Are you in your twenties or thirties? You’ve probably heard about the importance of Wills and Trusts by now, but you may feel like you’re still too young or just don’t have enough assets to warrant any estate planning yet. As a Minnesota will lawyer, I can tell you that it’s a huge mistake thinking … [Read more...] about Millennials: Don’t Overlook the Need for Early Estate Planning!
Total Estate Planning
Why a Last Will and Testament Does Not Make a Complete Estate Plan
While the Last Will and Testament is an important estate planning tool, Minnesota trust and estates lawyers want clients to be aware that there are certain things it won’t accomplish. To start, a Last Will and Testament will only come into effect after you’ve passed away, which means that it cannot … [Read more...] about Why a Last Will and Testament Does Not Make a Complete Estate Plan
TOD Beneficiary: What You Should Know
Your named beneficiaries will likely have to go through probate to receive your real property after your death if it is only in your name and not held in trust. Although transferring property into trust can ensure your family does not have to wait for a judge to validate your will before … [Read more...] about TOD Beneficiary: What You Should Know
Business Planning Lawyers Recommend Estate Planning
A small business is a part of your identity, not to mention your livelihood. Business planning lawyers in Minnesota look to protect both aspects of this should you die or become incapacitated. Advanced planning is one of the smartest things that you can do to ensure that your small … [Read more...] about Business Planning Lawyers Recommend Estate Planning
Talking to Your Parents About Meeting with an Estate Planning Lawyer
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 about. The reality, … [Read more...] about Talking to Your Parents About Meeting with an Estate Planning Lawyer
4 Mistakes to Avoid When Creating a Special Needs Trust
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. The Special Needs … [Read more...] about 4 Mistakes to Avoid When Creating a Special Needs Trust
Minnesota Estate Planning Attorney: How Can Farmers Can Protect Their Life’s Work?
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 how to keep their … [Read more...] about Minnesota Estate Planning Attorney: How Can Farmers Can Protect Their Life’s Work?
Minnesota Elder Lawyer Offers Tips for Long-Distance Caregiving
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 taking care of … [Read more...] about Minnesota Elder Lawyer Offers Tips for Long-Distance Caregiving
Maintain Your ‘Voice’ During Disability In Minnesota
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 to honor them if a … [Read more...] about Maintain Your ‘Voice’ During Disability In Minnesota
