Just as everywhere else in the country, folks in Minnesota often put off their estate planning for many reasons. Whether it’s facing your own mortality, or that of your parents, the prospect of needing a will or trust isn’t something that many of us want to think...
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...
A Special Needs Trust (also called a Supplemental Needs Trust) is a legal document that holds assets for a person with disabilities, while also providing legal authority for a trustee to manage money and make financial decisions on behalf of the individual with special needs....
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...
As a Minnesota elder law attorney, I often meet senior clients as a result of them coming into our offices with their adult children. When this situation happens, it is the lawyer’s job to recognize the differing needs and rights of both parties. The lawyer must be clear on who...
Inheriting any assets from someone’s estate could benefit a person financially. However, it can also create some challenges. Cash and stock inheritances come with various advantages and disadvantages. Although they provide the funds someone might need to pay necessary expenses...
If you’ve ever lost a loved one, chances are you’ve had a few run-ins with the probate court. The goal of the probate process is to help the family of the deceased administer their estate and close out their final affairs after death. If he or she has a will, probate is a time...
Creating a comprehensive estate plan can protect your interests and your family’s future. When you work hard to earn a living and obtain assets, it’s natural to want to pass them down to your children or dependents when you pass away. Unfortunately, many people don't understand...
Minnesota elder lawyers know that caring for an older adult from a distance can be a challenge. It can be overwhelming to think about your loved one living in a different state or even a foreign country, especially if their physical or mental impairments prevent them from...
Estate planning covers more than death and taxes; for many people, it’s about maintaining their “voice” and clearly outlining their wishes in the event of incapacity or disability in Minnesota. Far too many people assume that their loved ones know their wishes and are prepared...
Estate planning is an emotionally challenging task at every step of the process. Whether you are writing your own will, helping an older relative plan their estate, or serving as the Personal Representative or executor of the estate of a deceased loved one, you must deal with...
Estate planning isn't just for older people, couples with children, or individuals with a lot of financial wealth. Single people, young adults, and those with a modest income can also benefit from estate planning. As a Minnesota will and trust lawyer, I believe there are five...