The number of adult children caring for their elderly parents is growing at a very fast pace. If you are a baby boomer and not already caring for an elderly parent, chances are high that you might be facing this situation soon. It isn’t always easy to know when, or how, to step in to ensure that … [Read more...] about Minnesota Will and Trust Lawyer: How to Know When It’s Time to Step in and Care for Your Elderly Loved One
Estate planning for a married couple is often pretty straightforward: you leave all of your property and money to your spouse who also takes care of the minor children. But what happens if both parents pass away unexpectedly or if you’re a single parent creating an estate plan? Parents will usually … [Read more...] about How to Leave Money or Property to Minor Children
As a Minnesota estate planning lawyer, it’s easy to see why so many people put off writing their wills. After all, no one really wants to think about their own death, let alone prepare for it. In reality, though, preparing by creating a will is exactly what we should all be doing. There are plenty … [Read more...] about Minnesota Estate Planning Lawyer on the Importance of Creating a Will Now
During the early stages of Alzheimer’s disease, your mom or dad will likely need help managing his or her financial and personal affairs. If your parent already has a Power of Attorney or living will in place, a new diagnosis of dementia should cause you to take a fresh look at those documents, … [Read more...] about Monticello Elder Lawyer on The Importance of Creating Designation Documents When a Parent Has Alzheimer’s Disease
Excluding someone from your will, particularly if it's your spouse or your child, can be complicated. In some states, it's not even allowed. Leaving out people who wouldn't automatically receive any of your estate is usually as simple as just not including them. However, if you do want to be … [Read more...] about Central Minnesota Will and Estate Lawyer Answers, “Can I Exclude My Spouse or Child from My Will?”
Unfortunately, many parents of children with special needs wait until their child turns 18 to consider creating a Special Needs Trust. Sometimes, they even wait until their child eventually needs government benefits like SSI or Medicaid. However, Special Needs Trusts do a lot more than just protect … [Read more...] about Central Minnesota Special Needs Lawyer: Special Needs Trusts Protect Government Benefits and MUCH More
One of the most common questions asked when it comes to settling an estate in Minnesota is, “How long is this going to take?” The answer to that question is, of course, going to vary depending upon several factors. In some situations, Minnesota probate may just take several weeks or a few months; in … [Read more...] about How Long Does It Take to Settle an Estate in Minnesota?
You’ve most likely seen articles and news segments about cryptocurrency. The most popular form is Bitcoin, but there are several others on the horizon. What is cryptocurrency? For the uninitiated, cryptocurrency is a digital or virtual currency that uses cryptography for security, making it … [Read more...] about When It Comes to Cryptocurrency, Estate Planning Is a Must!
What really happens if you don’t create a will, trust, or other estate planning documents and essentially keep your head in the sand? Any Monticello estate attorney will tell you, the honest truth is that you make things much harder, more costly, and more time-consuming for your loved ones if … [Read more...] about Here’s What REALLY Happens If You Don’t Have an Estate Plan in Place