Indianapolis elder law lawyers at Frank & Kraft can help you to make the type of plans you need to have a more secure future. No matter what your age or family situation, it is important that you use legal tools effectively to protect yourself and your loved ones. You want to put plans in place before it is too late and you lose control over your ability to leave the legacy that you desire.
Frank & Kraft is here to help. We will work with you to customize a plan appropriate to your life stage, your family relationships, and your goals for what will happen in retirement, at the end of your life, and after your death. You should give us a call today to find out about the personalized help that we can offer and to ensure that you have the right documents and tools so you and your family will be secure no matter what happens.
Give us a call today to learn more or read on to find out about some of the key ways Indianapolis elder law lawyers can help you.
Indianapolis Elder Law Lawyers Help You Prepare for Retirement
Indianapolis elder law lawyers will assist you in making sure you are financially ready for retirement. This is a process that should ideally begin early in your career so you can save the money that you need to pay for your retirement lifestyle. Frank & Kraft helps you by assisting you in understanding the rules for Individual Retirement Arrangements, or IRAs.
IRAs are tax-advantaged accounts that you can invest in to make retirement saving easier — but you need to know contribution limits, whether you are eligible to contribute, and the special rules for what happens when you pass away and heirs or beneficiaries inherit an IRA. Frank & Kraft will work with you to get the answers you need to make informed investments in your IRA.
Indianapolis Elder Law Lawyers Help You Protect Your Money and Property
There are risks to your wealth throughout your life, and especially as you get older. When you begin to age, you may find yourself in a situation where you need costly long-term care services. If you are getting older, you should put plans in place so long-term care at home or nursing home care in an institutional setting can be paid for. Medicare won’t provide coverage, so unless you have a plan in place — such as making sure you can qualify for Medicaid coverage — you could end up having to impoverish yourself to afford the cost of care you need if you get sick.
Indianapolis Elder Law Lawyers Help You Secure Your Legacy
You should also work with an experienced attorney to understand what will happen after you pass on. You want to put plans in place to specify who should inherit your money or property and also to address any unique needs that your heirs or beneficiaries may have.
For example, if you have a disabled loved one, that person shouldn’t inherit directly in most cases because this could cause a loss of access to means-tested benefits. You’ll want to work with Indianapolis elder law lawyers to find the best way to structure an inheritance so money and property can quickly pass on to new owners.
Getting Help from Indianapolis Elder Law Lawyers
Indianapolis elder law lawyers can provide the type of personalized advice that you need so you and your loved ones will be prepared for whatever life brings you. It is important that you make advanced plans so you and your family will be as safe and secure as possible even if you need nursing home care or develop an illness, and so you family will be protected in case of your death.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.