Choosing the right trustee can be as important as choosing to create a trust in the first place. Without the right person administering the trust, all of your careful planning could go to waste. Some people are quick to name a specific individual of the person they...
Once you have created a will, it is natural and easy to forget about it. However, this would be a very serious mistake. As life events occur, you may need to review and update your will so it can reflect your current circumstances. If all you need is a small change...
You’ve probably come across ads for do-it-yourself wills and estate plans on the internet. While these ads point you to documents and information that might apply to someone in your circumstances, the reality is that these documents may not be the right ones for your...
Your estate plan gives you control over what happens to your property when you die and also what care and treatment you receive when you are in a medically vulnerable situation due to incapacitation. Each of these considerations requires careful planning to adequately...
When your loved one listed you as the beneficiary of their home in their will, they thought they were being generous – and so did you. However, they intended to have the mortgage paid off before they passed away. Sadly, that didn’t happen. What do you do? You have a...
Most people think about wills and possibly trusts when they think about their estate plan. There’s much more that you need to think about when you’re getting your estate plan together, though. One of the things that you have to decide is who you will name as your...
The health care industry has never been more effective than it is right now. Trauma specialists can achieve incredible things, and oncologists can treat cancers that were almost always fatal just a few decades ago. You likely want your parents to stay as healthy as...
In Minnesota, there are specific laws that apply to the different kinds of wills. Many people think that their verbal word is enough to make a binding contract, but did you know that is not the case in this state? Minnesota has specific rules that you must adhere to...
One essential element of estate planning is planning for ill health. One aspect of that is choosing a health care power of attorney. Yet deciding who you want to do it and completing the necessary documents is not enough. The documentation is the easy part, and you...
There are a number of reasons why individuals fund trusts. They often do so to shield assets from creditors if they were to face a lawsuit. A testator may also do so to preserve their eligibility for Medicaid and other government benefits. Some individuals may also...
