Estate Planning Attorneys in Indianapolis, Indiana

Frank & Kraft, Attorneys at Law

135 N. Pennsylvania Street, Suite 1100
Indianapolis, Indiana 46204

Phone(317) 684-1100
Fax (317) 684-6111

Law Firm Overview

Our firm is dedicated to providing you with quality estate planning resources, so you can become familiar with all of the existing options. When you visit or call our office, we want you to feel comfortable discussing such an important issue concerning both you and your family.



Frank & Kraft, Attorneys at Law - Providing services in the following areas of law:

Articles Published by Frank & Kraft, Attorneys at Law

 Vehicles of Asset Transfer: Choose the Optimal Solutions

You have options when you are arranging for the transfer of assets to your loved ones. In this instance we are not talking about the choice of a single vehicle of transfer.

Read Article

 Comprehensive Planning Includes Estate Administration

Estate administration is something to take into consideration when you are making preparations for the inevitable.

Read Article

 Nursing Home Costs on Upward Spiral

Elder law attorneys will educate their clients about the eventualities of aging. Along these lines you would do well to recognize the fact that a significant percentage of seniors will spend time in a nursing home.

Read Article

 SSA Forcing Conversion to Direct Deposits

The ongoing future of the Social Security program is a subject that is often discussed within elder law circles.

Read Article

 How Do You Provide for Pets When Planning Estate?

If you were to get yourself a dog or cat as a senior citizen you may be taking a very positive step. It is not uncommon for elders to experience a sense of loneliness and pet ownership can certainly make a big difference. However, when you are planning your estate you must ask yourself what would happen to your dog or cat after you pass away.

Read Article

 Unified Exclusion Applies to Estate Plus Taxable Gifts

You may have heard the term "unified exclusion" if you have started to do any research into the field of estate planning as you look ahead toward your own future. What this is referring to is the amount of resources you can pass along to your loved ones without facing the prospect of paying a hefty tax.

Read Article

 Legal Professors Examine DIY Last Wills

When you are looking for the facts with regard to products and services a highly respected go-to resource is Consumer Reports. Their website and their hard copy magazine are great sources of information, and their research is conducted in a totally objective and unbiased manner.

Read Article

 Do You Have a Spendthrift Heir?

If you have a spendthrift heir you may want to take steps to make sure that this family member does not burn through his or her inheritance too quickly. Once you are gone this inheritance can be the only thing standing between a particular individual and extreme financial hardship, so the stakes are high.

Read Article

 NBER Sheds Light on Plight of Many Seniors

The National Bureau of Economic Research recently took on the subject of retirement preparedness. There are some 10,000 baby boomers applying for Social Security every day and this volume is expected to continue for some 20 years. As a result, huge numbers of people are approaching retirement and experts in the elder law field are looking for answers with regard to just how these individuals will fare economically during their senior years.

Read Article

 Give Less to the IRS, More to Family

Once you come to the realization that your store of financial assets exceeds the unified estate/gift tax exclusion amount you have a pleasant problem on your hands. You have to seek ways to gain tax efficiency,and one possibility would be to give certain types of gifts to family members or others that you care about.

Read Article

 Ongoing Choices Have Everything to Do With Retirement

People are free to make their own choices in life and you ultimately have to live with the results. This is something to keep in mind when you consider the topic of retirement. If you make the choice to proceed without any particular financial plan in place while acting in a less than prudent manner with regard to your spending you may enjoy certain experiences. However, the accumulation of this lifestyle could leave you lacking when you start to approach the typical retirement age.

Read Article

 Kinkade Case Apparently Headed to Court

Is a Will that you execute by hand when you are "three sheets to the wind"valid? This is an interesting question and it is one that is going to have to be answered by the courts in the state of California. A handwriting expert actually used that phrase to describe the state of mind of an individual who would have penned the last Wills that have been presented by deceased painter Thomas Kinkade's live-in girlfriend.

Read Article

 Consider Potential Fallout When Making Plans

When you record your final wishes you are merely asserting your decisions in private. If you are keeping things confidential nobody will know the details until after you pass away so you will not be privy to any reactions. But when these details do in fact emerge interested parties are going to have opinions, and they may not always be positive.Clearly,this is going to be true if you disinherit someone who felt as though he or she was in line for a bequest.

