When most people think about estate planning, they think about making decisions regarding the distribution of their estate assets when they are gone. While that is certainly an important part of an estate plan, it shouldn’t be the only consideration when you create your estate plan. For example, the impact taxes will have on your plan should also be taken into consideration. An Indianapolis estate planning attorney at Frank & Kraft discusses whether you need to worry about an Indiana … [Read more...] about Does Indiana Have an Inheritance Tax?
Blog
Wills and Trusts General Information
You will likely use a simple Last Will and Testament as the foundation for your initial estate plan. Over the course of your lifetime though, your estate and your family may grow, calling for additional estate planning strategies and tools to address that growth. For many people, adding a trust is the next step. You may even decide to rely on that trust as your primary vehicle for the distribution of your estate assets. To help you learn more about both, an Indianapolis estate planning attorney … [Read more...] about Wills and Trusts General Information
5 Ways to Avoid Probate
Probate avoidance is among the most common of all estate planning goals. If you hope to limit, or even eliminate, your estate’s exposure to the probate, you must plan accordingly. Toward that end, an Indianapolis estate planning attorney at Frank & Kraft explains five ways to avoid probate. What’s the Big Deal about Probate? When an individual dies, the assets owned by that individual at the time of death make up the decedent’s estate. Probate is the term given to the legal process … [Read more...] about 5 Ways to Avoid Probate
How to Include Your Pet in Your Estate Plan
If you have a family pet, you probably consider that pet to be a member of the family. You undoubtedly schedule regular visits to the veterinarian to make sure your beloved pet is healthy and happy as well as make plans for your pet’s care when you leave town. One thing you may not have done yet though is include your family pet in your estate plan. As part of the family though, your pet should be included in your plan. An Indianapolis estate planning attorney at Frank & Kraft discuss how to … [Read more...] about How to Include Your Pet in Your Estate Plan
Estate Plan Updates for Seniors
Creating a comprehensive estate plan is one of the most valuable gifts you can give to yourself and to your loved ones. An estate plan that functions as intended will protect your assets and help them grow over the course of your lifetime as well as ensure that your loved ones are provided for in the event of your death or incapacity. If you have an estate plan in place already, however, you are not done yet because reviewing and revising your existing estate plan is just as important as … [Read more...] about Estate Plan Updates for Seniors
Top 5 Reasons to Choose Your Executor Wisely
For most people, the first estate planning document they create is a Last Will and Testament. When you create your Will, your focus will likely be on the gifts you make to loved ones in your Will. While the distribution of your estate assets is certainly an important aspect of creating your Will, the appointment of an Executor is also important. In fact, your choice of Executor is probably much more important than you realize. A Carmel estate planning attorney at Frank & Kraft offers five … [Read more...] about Top 5 Reasons to Choose Your Executor Wisely
What Is Trust Administration?
Although once used almost exclusively by wealthy families, trusts are now commonly found in the average person’s estate plan. If you are contemplating the addition of a trust to your estate plan, it is important that you choose the right Trustee to administer that trust. Understanding the trust administration process a little bit better may help you choose the right Trustee. Toward that end, an Indianapolis trust administration attorney at Frank & Kraft explains what is involved in … [Read more...] about What Is Trust Administration?
Do I Need a Geriatric Care Manager?
As we age, so do our parents. If you are an adult child who has reached the point where you are now providing care for an aging parent, you may also be feeling a bit overwhelmed. No matter how well-intentioned you may be, caring for an elderly parent can become too much at times. According to a Carmel elder law attorney at Frank & Kraft, a geriatric care manager may be the solution. Caregiver Facts and Figures If you are the primary caregiver for an elderly parent (or other loved one), … [Read more...] about Do I Need a Geriatric Care Manager?
What’s Wrong with Using a Do-it-Yourself Will Form?
Before you decide to use a Do-It-Yourself form to create your Last Will and Testament, you should understand who may pay the price for that decision. To help you better understand, a Carmel estate planning attorney at Frank & Kraft explains what’s wrong with using a Do-it-Yourself Will form. The Price Your Loved Ones Pay In today’s electronic age, where everything can be found on the internet, it may seem easier to simply download a Last Will and Testament form and fill in the blanks … [Read more...] about What’s Wrong with Using a Do-it-Yourself Will Form?
Elderly Fall Dangers and How to Avoid Them
Most of us have an elderly family member that we cherish. That also means we worry about our loved one. One common source of that worry is the risk of a fall. The elderly, after all, are particularly susceptible to falling and are more likely to be seriously injured if they do fall. To help you keep your loved one safe, a Carmel estate planning attorney at Frank & Kraft explains the elderly fall danger and offers tips to help prevent your loved one from falling. Elderly Fall Facts and … [Read more...] about Elderly Fall Dangers and How to Avoid Them
