Approximately 70 percent of Americans over the age of 65 will need some level of long-term care services in their lifetime with 40 percent needing care in a nursing home. If you find yourself, or someone you love, in need of long-term care, it is important to also understand the rules and regulations that apply to LTC facilities. To get you started, a Carmel elder law attorney at Frank & Kraft explains long-term care transfer and eviction rules you need to know.. Your Federal and State … [Read more...] about Long-Term Care Facility Rules You Need to Know
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How the Medicare App Can Help You
Medicare is a federally funded health care program that most seniors rely on to cover the costs associated with health care services. Understanding the rules and procedures of the Medicare program, however, can be frustrating for seniors. Now there is an app that can help. An Indianapolis elder law attorney at Frank & Kraft explains how the Medicare app can help you. Introducing the Medicare App For most of us, the older we are, the more we spend on health care. Whether it starts at 55 … [Read more...] about How the Medicare App Can Help You
What Can I Do with the IRA I Inherited?
An inheritance can come in many forms. One of the assets that is frequently passed down to loved ones is an IRA or 401(k) account. If you recently inherited one of these accounts, you need to understand the rules and the tax consequences that go along with your inheritance. Toward that end, an Indianapolis estate planning attorney at Frank & Kraft explains the options for an inherited IRA or 401(k). Estate Tax Basics When an individual passes away, his/her estate typically has to go … [Read more...] about What Can I Do with the IRA I Inherited?
How to Be a Long-Distance Caregiver
When an elderly family member (or loved one) reaches a point at which care is necessary, most of us want to be the one to provide that care. If you happen to live far away, however, caring for your loved one can be challenging. With planning and vigilance, it is possible to be a long-distance caregiver though. To make your job easier, an Indianapolis elder law attorney at Frank & Kraft explains how to be a long-distance caregiver. Caregiving from a Distance Once upon a time, it … [Read more...] about How to Be a Long-Distance Caregiver
The Cost of Early Retirement
If you are close to retirement age, you are probably counting down the time until you get there. Deciding exactly when you get there, however, is a decision you must make first. Before you make that decision, it is important for you to fully understand the financial cost you will pay if you elect to take an early retirement by starting your Social Security retirement benefits sooner rather than later. Toward that end, an Indianapolis elder law attorney at Frank & Kraft explains the … [Read more...] about The Cost of Early Retirement
Are You Cohabitating? If So, Estate Planning Is Essential
According to the Pew Research Center, there are close to 20 million cohabitating adults in the United States as of 2019. A growing number of those are people over the age of 50. In fact, the number of cohabitating couples over age 50 grew 75 percent in just ten years. An Indianapolis estate planning attorney at Frank & Kraft explains why estate planning is essential for cohabitating couples. The Changing Times Not all that long ago it was almost unheard of for two unmarried people of … [Read more...] about Are You Cohabitating? If So, Estate Planning Is Essential
What Legal Steps Must Be Taken after a Loved One Dies?
When a loved one passes away, we typically focus on the emotional impact of that loss during the immediate aftermath. Someone, however, must also focus on the legal steps that need to be taken following a death. If that person is you, and you have never before been in this position, you likely don’t know where to begin. A Carmel Probate attorney at Frank & Kraft explains some of the most common legal steps that must be taken following the death of a loved one. Who Is in Charge? Often, … [Read more...] about What Legal Steps Must Be Taken after a Loved One Dies?
Digital Assets – Are They Included in Your Estate Plan?
Just about everything you do leaves a digital trail anymore. Moreover, almost everything important to us can be stored in some type of electronic format. What happens to that digital trail and those electronic files when you die? Do you want someone to be able to access them? Conversely, do you want to ensure that no one can access them? Can anyone access those accounts without your permission after your death? A Carmel estate planning attorney at Frank & Kraft explains why it is important … [Read more...] about Digital Assets – Are They Included in Your Estate Plan?
Senior Sexual Abuse — It Happens More Often Than You May Realize
The population of older Americans has increased dramatically in recent years, due in large part to the fact that the Baby Boomer generation is reaching retirement age. With seniors now accounting for such a large segment of the population, issues that concern them have taken on a heightened importance. Sadly, this includes the prevalence of elder abuse in its many forms. While we are paying more attention to abuse and neglect of the elderly, one type of elder abuse remains somewhat of a taboo … [Read more...] about Senior Sexual Abuse — It Happens More Often Than You May Realize
What Are the Powers of the Executor of the Will?
Probate is a legal process that the average person knows very little about unless they have been through the process following the death of a loved one. If the decedent left behind a Last Will and Testament, the person in charge of overseeing the probate of the estate is the person named as Executor in that Will. If you find yourself named as the Executor of an estate, you may wonder what powers you have. To help you better understand what you can, and cannot do, a Carmel probate attorney at … [Read more...] about What Are the Powers of the Executor of the Will?