Read Article

 Portability Provision Slipping Away

There are some changes to the estate tax parameters pending at the end of this year when the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 expires. Some of them are rather high profile like the increase in the rate to 55% and the decrease in the exclusion to just $1 million.

Read Article

 Alternative to Assisted Living Facility

The idea of being uprooted and moving into an assisted living community is not an especially pleasant one for many senior citizens. People become attached to their homes and this can be particularly true of elders who may have stored so many memories within these friendly confines.

Read Article

 Legal Action is Required for Committed Couples

If you were to ask yourself how you would want your possessions distributed if you were to pass away at any given time you may well find that you would not want everything to go to your legal next of kin. This is going to be especially true if you are in a committed relationship.

Read Article

 Elders Must Use Caution on the Internet

Some people have no shame, and this is evident when you look into the statistics regarding elder financial abuse. This has become a big problem in the United States today and it is an issue that is a source of concern within the elder law community.

Read Article

 Don't Let Impulses Steal Your Retirement

Statistics indicate that the majority of people who reach the age of eligibility rely on their Social Security benefits to provide most of their income. This can be either grossly inadequate or perfectly acceptable depending on two factors: The exact amount of your benefit and the financial responsibilities that you have when you enter into retirement.

Read Article

 Are You Aware of Medicare Limitations?

It is a rude awakening when you start to reach middle-age and find that you are not prepared for retirement. One of the reasons why far too many people find themselves in a bad position is because they expect too much from Social Security and Medicare.

Read Article

 Who Will Represent Your Estate?

Once you have drawn up your Last Will you have taken an important first step, but things are not going to simply take care of themselves when the time comes. After you pass away your estate is going to have to be probated before the rightful heirs to the estate receive their inheritances.

Read Article

 A Rudimentary Glance at Revocable Living Trusts

As you are making preparations for the future you are going to want to discuss all of the possibilities with an experienced local Indianapolis estate planning lawyer. Out of a lack of information there are those who go forward assuming that a last will is the best and only choice, but this is a mistake.

Read Article

 Do You Have a Specific Funeral Vision?

If you let the chips fall as they may with regard to funeral arrangements they are not going to fall into a void. The responsibility is going to land squarely in the laps of your family members, and this is something to keep in mind if you have made no final plans on your own.

Read Article

 The Legacy of Dick Clark

There have been precious few individuals in the history of the entertainment industry who have had the type of impact that Dick Clark had over his long and illustrious career. The professional legacy of Dick Clark will live on for generations to come, and he really laid the groundwork for the merger of music and television that is so commonplace today.

Read Article

 Year-End Tax Increases Getting Closer

Now that we are getting well into the year it is important to recognize the fact that there are some significant changes to the tax laws scheduled to kick in at the end of 2012. These alterations may make it necessary for you to make changes to your estate plan and perhaps your long-term financial plan as well.

Read Article

 What Services Do Medicaid Lawyers Provide?

Medicaid is the federal program that provides healthcare benefits to a wide variety of people including uninsured individuals with low income, pregnant women, certain children and disabled individuals, and senior citizens who need nursing home care. However, in order to receive Medicaid benefits individuals must meet financial eligibility requirements.

Read Article

 Prepaid Funeral Plans

The prepaid funeral plan is basically a plan that allows someone to prepay for their final arrangements, as well as plan them in advance. The money is either held in trust until it is needed, or will be taken from an insurance policy. Due to the rising costs of funerals and burials, the prepaid funeral plan has become very popular in recent years.

Read Article

 Incapacitation Planning for GLBT Persons

Planning for when you may become incapacitated is critical for everyone, but especially so for gay, lesbian, bisexual, and transgendered persons as GLBT couples do not always have the same rights as heterosexual married couples under the law. It is very important for GLBT people to think through what they want to happen if they cannot take care of themselves and their finances.

Read Article

 Worried about Paying for College? A 529 Plan Can Help

Saving for a child's college education ranks right up there with paying off your mortgage and saving for retirement in terms of major money concerns. It can be especially hard for the sandwich generation--those not only having to paying for college but helping out their elderly parents.

