If we had a dollar for every time someone asked this question when creating an estate plan…... well, you get the point. There’s a common belief that if you want to disinherit someone, say an adult child, that you should leave them $1 and nothing more in your will. The...
One common misconception when it comes to estate planning is the belief that one must have significant assets to establish a comprehensive plan. As an estate lawyer in Minnesota, I'm here to tell you that this simply isn't the case. In fact, life insurance can play a crucial...
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...
As a single parent, it is critically important to have a comprehensive estate plan that protects your child(ren). Obviously, being the sole or primary caregiver doesn't leave you with much time on your hands. However, putting some time aside to meet with an estate planning...
Are you a senior who is contemplating adding an adult child to your bank account to help manage your finances? It may seem like an easy solution for getting assistance with bill payments, but it's crucial to weigh the pros and cons before taking action. Our Minnesota elder law...
As we age, companionship and shared responsibilities become more valuable. Many seniors are choosing cohabitation over solitude for mutual support and to cut costs. However, this arrangement brings about some legal nuances that need addressing. Here, our Minnesota will attorney...
The executor of an estate plays a crucial role in managing and distributing a person's assets after they pass away. But what happens when the executor is making mistakes or failing in their duties of estate administration in Minnesota? It's a delicate and stressful situation,...
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...
In the event of a medical emergency, it's crucial to have your healthcare documents readily accessible and ensure that your treatment preferences are known to emergency personnel. Our Minnesota estate attorney has put together this article to discuss the benefits of carrying...
A comprehensive healthcare directive, which is an essential part of your estate plan, includes:A Living Will;Healthcare Agent Designation; andA HIPAA Medical Release. The older we get the more health issues are likely to occur, and without the proper legal documentation,...
A trust is a valuable estate planning tool that offers flexibility and control over the distribution of your assets. One essential aspect of managing a trust is opening a bank account in its name. This article will explore the key factors to consider when opening a trust bank...
Estate planning is an essential process for anyone looking to secure their assets and protect their loved ones. One often overlooked aspect of estate planning is the prenuptial agreement, which is an invaluable tool for protecting individual assets and ensuring a smooth...