elder Abuse Protection
As the population of older Americans continues to increase, we have also experienced an increased awareness of issues that impact them, including the prevalence of elder abuse, neglect, and financial exploitation. States across the nation are scrambling to try and prevent, or at least combat, the problem of elder abuse, with varying success. According to a recently released study by Wallet Hub, the State of Indiana is among the bottom half of all states for elder abuse protection. The Baby … [Read more...] about Indiana in Bottom Half of States for Elder Abuse Protection
