When most people think about estate planning tools such as power of attorney, they imagine that they are solely for people who already have children, who have significant assets, or who are nearing the end of their lives. However, you may be surprised to know that many Minnesota estate planning … [Read more...] about Why a Power of Attorney Is So Important for Your College Student
Parent Sanity Protection Young Adult Plan
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
Surviving this world as a young, single adult can prove hazardous to your health. Not only do insurance companies charge a premium for auto insurance, but you’re relegated to crummy apartments with non-responsive landlords, loud neighbors, and beer cans in the front yard. You’re struggling to … [Read more...] about Over 18? You need to think about estate planning.
Do single people need to worry about wills, trusts, and estate planning? Yes! Really, “yes” is the only answer that’s needed, but I will take a moment to offer some insight as to why single people need to worry about estate planning. When there is no plan First, it is important to … [Read more...] about Estate Planning for Single People in Minnesota
When you are a child, your parents serve as your decision makers. They have ultimate say in where you go to school, what extracurricular activities you partake in and where, and how, you should be treated in the event of a medical emergency. While most parents continue to play a huge role in their … [Read more...] about Young and Ill, without Advance Directives
Imagine if writing a last will and testament were a pre-requisite to graduating from high school. The graduate walks across the stage, hands the completed will to the principal, and gets the diploma in return. Now that might seem a little extreme, but the truth of the matter is all adults should … [Read more...] about 7 Reasons Young People Should Write a Last Will and Testament
While the main objective of estate planning is to help individuals protect their assets and provide for loved ones, there are other important considerations, such as planning for incapacity. In short, it is crucial to plan for the type of medical care people wish to receive if a serious accident or … [Read more...] about A Primer on Advance Medical Directives
If tomorrow your college student was involved in an unforeseen emergency, do you have the correct legal documents in place which would allow you to communicate with doctors or financial institutions on his or her behalf? For many parents, “estate planning” is not a term which seems to apply to … [Read more...] about Will Privacy Laws Stop You From Helping Your College Student In An Emergency?
Many people are confused by these important estate planning documents. It’s important to understand the functions of each and ensure you are fully protected by incorporating both of these documents into your overall estate plan. A “living will,” is a legal document setting forth your wishes for … [Read more...] about A Living Will or Health Care Power of Attorney? How about a Health Care Directive?