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!
When done properly, an estate plan affords peace of mind to those creating it and leaves behind a legacy for their loved ones. But, sometimes estate planning can go awry – and it’s usually due to eccentricities held by either the creators of the estate plan, the beneficiaries, or both. To give a … [Read more...] about 5 Most Infamous Estate Planning Battles
It’s become more and more common now to see clients come in with estate planning or probate cases that involve multiple states. From clients with a family cabin across the border in Wisconsin or mineral rights to land in North Dakota to “snow birds” who spend the winters away from Minnesota’s … [Read more...] about Issues to Consider with an Out-of-State Probate
Leaving a cabin or vacation home outright to your loved ones can create more family conflict and problems than you might think. While the property may have been a peaceful haven for you and your spouse throughout the years, your children may not look at it the same way when it becomes theirs to … [Read more...] about How To Avoid Conflicts When Passing Down The Family Cabin
Most people believe that probate should be avoided if at all possible. It can be an expensive, time-consuming process that exposes your family’s private matters to public scrutiny via the judicial system. It sounds simple enough to just gift your property to your children while you are still alive, … [Read more...] about Should I Transfer My Home to My Children?
Establishing a Life Estate is a relatively simple process in which you transfer your property to your children, while retaining your right to use and live in the property. Life Estates are used to avoid probate, maximize tax benefits and protect the real property from potential long-term care … [Read more...] about Overview of Life Estates
You are purchasing a home, and the escrow officer asks, “How do you want to hold title to the property?” In the context of your overall home purchase, this may seem like a small, inconsequential detail; however nothing could be further from the truth. A property can be owned by the same people, yet … [Read more...] about Overview of the Ways to Hold Title to Property
Considering how you hold title to your real and personal property, as well as any beneficiary designations you have created, is a key piece to Total Estate Planning. The title and your designated beneficiaries will control how your real estate, bank accounts, retirement accounts, vehicles and … [Read more...] about Coordinating Property Ownership in Your Estate Plan
Regardless of how long you have been married, negotiating a settlement is the most important part of the divorce process. Although it is no easy task, working with your spouse to arrive at mutually agreed terms of your marital dissolution is easier on your wallet and your psyche. Whatever conditions … [Read more...] about Seven Tips for Negotiating Your Divorce Settlement