Elder law lawyers at Frank & Kraft provide many different types of services as you plan for what your future will hold. One of the most important types of services that our firm provides is help with retirement planning. Making a retirement plan is something that you should do as early as possible in your lifetime because you need to start saving when you are young to have enough money to retire. You want to ensure that you have a goal in mind for your chosen retirement age … [Read more...] about What Age Should Seniors Plan on Retiring?
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How Your Heirs Could Put Your Assets at Risk
Asset protection lawyers help you to take concrete steps to ensure that your assets are protected from the biggest risk factors that you face. When you work hard to acquire wealth, you deserve to be able to use that wealth to achieve financial security for yourself and for the people you love. Unfortunately, there are many different risks to the money and property you have worked for. You need to identify those risks and find ways to mitigate them using the most effective legal … [Read more...] about How Your Heirs Could Put Your Assets at Risk
Retirement Investment Accounts Have New Limits in 2018
Indianapolis elder law attorneys can help you to be proactive about creating a plan for a secure retirement. Today, many people have no access to traditional workplace pension plans, called defined benefit plans, which paid a guaranteed income throughout your retirement. Instead, many employees — particularly in the private sector — either have no retirement accounts at all or have access only to a 401(k). Because you have to take control over your own retirement savings and … [Read more...] about Retirement Investment Accounts Have New Limits in 2018
How to Provide for A Disabled Relative Without Putting Medicaid Benefits at Risk
Carmel Medicaid attorneys can help you to take steps to protect access to important Medicaid benefits. Medicaid benefits are means-tested, which means that benefits could be lost if you have too much wealth. Because of the strict rules for Medicaid eligibility, it is important to understand the rules for this important program if you hope to qualify for it or if want to ensure your actions do not inadvertently cause someone else to lose benefits. One of the big issues that can arise … [Read more...] about How to Provide for A Disabled Relative Without Putting Medicaid Benefits at Risk
Top Reasons for Avoiding Probate
Indianapolis elder law attorneys can work with you to create a comprehensive plan for avoiding probate. The probate process typically must take place after a death has occurred unless you take steps to try to avoid it. Many people don't want their families to have to go through the probate process after a death, so using tools such as trusts, pay-on-death accounts, and joint ownership are common practices when creating an estate plan. Frank & … [Read more...] about Top Reasons for Avoiding Probate
What to Do After Getting an Inheritance
Carmel estate planning lawyers provide help with the creation of a plan that allows you to structure an inheritance for heirs or beneficiaries in an appropriate manner. The people in your family who you wish to leave your assets to may have unique needs that necessitate you use special estate planning tools. For example, if you have a disabled relative who you hope to provide for, you may need to use a special needs trust in order to provide access to means-tested benefits … [Read more...] about What to Do After Getting an Inheritance
Common Mistakes in Medicaid Planning
Medicaid planning is vitally important to ensure that you are able to afford essential healthcare services that you may need as you get older or if you get sick. Medicare and private insurance provide no coverage for custodial care, which is the type of care that many people require in a nursing home or provided at home as they age and develop infirmities. http://online.wsj.com/ad/article/longtermcare-futureBecause custodial care is very expensive and isn't covered at all by … [Read more...] about Common Mistakes in Medicaid Planning
What Seniors Need to Know About Retirement Income
Elder law attorneys help you to address many important issues that matter as you get older. Elder law attorneys don't just help with things like making a last will and testament or creating a plan in case you become sick or incapacitated. We also help you to plan and prepare for a secure retirement. People are living longer than ever, and many people have too little money saved for retirement and so are uncertain about what income will be available to them. You want to … [Read more...] about What Seniors Need to Know About Retirement Income
How to Provide for A Disabled Relative Without Putting Medicaid Benefits at Risk
Carmel Medicaid attorneys provide assistance with securing access to Medicaid coverage, if such access becomes necessary. We also provide assistance in protecting and preserving access to Medicaid. Medicaid is a means-tested program and there are strict qualification requirements, so anyone who wishes to obtain benefits or who doesn't want to lose benefits will need to understand the rules. One issue commonly arises in connection with Medicaid: disabled people often rely on it, … [Read more...] about How to Provide for A Disabled Relative Without Putting Medicaid Benefits at Risk
Top Reasons for Avoiding Probate
Indianapolis elder law attorneys can help you as you make plans for your assets to transfer to heirs or beneficiaries after you pass on. There are many different things you will want to consider as you determine the right legal tools to transfer assets to your loved ones. One of the issues that you may arise relates to whether you want your assets to transfer during the probate process -- which commonly takes place after a death -- or whether you would prefer to transfer assets … [Read more...] about Top Reasons for Avoiding Probate
