Receiving an inheritance is both an honor and a responsibility, and estate planning attorneys constantly see individuals who are just not ready to take that on appropriately. Unlike items of sentimental value, such as jewelry or family heirlooms, a financial inheritance was likely meant to be … [Read more...] about Monticello Estate Planning Attorney Asks: Do You Know How to Manage Your Inheritance?
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Emotional and Practical Considerations for Divorce
If you are contemplating divorce there are many things to think about. A divorce can impact all areas of your life and you don't want to go in to the process blind. Here are just a few things to consider. Sheer Change for All Involved Humans are built to seek a comfort zone. This doesn’t … [Read more...] about Emotional and Practical Considerations for Divorce
Minnesota Elder Lawyer Perspective: Legal Concerns for Caregivers
Elder lawyers in Minnesota work not just with our older clients, but also with their caregivers. In many cases, this means adult children who have or will be given power of attorney, not to mention those who just step up to help when something is needed. There are some legal issues that … [Read more...] about Minnesota Elder Lawyer Perspective: Legal Concerns for Caregivers
Is The New Year Time for a Divorce?
Divorce is never easy. It is hard to think about ending your marriage. Unfortunately, there are times when it is unavoidable. As we move into the new year, we all start to reexamine our lives. If you've been unhappy in your marriage it may be time to consider, “is the new year time for … [Read more...] about Is The New Year Time for a Divorce?
How Do You Treat Children Fairly When It Comes to Estate Planning?
Central Minnesota wills and trusts lawyers see just about every circumstance which results from a parent’s death. Some siblings handle the wills and trusts administration gracefully and with dignity, while others turn to squabbling and pettiness. When we work with our clients, they are often very … [Read more...] about How Do You Treat Children Fairly When It Comes to Estate Planning?
Five Common Reasons a Will May Be Invalid
There are several reasons that a will may prove invalid. It is important for testators to be aware of these pitfalls in order to avoid them. Improper Execution The requirements vary from state to state, but most states require a valid will to be witnessed by two people not named in the will. … [Read more...] about Five Common Reasons a Will May Be Invalid
Talk to your Family about Estate Planning Wishes
While the topic of death is not one that people want to think about, the truth is that it’s important to plan for what will happen once you die. For many families, the holiday season is the only time they come together all year. This can be a good time to talk to your family about estate planning … [Read more...] about Talk to your Family about Estate Planning Wishes
Is a copy of a will sufficient?
Many people keep their important documents at home where they are easily accessible. It’s not at all uncommon to find people with a filing cabinet or even a shoe box containing passports, account statements, deeds, tax returns, birth certificates and social security cards. Wills are often added to … [Read more...] about Is a copy of a will sufficient?
Testamentary v. Inter Vivos Trusts
The world of estate planning can be complex. If you have just started your research or are in the process of setting up your estate plan, you’ve likely encountered discussions of wills and trusts. While most people have a very basic understanding of a last will and testament, trusts are often … [Read more...] about Testamentary v. Inter Vivos Trusts
