Blog Author: Stephen C. Hartnett, J.D., LL.M. (Tax), Director of Education, American Academy of Estate Planning Attorneys, Inc. This is another in a series of blogs on the basics of estate planning. Trusts are incredibly useful tools. But, like other useful tools, they do not fit every circumstance. They must be used appropriately. For example, a hammer is an exceptional tool to use when looking to drive a nail into a wall. But, if you hit the nail with a glancing blow, the nail will bend … [Read more...] about Basics of Estate Planning: Two Common Mistakes with Trusts
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Is Your Doctor Burned Out?
A Indianapolis Medicaid attorney provides you with help in making certain that you can cover the costs of care that you need. As you get older, you may experience illnesses or a decline due to age that necessitates you get more intensive medical services or that necessitates you receive nursing home care. Medicare should cover most seniors, but there are limits on coverage that could result in substantial financial loss. Frank & Kraft will work with you to make certain that you can qualify … [Read more...] about Is Your Doctor Burned Out?
How Can You Avoid Getting Unwanted Medical Care in an Emergency
An elder law lawyer at Frank & Kraft can offer you assistance in preparing for what could happen if you get very sick or if you sustain an injury. There are unfortunately, many tragic situations where an illness or an injury could leave you unable to give consent to medical care that you may need to sustain your life. For example, if you suffer a stroke or if you are involved in an auto accident and you sustain a brain injury, you may be unable to talk with your doctors about treatment … [Read more...] about How Can You Avoid Getting Unwanted Medical Care in an Emergency
What if You Make the Wrong Kind of Trust?
An Indianapolis trust attorney will provide help with selecting the correct type of trust to create. Trusts are versatile and powerful legal tools that can help you to achieve many different goals, from protecting your wealth to protecting your loved ones. But, the very versatility that makes trusts so useful can also make it difficult for individuals to create trusts without getting legal advice. The problem is, far too many people make the wrong type of trust and end up not getting the … [Read more...] about What if You Make the Wrong Kind of Trust?
How Can You Pass a Business Onto Your Kids?
An estate planning attorney should be consulted if you are a business owner so you can take steps to ensure you have made appropriate plans for the survival of your company after you are gone. You want to ensure that your company is able to survive long beyond your years so you can pass your business down to the next generation. Your company should serve as your legacy, but it is up to you to make certain that you can actually pass your business on. There are different ways to … [Read more...] about How Can You Pass a Business Onto Your Kids?
Tools You Can Use to Protect Your Wealth
An Indianapolis asset protection attorney helps you to keep money and property safe so your assets are not at risk from common sources of loss. You work too hard to build a nest egg, only to see all that you have worked to build lost due to bad luck or mismanagement. There are tools you can use to try to protect your wealth and to maximize the chances that your money and property can provide you with financial security and serve as your legacy. Frank & Kraft will help you to use the asset … [Read more...] about Tools You Can Use to Protect Your Wealth
Trust Administration Benefits Compared with Probate
Trust administration is a method of transferring assets after the death of a trust creator. This method of transferring assets is utilized when the assets to be transferred are held in a trust. The ability to transfer assets through trust administration is one key reason why many people create trusts. If assets do not transfer in this way, and if other estate planning tools are not used to facilitate the timely transfer of assets, assets may have to transfer through the probate process. There … [Read more...] about Trust Administration Benefits Compared with Probate
Who Oversees the Trust Administration Process?
An Indianapolis trust administration lawyer can provide you with legal representation if you are creating a trust, if you are a trust beneficiary, or if you are involved in any way with the trust administration process. The trust administration process occurs after a trust creator – called a settlor – passes away. It is an alternative process to probate, and it facilitates the transfer of trust assets to the heirs or beneficiaries who will take ownership. Frank & Kraft has … [Read more...] about Who Oversees the Trust Administration Process?
How Should You Research Nursing Homes to Find the Right Home?
A nursing home lawyer at Frank & Kraft will help you to plan ahead for getting quality care in a nursing home. There is around a 70 percent chance you'll spend some time in a nursing home if you make it to age 65 or older, according to the Wall Street Journal. You want to be prepared in case you need care so you can live in a high-quality environment that maximizes your quality of life. Unfortunately, high costs of nursing home care and an epidemic of elder abuse make it difficult … [Read more...] about How Should You Research Nursing Homes to Find the Right Home?
What are the Biggest Risks to Protect Your Assets From?
Indianapolis asset protection attorneys provide comprehensive advice on keeping your money and property safe and secure. There are many risks to the wealth that you have worked to acquire and it is up to you to take steps to minimize and mitigate those risks so you can pass money and property on to your loved ones and so your nest egg sees you through your senior years. Frank & Kraft has helped many clients to successfully use legal tools to reduce the risks of assets being lost … [Read more...] about What are the Biggest Risks to Protect Your Assets From?
