Small business owners need to ensure that they talk with asset protection lawyers about how they can keep their wealth safe. There are steps that should be taken both to protect personal assets during the course of the business owners life and to ensure that the company can pass seamlessly onto heirs or beneficiaries after the death, disability, or other departure of the business owner. Frank & Kraft can provide personalized advice on the asset protection … [Read more...] about Why Small Business Owners Need Help with Asset Protection
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Senior Advocates Form Army of Guardians
An elder law attorney can provide help in choosing a healthcare proxy and in creating a power of attorney so you have a trusted friend or family member who can make decisions on your behalf if you become unable to act of your own accord. Making plans in advance for who will serve as your agent in case of incapacity is important because your agent could end up making life-and-death medical decisions on your behalf. Unfortunately, there are some circumstances where people … [Read more...] about Senior Advocates Form Army of Guardians
Who Should Have a Probate Lawyer
Indianapolis probate attorneys can help to make the probate process when someone has passed away and assets must be transferred in probate court. The probate process can be time consuming and costly, and many people find it to be stressful. This is why so many people make an estate plan to try to avoid the probate process so their heirs or beneficiaries can inherit more quickly outside of court. Unfortunately, if your loved one has passed and plans have not been … [Read more...] about Who Should Have a Probate Lawyer
How Indianapolis Elder Law Attorneys Can Help You Prepare for Retirement
Indianapolis elder law attorneys can provide you with personalized help preparing for retirement. We can assist you in taking steps to get your plans underway early in your career so you can achieve financial security as a senior and be ready to retire when you feel ready to leave the workforce. We can also provide you with assistance when you are nearing retirement to ensure that your affairs are in order and that your nest egg will last throughout your retirement. It … [Read more...] about How Indianapolis Elder Law Attorneys Can Help You Prepare for Retirement
Retirement is Complicated
Many factors go into retirement decisions. This article examines many of those factors, such as where to retire, access to healthcare, income taxation, estate taxation, property taxation, etc. This article includes many links to helpful lists. Retirement is Complicated … [Read more...] about Retirement is Complicated
Basis is Important in Estate Planning
When choosing the direction to take in estate planning, it’s important to consider the impact on income tax basis. This article examines the nature of basis and follows an example from acquisition of property to death and looks how basis is adjusted along the way. Since the property is included at death, the basis receives a step-up to the value of the property at death. Upcoming articles will examine how common estate planning strategies impact income tax basis. Basis is Important in Estate … [Read more...] about Basis is Important in Estate Planning
Treasury Releases New Inflation Adjustment
The new tax law doubled the estate tax exclusion through 2025. This article looks at the exact amount of the new exclusion (it’s not what you thought) and how it might be useful. The article also examines why there’s no reason not to take advantage of the newly-doubled exclusion. Treasury Releases New Inflation Adjustment … [Read more...] about Treasury Releases New Inflation Adjustment
Estate Planning: Simple is not Always Better
Clients often want the simplest estate planning solution possible. While keeping it simple is an understandable goal, the simplest solutions are not often the best. This article shows a couple simple solutions for estate planning and why, in most circumstances, a living trust is at the center of a more robust estate plan and more likely to provide the desired protections. Estate Planning: Simple is not Always Better … [Read more...] about Estate Planning: Simple is not Always Better
Retirement: It’s not Just About the Money
Many factors go into retirement decisions. This article examines some of those factors. Being financially prepared is one aspect. Having your estate planning in order is another. But, being socially and psychologically ready for retirement are yet other aspects which people often don’t consider. Be ready for your next phase of life, this article will help you get there. Retirement: It’s not Just About the Money … [Read more...] about Retirement: It’s not Just About the Money
How Are You Planning for Long-Term Care (LTC) Expenses?
What’s the right direction for you in planning for future medical expenses? The odds are even that you’ll need long-term care (LTC) after age 65, at least for a while. Here are possible paths for covering those potential costs. How Are You Planning for Long-Term Care (LTC) Expenses? … [Read more...] about How Are You Planning for Long-Term Care (LTC) Expenses?