Read Article

 When Should You Start Thinking about Estate Planning?

If you are even thinking about this question, the answer is probably NOW. You need to start the process of estate planning now. Especially if you have a house and mortgage, children, and other assets, you need to start getting a plan in place.

Read Article

 How Can I Become Someone's Guardian?

A friend or family member has become incapacitated, physically or mentally, and cannot take care of themselves and their finances. You want to step up to help. What can you do to become their guardian? First, get an attorney to help you with the process. Have a complete understanding of the health, living conditions, and finances of the person you want to help.

Read Article

 Do You Need a Will or a Living Trust?

One of the most common mistakes that people make with estate planning is in thinking that if they are not wealthy, they don’t need a living trust. If you consider the value of everything you own, such as you home, vehicles, bank accounts, art collection, jewelry, and life insurance, you will likely find that your estate is worth much more than what you think.

Read Article

 A3 – What is Living Probate?

When we die, our property typically goes through probate – a process where the courts read our Will (if we have one), appoint an executor of our estate and determine how our assets should be distributed. This is known as “death probate.” Living probate works much the same way except that it occurs while we are still living.

Read Article

 IRA vs. 401(K)

When we’re planning for our future, we want to be sure we choose the best plans, the best programs and the best instruments for the job. But so many options can make it difficult to decide where to put your money. Do you focus on your 401(k) or go after the popular Roth IRA? Here’s a quick way to simplify your decision:

Read Article

 Five Ways to Store Your Estate Documents

Where you keep your estate documents is important. Your documents must be kept safe from natural disasters while remaining easy for your family to find after you pass away. There are five common ways to store your estate documents safely.

Read Article

 Prenuptial Agreements Serve Important Estate Planning Function

Prenuptial agreements still get a bad rap. People often crack jokes when talking about them, saying they are for the paranoid, the pessimistic, and the greedy and how unromantic they are. But wanting or signing a prenup doesn't mean you are planning for divorce. In reality, they serve a very important estate planning function, particularly in second marriages. Such agreements can also be made after marriage and are called post-nuptial agreements.

Read Article

 Spendthrift Trusts Protect the Financially Challenged

If you want to leave money to a friend or family member when you die, but are worried about their financial acumen, you might want to consider establishing a spendthrift trust. A spendthrift trust protects people who may be mentally incapacitated or who may waste money by establishing a trust overseen by someone (a trustee) who controls the funds. The beneficiary cannot spend the money before getting a distribution.

Read Article

 Roll Over Your 401K

If you have an employer sponsored 401k and you happen to leave your current job, you’ll probably have some decisions to make about how to handle that money going forward. In most cases if you have $1,000 or less in your 401k, you will probably get that money in the mail within a month or two after you stop working for the company.

Read Article

 How to Create a Family Tree

Creating a Family Tree is a helpful method to guarantee your estate plan encompasses all your wishes for distribution of your property. A comprehensive estate plan includes a Last Will and Testament, Living Trust, Living Will and insurance policies. Depending on your personal circumstances, you may or may not need all of these documents. Each of these documents involves making specific bequests to family, friends or charitable organizations.

Read Article

 The Basics of Adult Guardianship

Adult guardianship is a legal proceeding in which a ‘ward’ is found lacking in the capacity to care for themselves and legally authorizes a guardian to make their decisions. Adult guardianship is often required when an elderly person can no longer care for themselves because of declining health, dementia, a stroke or another medical condition. Adult guardianship is a court procedure during which the ‘ward’ is found to be mentally incompetent and lacking the capacity to care for themselves.

Read Article

 Forbes Article Updates Amy Winehouse Estate Details

According to a news piece that is appearing on the Forbes website the late multi-Grammy award-winning pop singer Amy Winehouse died intestate. The article cites probate records as the source of this information. This is indeed news because it flies in the face of earlier reports. The tabloids from across the drink published stories shortly after the death of the mercurial diva praising her stalwart estate planning efforts.

Read Article

 Ubiquity of Dementia Demands Action

Everyone has heard of Alzheimer's disease, a debilitating condition that causes dementia among our nation's senior citizens. People who suffer from dementia can find it difficult to understand certain concepts, and as a result they can find it impossible to make sound decisions for themselves.

