When creating a comprehensive estate plan, many people think only of drafting a Last Will and Testament or forming a trust. While those documents are certainly important, other tools can also help ensure that wealth passes to loved ones efficiently. One of the simplest options available in Indiana is a Payable on Death (POD) account. This type of account allows you to designate a beneficiary who will receive the balance automatically at the time of your passing. Because POD funds transfer … [Read more...] about Payable on Death (POD) Accounts and Your Indiana Estate Plan
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How Does OBBBA Impact Estate Planning in Indiana?
Estate planning should go beyond drafting a Will or storing documents in a folder. A well-designed plan safeguards assets, supports family members, and furthers charitable or personal objectives. For individuals with significant wealth, anticipating how federal and state estate tax rules apply is also a critical aspect of comprehensive estate planning. The One Big Beautiful Bill Act (OBBBA), passed in 2025, introduced major changes to federal estate and gift tax laws, creating both opportunities … [Read more...] about How Does OBBBA Impact Estate Planning in Indiana?
Top 5 Misconceptions about Trusts
Trusts are a vital component of many estate plans, offering flexibility and protection for individuals who want to manage their assets effectively. Despite their benefits, misinformation and misconceptions often prevent people from considering trusts as part of their planning. To provide clarity, the Indianapolis attorneys at Frank & Kraft discuss the top five misconceptions about trusts as part of a comprehensive estate plan. Do You Have Questions About Misconceptions About Trusts in … [Read more...] about Top 5 Misconceptions about Trusts
Will Medicaid Pay for Home Health Care for Seniors in Indiana?
As we age, many of us get to a point where we need assistance with daily tasks and/or we need someone to monitor health conditions. Understandably, most older adults would find themselves in need of assistance would prefer to remain in the comfort of their own homes rather than relocate to a nursing facility. Aging in place allows seniors to retain a sense of independence, continue familiar routines, and stay connected to loved ones. The costs associated with home-based care, however, can be … [Read more...] about Will Medicaid Pay for Home Health Care for Seniors in Indiana?
Do I Need an Attorney to Probate an Estate in Indiana?
Managing the grief and emotions that follow the loss of a loved one is never easy, but it can be even more difficult to do when you are also trying to navigate the practical and legal matters that must be handled in the aftermath of death. If you were appointed as the Executor of an estate in Indiana, you may find yourself uncertain about the responsibilities involved in administering an estate. Fulfilling the role of Executor can be confusing and time-intensive, particularly if you have never … [Read more...] about Do I Need an Attorney to Probate an Estate in Indiana?
How to Minimize the Risk of Estate Litigation in Indiana
Even the most carefully designed estate plan cannot entirely prevent disputes after death. Family members may disagree over inheritance, raise questions about intent, or challenge the validity of estate planning documents in court. These conflicts can drain estate assets, delay administration, and damage relationships among loved ones. While litigation is always a possibility, there are proactive measures you can take to reduce the chance of disputes. With that in mind, the Indianapolis … [Read more...] about How to Minimize the Risk of Estate Litigation in Indiana
Steps Involved in Creating Your Indiana Last Will and Testament
For many individuals, drafting a Last Will and Testament is the first meaningful step in building an estate plan. A Will provides direction for how your property and responsibilities will be handled after your death. If this is your first time considering such a document, the process may feel daunting. Breaking it into clear, deliberate stages can make it far less overwhelming. The Indianapolis attorneys at Frank & Kraft outline several key steps that are commonly involved in preparing and … [Read more...] about Steps Involved in Creating Your Indiana Last Will and Testament
Minimizing the Risk of a Will Contest in Indiana
Drafting a Last Will and Testament is a deeply personal and significant step toward ensuring your wishes are carried out after your death. A Will allows you to decide who inherits your property, who oversees your estate, and how your affairs are handled. Even a carefully drafted Will, however, can face legal challenges which can cause delays, family strife, and substantial financial loss. While no one can prevent a contest with absolute certainty, there are practical measures you can take to … [Read more...] about Minimizing the Risk of a Will Contest in Indiana
Why Prepaid Funeral Plans May Not Be the Best Option in Indiana
Planning in advance for your own funeral and burial is one of the most thoughtful things you can do for your loved ones. When no plan exists, family members are left to make difficult decisions during a period of intense grief and disagreements can arise regarding how the service should be handled or how your final wishes should be interpreted. Worse still, your family may find themselves struggling to come up with the funds to pay for your burial within days of your passing. While prepaid … [Read more...] about Why Prepaid Funeral Plans May Not Be the Best Option in Indiana
Understanding How Medicare and Veterans’ Benefits Work Together in Indiana
Veterans in the United States are entitled to a broad range of benefits in recognition of their service to the nation. These benefits include access to health care services through the Department of Veterans Affairs (VA), both during active duty and into retirement. At the same time, most Americans anticipate relying on Medicare after reaching the age of 65. If you served in the armed forces and now reside in Indiana, you may wonder how your VA health benefits interact with Medicare coverage. … [Read more...] about Understanding How Medicare and Veterans’ Benefits Work Together in Indiana
