A Revocable Living Trust is a common estate planning tool that has many benefits. As a revocable trust, the person creating the trust, the grantor, retains the ability to change or rescind the document at any point. The document is called a “living” trust because it is applicable throughout one's … [Read more...] about Revocable Living Trusts
Minnesota Estate Planning
How a Prenuptial Agreement Can Protect Your Estate
There are many circumstances that can impact an estate plan, not the least of which is your marital status. Spouses are granted a wide variety of rights to each other’s property in the event of death or divorce. While the laws do vary from state to state, there is often a difference in how … [Read more...] about How a Prenuptial Agreement Can Protect Your Estate
Why Shouldn’t I use a Form from the Internet?
In this computer age, when so many tasks are accomplished via the internet -- including banking, shopping, and important business communications -- it may seem logical to turn to the internet when creating a legal document such as a will. Certainly, there are several websites advertising how easy … [Read more...] about Why Shouldn’t I use a Form from the Internet?
Preparing to Meet With an Estate Planning Attorney
A thorough and complete estate plan must take into account a significant amount of information about your assets, your family, your property, and your wishes during and after your life. When you schedule your Personal Strategy Session at Lewis Kannegieter Law, Ltd. you are asked to complete a client … [Read more...] about Preparing to Meet With an Estate Planning Attorney
Why New Parents Need an Estate Plan
Becoming a new parent is a life changing experience, and caring for a child is an awesome responsibility as well as an amazing joy. Among the many things for new parents to do to provide for their children is to complete their own estate plan. This is the time to think about your child's future by … [Read more...] about Why New Parents Need an Estate Plan
Planning for Your Final Sendoff
Although most people don’t like to think about it, death is inevitable. It’s imperative that you have an estate plan in place that outlines your end of life wishes and how you would like your assets distributed upon your passing. As part of your planning, it’s important that you consider and make … [Read more...] about Planning for Your Final Sendoff
Costs Associated with Dying Without a Will
When someone dies without a will, it is known as dying intestate. In such cases, state law (of the state in which the person resides) governs how the person's estate is administered. In most states, the individual's assets are split -- with one third of the estate going to the spouse and all … [Read more...] about Costs Associated with Dying Without a Will
Charitable Giving
Many people give to charity during their lives, but unfortunately too few Americans take advantage of the benefits of incorporating charitable giving into their estate plans. By planning ahead, you can save on income and estate taxes, provide a meaningful contribution to the charity of your choice, … [Read more...] about Charitable Giving
Living Trusts & Probate Avoidance
You want your money and property to go to your loved ones when you die, not to the courts, lawyers or the government. Unfortunately, unless you’ve taken the proper estate planning steps your heirs could lose a sizable portion of their inheritance to probate court fees and expenses. A … [Read more...] about Living Trusts & Probate Avoidance