Read Article

 Preserving Wealth - A Concern for Facebook Founders

If you have more money than you're going to be able to spend during your lifetime you have to consider tax efficient asset transfers. Clearly Facebook founders Mark Zuckerberg and Dustin Moskovitz are in this situation. And, they are also in possession of shares that are going to increase in value dramatically when the company goes public.

Read Article

 Don't Give Large Gifts Without Legal Counsel

You have to be extremely careful about giving gifts of significant value in light of the looming threat of the federal gift tax. Right now this tax carries a 35% rate, and if this was not high enough it is scheduled to rise to 55% at the beginning of 2013.

Read Article

 Durable or Springing POA

One of the most important documents you should have in your estate plan is a Power of Attorney. But do a little research on POAs and you’ll discover there’s more than one type: General, Durable and Springing. So which one do you need?

Read Article

 What is a Durable Financial Power of Attorney?

A durable financial power of attorney (POA) is a document that grants authority to someone of your choosing to handle your financial matters. This can include paying your bills, accessing your bank accounts and even selling or buying assets and negotiating real estate deals.

Read Article

 What is Long Term Care Insurance?

Contrary to popular opinion, long term care insurance is not health insurance or even disability insurance. Instead it covers the expenses of long term care services, such as those you’d receive from home health care professionals or in a skilled nursing facility.

Read Article

 Is it Possible to Contest a Trust?

We’ve all heard of Will contests; long, drawn out battles over whether grandma was in her right mind when she cut Uncle George out of his share of the family fortune. But what if Grandma had established a trust instead? The truth is that it’s possible to contest a trust, although trust challenges are not nearly as common as suits to challenge a Will and one of the reasons may be the privacy factor.

Read Article

 How to Appeal a Denial of Social Security Benefits

Although you may not have any problems qualifying for your Social Security benefits once you reach retirement age, there is always a chance that you could be denied. If this happens to you, there’s no need to panic. You can appeal the denial and still stand a good chance of getting approved. In fact, over half of those denied Social Security benefits are approved after they appeal.

Read Article

 What Are the Benefits of an IRA Trust?

Ordinarily, when you have an Individual Retirement Account (IRA),you name a beneficiary and, at your death, the IRA goes to that person. The beneficiary has complete control over the account and can choose a couple of routes. The wisest choice is to maximize the value of the account by “stretching it out” and taking only the required minimum distributions for his lifetime – this also results in minimal income taxes.

Read Article

 For Gay Couples Estate Planning Can't Wait

A lot of people tend toward procrastination, and of course most of us live busy lives and you do have to prioritize the things that are immediately relevant. Since passing away is firmly entrenched at the bottom of most people's to-do list it is not uncommon for individuals to put estate planning on the back burner.

Read Article

 A Last Will May Not Be Best Choice

If you are like a lot of people you may think that planning your estate simply equates to having a last Will drawn up. Of course you can indeed use a last Will to elucidate your final wishes, but it is important to understand the fact that you have choices and the truth is that a last will is not always going to be the best choice.

Read Article

 Understand Limitations of POD Accounts

There are some rather simple tools that can be utilized to arrange for the transfer of assets to your loved ones, and perhaps the simplest would be payable on death or transfer on death accounts. These accounts are offered at banks or savings and loans and at many brokerages. As the name implies, the accounts become payable or transferable at death.

Read Article

 FLP Can Be Effective Solution

It would be logical to consider giving gifts to people that you would otherwise be leaving inheritances to while you are still alive in an effort to gain estate tax efficiency. However, the powers that be are well aware of this logic as well. Therefore, there is a gift tax in place that is unified with the estate tax.

Read Article

 Home Familiarity Can Be Valuable To Seniors

When you are considering the eventualities of aging it is important to understand that there is a good possibility that you will need living assistance at some point in time

Read Article

 Cost Efficient Estate Planning

There are websites dotting the cyber landscape that want you to think that you can plan your own estate.

