While many people consider a “simple will” an important part of taking care of their family after their death, they forget to consider including a versatile option: Trusts. Trusts come into being through a person’s will or a separate legal document establishing that trust. A person who creates a … [Read more...] about Trusts in Your Estate Plan
Minnesota Estate Planning
Parents and caregivers of special needs children in Minnesota understand the importance of planning ahead to ensure the future care of their loved one. For most families, this includes working with a special needs lawyer to create trusts and other legal documents which provide for the continuing … [Read more...] about What Does It Mean to ‘Fund’ A Special Needs Trust In Minnesota?
The best thing you can ever give someone you love is peace of mind. Stress and uncertainty can take a toll on all of us, the comfort and reassurance that comes from a well thought out plan can go a long way of relieving the burden. Update Your Will. Hire an attorney who will really take the … [Read more...] about Do Your Family A Favor
For many adults in Minnesota, the thought of estate planning conjures up visions of grandma and grandpa putting together a will or a trust to pass down their home or cherished heirlooms to family members. It’s all about providing for our offspring, right? Not necessarily. Even if you are single … [Read more...] about Planning Advice For Single Adults Without Children In Minnesota
While not everyone needs a will, most people could benefit from a will. You could use a will if: You would not want your property divided according to your state’s intestacy laws You would want to leave something to a person not recognized by your state’s intestacy laws (a non-marital … [Read more...] about Who Needs a Will?
While retiling the bathroom floor or installing new switch-plates throughout your house may be great DIY weekend projects, writing your own will should not make your to-do list. In the instance that the tile job is botched, you can hire a professional. If you botch your own will, there is nothing … [Read more...] about Unintended Inheritances: Another Reason to Avoid DIY Estate Plans
Sometimes the term “estate plan” can be overwhelming. Or people think, “I don’t have very much, I don’t need an estate plan” Estate planning is just the concept planning for the care of our children, our families, and our assets in the event of our incapacity or death. You don’t need to have a … [Read more...] about The Basic Estate Plan
The term “estate planning” has a tendency to send many people in a panic -too complex, full of legal lingo and complicated tax concepts. In his article Estate Planning Without Anxiety Peter Keating with SmartMoney Magazine does a good job of explaining the basic concepts. There are four simple steps … [Read more...] about Estate Planning Without Anxiety
There are two big misconceptions when it comes to estate planning: 1. Only the rich need to worry about estate planning 2. Only people with kids need to worry about estate planning. When it comes to estate planning, young adults with minimal assets and no children are all too often … [Read more...] about Estate Planning for Young Adults – the Documents that Every One Must Have