Because your life changes, so must your estate plan. As a Monticello estate planning lawyer, I recommend that everyone reviews their estate plan every 3 to 5 years because life events that you might not even think about could impact how your estate plan works. While this periodic review is … [Read more...] about Monticello Estate Planning Lawyer Reveals 7 Life Events that Should Trigger Your Estate Plan Review
Power of Attorney
Many seniors often have difficulty managing their finances at a certain point, and it comes down to their adult children to assist with these matters. It’s important to know what you’re getting into when you begin assisting an elderly parent with their financial affairs, especially if legal … [Read more...] about Monticello Trust Lawyer on How to Help Your Elderly Parent with Finances
Granting someone power of attorney means that you are giving them the authority to make important decisions on your behalf should you be incapable of making them yourself. The scope, duration, and other specifics are up to you. While the laws vary in each state, it's usually as simple as drafting a … [Read more...] about Can I Name More Than One Person as My Power of Attorney?
The national news has been filled with tragedy lately, including acts of senseless violence committed against random strangers. Families and communities across the nation are mourning the loss of their loved ones and doing what they can to help the survivors. While most people are wondering if … [Read more...] about Easy Estate Planning Strategies That Can Make Life Easier for Your Family in a Tragedy Situation
As 2020 draws to a close, it may be time to take a fresh look at your financial and legal documents to ensure that your affairs are in order and that you are ending the year on a solid foundation This is especially important if you’ve experienced any notable life or financial changes, such as the … [Read more...] about Monticello Estate Planning Attorney: 5 Legal and Financial Moves to Make Before the End of The Year
During the early stages of Alzheimer’s disease, your mom or dad will likely need help managing his or her financial and personal affairs. If your parent already has a Power of Attorney or living will in place, a new diagnosis of dementia should cause you to take a fresh look at those documents, … [Read more...] about Monticello Elder Lawyer on The Importance of Creating Designation Documents When a Parent Has Alzheimer’s Disease
What really happens if you don’t create a will, trust, or other estate planning documents and essentially keep your head in the sand? Any Monticello estate attorney will tell you, the honest truth is that you make things much harder, more costly, and more time-consuming for your loved ones if … [Read more...] about Here’s What REALLY Happens If You Don’t Have an Estate Plan in Place
Minnesota estate planning lawyers are often asked by their clients to explain what comprises a basic estate plan. Unfortunately, there’s no simple answer to this question because an estate plan all depends on the situation and the needs of the individual. For instance, a basic estate plan for one … [Read more...] about 5 Estate Planning Must-Haves
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.