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
Parents' Peace of Mind Planning
You Plan for Date Night – But Not for Your Kids Future?!
Picture this – you get an opportunity to spend some alone time with your spouse. What do you do to prepare for date night? You carefully select a babysitter. Then, you write detailed instructions; when to feed the baby, how often to change diapers, what snacks are allowed…and you leave a myriad of … [Read more...] about You Plan for Date Night – But Not for Your Kids Future?!
Considerations When Choosing a Legal Guardian Who Could Raise Your Kids
Do you have minor children? If so, have you considered choosing a legal guardian who you would want to raise your kids if you and/or their other parent suddenly passed away? While you may have a few thoughts in your mind about who would be best suited for the role (grandparents, aunts, uncles), … [Read more...] about Considerations When Choosing a Legal Guardian Who Could Raise Your Kids
4 Steps to Avoid Stress at the End of Life
In general, Americans are very uncomfortable talking about end-of-life issues. It can be hard for people to think about (and plan for) their own death, let alone the death of their loved ones. I get it. Yet by not discussing these issues, you are leaving your future caregivers (most often your … [Read more...] about 4 Steps to Avoid Stress at the End of Life
How to Use a 529 Plan to Save for Education Expenses While Benefiting Your Estate
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
How to Choose a Guardian for Your Child Advice from a Minnesota Estate Planning Lawyer
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
What would happen if another child is born after establishing your estate plan?
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?
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
Will Privacy Laws Stop You From Helping Your College Student In An Emergency?
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?
