The decision of who to appoint as your personal representative or trustee is a huge one, and we’ve talked about it a bit in the past. Still, it’s important to make sure that you have the information you need to make the right choice with your...
For those who have served in the military, estate planning takes on unique considerations. Veterans have earned specific benefits and honors due to their service, and it's essential that these are incorporated into an estate and long-term care...
When a loved one enters hospice care, it can be a difficult and overwhelming experience. One of the most important things to consider is estate planning—which can help ensure that your loved one’s wishes are honored and surviving family members are...
Estate planning is a crucial topic, but it's often cloaked in sensitivity, especially when older loved ones feel that their finances are private matters. Knowing how to navigate this conversation respectfully and effectively is crucial. Why It...
An essential part of estate planning is designating beneficiaries for your life insurance policy, 401(k), and other financial accounts. A beneficiary is a person who receives someone's assets upon their death.There is no "correct choice" when...
When navigating the intricacies of Medical Assistance, particularly when planning for long-term care, you'll encounter terms that might be unfamiliar yet profoundly influential. One such term is "community spouse." As your local Minnesota elder law...
The holiday season is joyous for many. However, it can be overwhelming if you care for an older adult. People in their senior years often feel isolated from the outside world if they can't participate in certain festivities. Maybe they used to be...
Creating an estate plan feels like something you check off a to-do list. Once the task is complete, you can move on and forget about it. However, that is not the mentality you should take when drafting your final wishes. An estate plan should...
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...