Working with a Minnesota trust and estates attorney is an excellent way to prepare for the future and to protect the assets you want to pass on to your loved ones after you’re gone. A qualified estate planning lawyer will be able to offer you valuable advice, not only on setting up a will or trust, … [Read more...] about Making Long-Term Care Insurance a Part of Your Estate Plan
Minnesota Estate Administration
How to Create a Business Succession Strategy
Small businesses are the backbone of this country. They employ more than half of the domestic workforce and contribute greatly to the economy. 9 out of every 10 small businesses are family-owned. But most of those do not make it past the third generation of family ownership. Many small business … [Read more...] about How to Create a Business Succession Strategy
Working with an Estate Planning Attorney to Secure Your Children’s Financial Future
One of the most important aspects of estate planning is the overall effect it will have on an individual or couple’s children. Whether these are minor children who will need a guardian or adult children who are already on their own, the need for financial planning exists. A good estate planning … [Read more...] about Working with an Estate Planning Attorney to Secure Your Children’s Financial Future
4 Steps to Avoid Stress at the End of Life
In general, Americans are very uncomfortable talking about end-of-life issues. It can be hard for people to think about (and plan for) their own death, let alone the death of their loved ones. I get it. Yet by not discussing these issues, you are leaving your future caregivers (most often your … [Read more...] about 4 Steps to Avoid Stress at the End of Life
5 Most Infamous Estate Planning Battles
When done properly, an estate plan affords peace of mind to those creating it and leaves behind a legacy for their loved ones. But, sometimes estate planning can go awry – and it’s usually due to eccentricities held by either the creators of the estate plan, the beneficiaries, or both. To give a … [Read more...] about 5 Most Infamous Estate Planning Battles
How to Use a 529 Plan to Save for Education Expenses While Benefiting Your Estate
If you’ve heard of a 529 Plan, you probably think of it as a means of education funding for your children or your grandchildren. These plans are sponsored by state agencies or educational institutions, and they’re available to people of all income brackets. While a 529 Plan is a great tool for … [Read more...] about How to Use a 529 Plan to Save for Education Expenses While Benefiting Your Estate
COVID-19 Through the Lens of An Estate Planning Attorney
For more than a decade I have helped clients with their estate plans. Things are different now. Previously, a potential client reached out to me wanting to talk about wills or trusts. I would explain that an estate plan is so much more than just the will. It’s taking a big picture look to make sure … [Read more...] about COVID-19 Through the Lens of An Estate Planning Attorney
Issues to Consider with an Out-of-State Probate
It’s become more and more common now to see clients come in with estate planning or probate cases that involve multiple states. From clients with a family cabin across the border in Wisconsin or mineral rights to land in North Dakota to “snow birds” who spend the winters away from Minnesota’s … [Read more...] about Issues to Consider with an Out-of-State Probate
Estate Planning for Your Minnesota Small Business
When it’s time to start your estate planning process (that time is right now, by the way), entrepreneurs need to remember to take their small businesses into consideration. Whether you own the entire business outright and work for yourself or you simply own a portion of the entity, you will … [Read more...] about Estate Planning for Your Minnesota Small Business
