Estate plans usually concern who will get what, like money, jewelry, the house, and family heirlooms after a person dies. Little thought, though, is given to what will happen to debts when they die; most importantly, the mortgage. Many people expect to pay off their mortgage long before they … [Read more...] about Mortgages: What Happens After You Pass Away. | Minnesota Will and Trust Lawyer
Trusts
What Property Can Be Placed in My Trust? | Minnesota Trust Attorney
There are many benefits to creating a Revocable Living Trust as part of your estate plan, such as the ability to avoid probate and put a quick end to the estate administration process. However, creating a Revocable Living Trust will not automatically accomplish your goals. Instead, … [Read more...] about What Property Can Be Placed in My Trust? | Minnesota Trust Attorney
Estate Planning During a Crisis | Minnesota Trust Lawyer
If you're worried about the possibility that you or a loved one could become ill, injured, or worse, you're not alone. No matter what we do we can't control everything and sometimes things happen. While none of us can predict the future, getting your affairs in order now can provide peace … [Read more...] about Estate Planning During a Crisis | Minnesota Trust Lawyer
Minnesota Will Lawyer on What to Know When Leaving an Inheritance to a Child Struggling with Substance Abuse
As a Minnesota will lawyer, I've seen firsthand how substance abuse can impact families, leaving parents heartbroken and unsure of how to protect their loved ones while preserving their legacy. In my experience, many parents want to leave an equal inheritance to all their children, but when one … [Read more...] about Minnesota Will Lawyer on What to Know When Leaving an Inheritance to a Child Struggling with Substance Abuse
I’ve Been Named as Someone’s Successor Trustee. Can I Turn Down the Job?
As part of the estate planning process, Minnesota trust attorneys will always encourage clients to have open conversations with the person they intend to appoint as their Successor Trustee to ensure that they actually want the job if called upon. There are many responsibilities that a Trustee … [Read more...] about I’ve Been Named as Someone’s Successor Trustee. Can I Turn Down the Job?
Monticello Trust Lawyer on the Elements of a Valid Trust
When creating a trust with a Minnesota trust lawyer, it is important to understand the specific roles involved. The grantor is the person who establishes a trust. The designated beneficiary is the person who receives the assets held in trust when the grantor dies. Probate is unnecessary because … [Read more...] about Monticello Trust Lawyer on the Elements of a Valid Trust
What Single Seniors Need to Know About Their Estate Plan
Whether you’re a single senior who lives alone or one who lives with a partner, establishing a new estate plan or modifying an existing one is essential. You might wish to leave assets to your partner that they could not get through intestate succession, or maybe you have children you want to leave … [Read more...] about What Single Seniors Need to Know About Their Estate Plan
Estate Planning Lessons from Disney’s Encanto | Minnesota Estate Planning Attorney
In the early part of 2022, many young families spent a lot of time watching Disney’s award-winning animated film Encanto. Repeatedly. While the movie is obviously a great source of entertainment for kids, estate planning attorneys have also noticed that it contains a lot of valuable lessons that can … [Read more...] about Estate Planning Lessons from Disney’s Encanto | Minnesota Estate Planning Attorney
What Single Parents Should Know about Estate Planning
It is no secret that being a single parent is challenging. In addition to the day-to-day struggles of raising children on your own, you may also have concerns about what the future might hold for your kids if anything were to happen to you. While estate planning for single parents is similar to … [Read more...] about What Single Parents Should Know about Estate Planning