Read Article

 Military Service Can Pave the Way Toward Comfortable Retirement

Unless you are in a very rarefied financial position you are going to have to plan ahead intelligently to be able to enjoy a comfortable retirement. Just going through life day to day without any plan is probably going to leave you lacking as you start to get near the typical retirement age. Unfortunately, a lot of people find this out when it is too late to get on track.

Read Article

 Don't Forget Fido When Estate Planning

If you have a dependent in the home, you have to make sure that you have made provisions with regard to a guardian should this child be left on his or her own. This is one of the reasons why estate planning is as important for younger adults as it is for senior citizens.

Read Article

 Long-Term Care Insurance Financing Strategy

Long-term care is extremely expensive and the fact is that Medicare does not pay for it. So, if you truly want to be prepared for all the eventualities of aging you are going to have to be proactive about addressing these potential expenses.

Read Article

 Charitable Giving: Keeping it Simple

Many people decide that they would like to provide for charitable organizations when they are making long-term financial plans. This can be personally rewarding of course, and there are often tax benefits to be gained through philanthropic efforts.

Read Article

 A GST Can Provide Tax Savings

One of the things that you have to concern yourself with when you are planning your estate is asset erosion. The most significant form of this erosion is the federal estate tax, and in the same way that a body of water can erode a landmass generation in and generation out the estate tax can keep coming in waves.

Read Article

 Making Your Medical Wishes Known

People can sometimes have very different perspectives on the same subject, and this is something to consider when you are devising a plan for aging and eventual death. If you don't make each and every one of your wishes known, your family members may wind up having to come to some kind of mutual decisions.

Read Article

 2012 Estate Tax Exclusion: First the Good News

One of the things that critics point out about the estate tax is the fact that the exclusion frequently moves around. So one family could be forced to pay an exorbitant tax on a particular sum of money during a particular year while another family could pay nothing at all on the same amount of money because a loved one died during a different year.

Read Article

 Don't Underestimate Probate Expenses

Everyone knows what a last will is intended to achieve, and it is indeed the most commonly utilized instrument in the field of estate planning. However, it is important to recognize the fact that this is not your only option when it comes to transferring assets to your loved ones after you pass away.

Read Article

 A Brief Glance at Family Limited Partnerships

You see a lot of acronyms when you are trying to learn about some of the tools that are used in the field of the estate planning and one of them is the FLP. These initials stand for family limited partnerships, and they are primarily useful for people who want to gain tax efficiency when they are giving gifts to family members.

Read Article

 Does Gift Tax Make Sense?

We are all taught from an early age that generosity is a positive quality. There are few more satisfying feelings than seeing a smile cross the face of someone you care about when they open up a Christmas or birthday gift. Giving is said to be its own reward, and the ineffable feeling that goes along with it is indeed quite palpable.

Read Article

 Do You Have a Retirement Date in Mind?

Intelligent long-term planning is essential for most people if you want to be prepared to enjoy your retirement years to the fullest.

Read Article

 A QPRT Can Be the Solution

Home ownership has long been the key to wealth building in the United States, the recent downturn in the housing market notwithstanding.

Read Article

 Alterations to Estate Tax Parameters on Tap for 2013

If you want to be prepared every step of the way you have to go forward with the understanding that estate planning is an ongoing process.

Read Article

 COLA on Way for People on Social Security

Retirement planning attorneys stress the importance of making preparations for the future because they are aware of all the details surrounding entitlement programs for senior citizens.

Read Article

 A QPRT Can Be the Solution

Home ownership has long been the key to wealth building in the United States, the recent downturn in the housing market notwithstanding.

Read Article

 Estate Planning Is Ignored by Majority

If you were to put your mind to the question you may assume that a significant percentage of people don't have an estate plan in place.

Read Article

 Talk of Medicaid Cuts - A Source of Concern for Many Seniors

Theoretically speaking Medicare has always been intended to be a program that provides senior citizens with a health care safety net while Medicaid exists to give people with limited financial means access to medical treatment. However, over the years Medicaid has become more and more important to many of our nation's seniors, largely because of the fact that Medicare does not pay for long-term care expenses.

Read Article

 How To Avoid Will Challenges

When it comes to preparing your financial assets for transfer after your death, an estate planning attorney's advice is going to be invaluable on many different levels.

