Helping Generations Of
Minnesotans Plan For The Future
You are likely concerned about the long-term financial well-being of your loved ones after you are gone, especially if you have family members prone to mismanaging money or vulnerable to financial pitfalls. This could be a child with poor spending habits, a relative...
People are often hesitant to give someone their durable power of attorney (POA) simply because those go into effect immediately and there is always the potential for misuse. One alternative to a durable power of attorney that’s often proposed is the use of a...
The probate courts fill an important role during the estate administration process. They help ensure that the personal representative of an estate abides by the instructions provided in an estate plan. They help determine what should happen in an intestate succession...
Pets are not property – they are family members. Many people feel this way, but the law considers pets as property to be owned. Therefore, you cannot leave your pets an inheritance in the traditional manner, through a will. However, you can create a trust to provide...
You can remove any party you name in your estate plan, including your personal representative/executor. Circumstances in your life may change from when you appointed your existing executor. Accordingly, you may want to replace them. Below are four examples of such...
If you poll people regarding their estate planning, you may be surprised by what you find. Researchers who have done this discovered that most people just don’t have an estate plan at all. Only about a third of Americans who were asked said that they already had a...
Are you planning your estate? As you go through the estate planning process, it can help to create a checklist of everything you should consider including. There are a lot of aspects that you can include in your estate plan. While you do not have to include...
A trust lets you nominate a third party—a trustee in legal terms—to hold assets on your beneficiaries’ behalf. An estate planning instrument, a trust specifies precisely when and how to distribute assets to your beneficiaries. Because trusts do not go through probate,...
Most people understand the idea that an estate plan is an important form of legal protection. They know if they die or have some personal emergency, the documents they create can be a crucial form of support. Despite the importance of an estate plan, quite a few...
Choosing someone to execute your estate is one of the key tasks to cover in your estate plan. If you don’t make the choice, then a probate court will be forced to do it for you. Here are some of the things to consider when deciding who to ask: Do you trust them? You...
