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
Parents' Peace of Mind Planning
One of the most important jobs of a Minnesota estate planning attorney is to help parents choose the right guardian for their children. This is the person (or people) designated by you to care for your minor children if you should die before they become adults. Working with an … [Read more...] about How to Choose a Guardian for Your Child Advice from a Minnesota Estate Planning Lawyer
This question presents a fairly common issue posed to estate planning attorneys. The solution is also pretty easy to address in your will, trust and other estate planning documents, including any guardianship appointment for your minor children. First, it is important to note that you should not … [Read more...] about What would happen if another child is born after establishing your 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
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?
While the vast majority of adoptions involve adults adopting children, all states have laws that permit “adult adoption,” in which a person 18 or older is adopted by another adult as mutually agreed by the parties. Some states may restrict adult adoptions to cases where the person being adopted is … [Read more...] about Adopting a Grown-Up: Top Three Reasons for Adult Adoption
Your children are in school, your spouse is out of state on business, and you get seriously injured in a car accident. What’s going to happen to your children? Do you have a plan to keep your family safe in the event something unexpected occurs during school hours? Many parents mistakenly believe … [Read more...] about Preparing Your Family for an Emergency during School Hours
For parents considering estate planning, one of the most difficult decisions to make is choosing a guardian for their minor children. It is not easy to think about anyone else, no matter how loving, raising your child. But, as the famous quote goes: “Failing to plan is planning to fail.” You cannot … [Read more...] about Choosing a Guardian for Minor Children
#1 Establish a Comprehensive Plan Most estate planning attorneys will say that no person should use a “do-it-yourself” will kit to establish their estate plan. If you have a child with special needs, it is extremely important to seek competent legal counsel from an estate planning lawyer with … [Read more...] about Important Steps to Plan for the Future of a Special Needs Child