Read Article

 Are Baby Boomers Financially Prepared for Retirement?

When retirement planning attorneys emphasize how important it is to make preparations for the future they do so because they are fully cognizant of the facts.

Read Article

 CRUT Can Be a Useful Part of Your Estate Plan

There are some estate planning instruments that can fit into your estate plan perfectly under certain circumstances that are not typically understood by the layperson.

Read Article

 Estate Tax: A Lot is Riding on This Gamble

Whether you are the gambling type or not, you have no choice but to be involved in a high-stakes gamble regarding the estate tax. Depending on the whims of the lawmakers in Washington, your family may wind up paying nothing at all to the IRS or millions of dollars on the same amount of money.

Read Article

 Final Arrangements

Aside from the financial aspects, planning comprehensively for the latter portion of your life requires a 360° perspective

Read Article

 Estate Planning: You Have Options

A lot of individuals who have not done any research into the subject assume that they are going to be drawing up a last will when they get serious about estate planning. In fact, you’ll see websites out there contending that planning your estate is the easiest thing in the world. All you have to do is purchase a blank generic last will document and fill in the blanks and it is as simple as that.

Read Article

 Estate And Gift Taxes Are Unified

When you are engaged in the process of estate planning one of the primary objectives is going to be to do what is necessary to prevent asset erosion.

Read Article

 Too Many Eschew Retirement Planning

They say that time flies, and it would appear as though a significant portion of the baby boomer generation is finding out just how true this statement is.

Read Article

 Estate Planning: Have You Remembered Your Dog or Cat?

Estate planning is an involved endeavor on a number of different levels. Of course you have to prepare your assets for eventual transfer to your loved ones, and this can be rather complicated for some people.

Read Article

 Extending Retirement Date Can Be Wise

There are folks who go through life with the vague belief that they will be retiring when they reach their middle 60s without recognizing the fact that this is not a given. The word “retirement” can sometimes sound like a entitlement and it would certainly be nice to be able to relax and enjoy the latter portion of your life without having to work. But in the end, the word simply defines the decision to step away from your career.

Read Article

 Estate Plan Updates May Be Called for

It is important to understand the fact that the initial estate plan that you put in place is probably not going to be appropriate forever. If you were to visit with an estate planning attorney when you are a young adult you may execute advance health care directives, put together a last will, and make sure that you have adequate life insurance coverage.

Read Article

 Intelligent Estate Planning Can Include Educational Gifts

One of the things that you must concern yourself with when you are planning your estate is the looming specter of the estate tax. At the present time the estate tax exclusion is $5 million and the rate of the tax is 35%. So you may think that you are not exposed to the estate tax if your estate is worth less than $5 million. However, these parameters are not permanent.

Read Article

 Medicaid Eligibility & Gift Giving

Long-term planning is challenging because you have to anticipate future events. Some are personal and unique to you and your family, and others are changes to the collective landscape that we all must deal with. The best way to proceed is to be aware of the current lay of the land with a full understanding of all of your options. Of course this is best achieved with the expert guidance of an experienced estate planning attorney.

Read Article

 Avoiding Probate – Does it Matter to You?

Nearly two hundred years ago Benjamin Franklin wrote, “Nothing is certain but death and taxes.” In current times, probate is often the step that occurs between a person’s death and the payment of their remaining taxes. Probate is the legal process supervised by the court system which insures that a deceased person’s estate is properly distributed and all remaining bills are paid.

Read Article

 The Dangers of Dying Intestate

Many people think that wills are only for the rich. I do not have a lot of property, why should I worry about having a will. Some people just do not like to think about dying and drafting a will seems morbid. If you do not execute a will before you die, you die intestate. Dying intestate means that what property you have will be divided among your remaining relatives by the laws of intestate succession.

Read Article

 How Special Needs Planning Protects Your Loved Ones

With professional special needs planning, you can rest assured that money set aside for a loved one’s care will be protected, as well as not hinder their ability to receive other kinds of assistance.

