Excluding someone from your will, particularly if it's your spouse or your child, can be complicated. In some states, it's not even allowed. Leaving out people who wouldn't automatically receive any of your estate is usually as simple as just not including them. However, if you do want to be … [Read more...] about Central Minnesota Will and Estate Lawyer Answers, “Can I Exclude My Spouse or Child from My Will?”
Wills
When It Comes to Cryptocurrency, Estate Planning Is a Must!
You’ve most likely seen articles and news segments about cryptocurrency. The most popular form is Bitcoin, but there are several others on the horizon. What is cryptocurrency? For the uninitiated, cryptocurrency is a digital or virtual currency that uses cryptography for security, making it … [Read more...] about When It Comes to Cryptocurrency, Estate Planning Is a Must!
Here’s What REALLY Happens If You Don’t Have an Estate Plan in Place
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
How to Create a Business Succession Strategy
Small businesses are the backbone of this country. They employ more than half of the domestic workforce and contribute greatly to the economy. 9 out of every 10 small businesses are family-owned. But most of those do not make it past the third generation of family ownership. Many small business … [Read more...] about How to Create a Business Succession Strategy
5 Estate Planning Must-Haves
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
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?!
Estate Planning and COVID-19: Planning Ahead for a Long-Term Crisis
If you're concerned that you or a loved one could become seriously ill or even worse due to the novel coronavirus, you're not alone. As medical experts predict a more violent return of the virus in the fall or that new spikes could occur in states as social distancing is gradually relaxed, it’s … [Read more...] about Estate Planning and COVID-19: Planning Ahead for a Long-Term Crisis
Estate Planning for Single People in Minnesota
Do single people need to worry about wills, trusts, and estate planning? Yes! Really, “yes” is the only answer that’s needed, but I will take a moment to offer some insight as to why single people need to worry about estate planning. When there is no plan First, it is important to … [Read more...] about Estate Planning for Single People in Minnesota
Things to Consider When It Comes to Special Needs Planning in Minnesota
Families who have members with special needs have a variety of unique concerns. Whether you’re traveling to occupational therapy appointments, choosing the most effective medical devices, or contemplating whether to “mainstream” your special needs child, there are so many parts and pieces to keep in … [Read more...] about Things to Consider When It Comes to Special Needs Planning in Minnesota
