Inheriting an asset can be a mixed blessing. While it might signify a meaningful bequest from a loved one, it also comes with its own tax implications. One of the most significant tax features to understand when inheriting property is the "step-up...
A recent survey counted over 18.2 million American Veterans over age 65. Many of these Veterans include those who served in World War II, the Korean War, the Vietnam War, and the Persian Gulf War. Suppose you are caring for an elderly...
Seniors and their families are left at a disadvantage as the costs of assisted living facilities continue to rise. While it may sometimes seem like there is no relief from these rising care costs, there may be a way for families to get a bit of...
When there's a significant age difference between your children, estate planning can require extra attention to detail. You're not only considering their immediate needs but also forecasting the challenges each child may face at different life...
If you have a child with special needs, you may be tempted to assume that if something happens to you or your partner, your other children will take care of their sibling. However, it's important to take the time now to create a legal plan for...
We live in an increasingly mobile society, resulting in many of us living far from our aging loved ones. Unfortunately, that means we might not have the kind of contact we did before – and may have a harder time noticing the signs of decline and...
Dealing with outstanding financial affairs after the loss of a loved one can be extremely difficult. Our Minnesota probate attorney often hear from clients who would rather do anything else than think about money after their loved one’s...
For many retirees, dividing time between two beloved locations is the dream. Known as "snowbirds," these individuals enjoy northern US states in the summer before flocking to warmer climes come winter. While this lifestyle has many advantages,...
If you've ever questioned the difference between guardianships and powers of attorney for seniors, you're not alone. As a Minnesota elder lawyer, I often field questions about these two distinct yet related legal mechanisms. Here's an explanation...