Read Article

 New Year Ushers in Revised Estate Tax

The estate tax was repealed in 2010 due to a provision that was contained in the Economic Growth and Tax Relief Reconciliation Act of 2001. This was a welcome respite from what many derisively refer to as the “death tax,” but it was scheduled to return in 2011. When the tax was last in effect in 2009, the exclusion was $3.5 million, and the top rate of the tax was 45%.

Read Article

 2010 Long Term Care Study Raises Concerns

Estate planning is part of the broader field of elder law, which invariably includes retirement and incapacity planning. All of these things are connected, and to put it bluntly, you can't pass along what you don't have. So the expenses that you incur during the years that precede your death are going to impact your estate quite profoundly unless your wealth is truly extraordinary.

Read Article

 What is Assisted Living?

Assisted living is a type of residence for the elderly and disabled that may need assistance with daily living, but don’t necessarily need around the clock care like is available from nursing facilities. When someone lives in an assisted living residence, they have far more privacy and independence that they would have if they were a resident at a nursing facility. Residents of an assisted living facility are free to come and go whenever they choose.

Read Article

 All about Probate Attorneys

Probate attorneys are a calming and supportive presence, guiding the executor of an estate through the process of estate settlement. When a loved one dies and you’ve been named in a position of responsibility, executor, it can be an overwhelming and stressful time in your life. The probate attorney knows this and will help you.

Read Article

 Generation Skipping Trusts Can Provide Tax Savings

Due to provisions that are contained in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, the estate rate was reduced from the 55% that had been scheduled down to 35% in 2011 and 2012.

Read Article

 Was the Estate Tax Relief Sufficient?

As the 2010 calendar year started to wind down, talks in Congress intensified about the possibility of extending the Bush era tax cuts. Included in the discussions was the possibility of altering the parameters of the estate tax.

Read Article

 A Look at Probate Avoidance

When you start to explore the subject of estate planning you are invariably going to hear about probate avoidance. People who are new to the subject may not even know what probate is much less why they might want to avoid it, so we will take a look at the matter here.

Read Article

 Long-Term Care & Medicaid

When you are keeping your finger on the pulse of elder law issues the costs associated with long-term care stand out as a matter of ongoing concern.

Read Article

 A Look at the Veterans A & A Pension

Those who are planning for the latter stages of their lives are tasked with the responsibility of trying to make projections with regard to the expenses they can anticipate.

Read Article

 Standard Will vs. Living Will

A lot of people hear the term “estate planning” and immediately think about the document called a will, or last will and testament.

Read Article

 Are Entitlements for Seniors Sacrosanct?

One of the most pressing matters facing lawmakers on Capitol Hill at the present time is the federal budget.

Read Article

 Advance Health Care Directives Are Important Piece

When you are planning for the future there are a number of different components that you must include if you want to be totally prepared for any and all eventualities.

Read Article

 Your Estate and Your Small Business

One of the primary reasons why it is advisable to retain the services of an estate planning attorney when you're planning for the future is the fact that every situation is unique. Though there are websites that would tell you otherwise as they to try to sell "one-size-fits-all" template documents, the best course of action is going to vary on a case-by-case basis.

Read Article

 Revocable Living Trust or Last Will?

Many people equate estate planning with the creation of a last will. While it is true that the last will is the most widely used estate planning vehicle it is not always the best one. The primary reason why alternatives are often suggested is because of the fact that your estate must pass through probate when you use a last will as your vehicle of asset transfer. Many people choose to avoid probate, and there are a few good reasons for doing so.

Read Article

 Estate Planning: Keep Your Pets in Mind

One of the challenges that you face when you are planning your estate is the fact that its distribution will be your final act of giving. You will no longer be there when your loved ones need assistance, so this final act of giving is a profound one indeed. Of course some of your family members will usually need the help more than others, but none of them will be more dependent than the four-legged variety.

Read Article

 Communication with Your Estate Planning Attorney

Estate planning is a legal matter that differs a great deal from some of the other issues that you may have encountered that required legal advice on a couple of different levels. For one thing, estate planning involves some very sensitive and highly personal information. Of course there is the financial side of things, and revealing all of your financial data to another person is always going to require a certain level of trust.

Read Article






Frank & Kraft, Attorneys at Law
Frank & Kraft, Attorneys at Law Office Location


Find a Local Lawyer