If your heart stops beating or you stop breathing, medical professionals may use CPR to try to resuscitate you. In many cases, emergency treatment can save your life. However, some individuals do not want CPR to be used. For example, you may worry about the risk of...
Helping Generations Of
Minnesotans Plan For The Future
Minnesota Estate Planning Law Blog
What should new parents know about estate planning?
Having a baby is an exciting experience for new parents, but it’s one that comes with some decisions they may not have thought about before. One of these is estate planning. Many new parents don’t consider the need to outline the plan because they don’t want to think...
3 solutions for financial assets that bypass probate court
Testators establishing estate plans have to address many different types of assets. They may own real property, including investment holdings and their primary residences. They may have valuable personal property, including fine art and collectibles. They may also...
Harnessing the power of trusts in your Minnesota estate plan
Estate planning can feel like navigating a labyrinth, but trusts offer a beacon of clarity and control. By setting up one or more trust documents, you can manage your assets more effectively, secure your legacy and protect your beneficiaries from potential pitfalls....
Why having a power of attorney is important
A power of attorney (POA) is a legal document that you can use to appoint someone you trust -- perhaps a family member or close friend -- to make decisions on your behalf in certain situations. Whether it’s for managing your finances, making health care decisions or...
When should your child receive their inheritance?
As a parent, ensuring your child's financial future is a top priority when writing a will. Timing is crucial when it comes to inheritance. Deciding when your child should receive their inheritance involves careful consideration of legal and personal factors. Age...
Understanding the difference between an heir and a beneficiary
When it comes to estate planning and probate in Minnesota, the terms heir and beneficiary are often used interchangeably, but they have distinct legal meanings. Understanding these differences can help individuals navigate inheritance matters more effectively....
3 issues caused by downloading a will template from the internet
Many people recognize that they should have estate plans but may procrastinate about actually drafting documents. Others may try to handle the process in the quickest, cheapest way they can. The internet has seemingly provided a viable alternative for those who don't...
When can you be removed as an executor of an estate?
Being an executor (personal representative) for someone’s estate can be a thankless job. It may seem like everyone wants something from you and that no one thinks you’re doing things right. Even if the deceased was a close loved one and the people constantly calling...
Pros and cons of leaving your kids uneven inheritances
When it comes to estate planning, one of the most difficult decisions parents of multiple children may face is how to divide their assets among their kids. While many opt to leave equal shares to each child, there are situations where parents may benefit from...