One of the main benefits of estate and trust planning is the avoidance of probate proceedings. But what does that mean? And why should you want to avoid probate in the first place? The main reason to avoid probate in Minnesota is simply that it’s a long, public, and costly process that could have … [Read more...] about Why Do You Want to Avoid Probate in Minnesota?
Minnesota Estate Administration
Even those who don’t fully understand the probate process are pretty clear about the fact that they want to avoid it. As a Central Minnesota probate lawyer, I see so many cases where probate could have been shortened or avoided altogether if only people had more information. Probate is a legal … [Read more...] about Strategies to Help Your Family Avoid Central Minnesota Probate Court After You Pass Away
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
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
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
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