Minnesota's Transfer on Death Deed
Common estate planning missteps
Minnesota residents are likely aware that many people find it difficult to consider what happens after they pass away. However, they may be surprised to learn how many lack even a rudimentary estate plan. A recent survey by an online legal services company found that 64 percent of Americans have not made a last will and testament. If these individuals decide to take action and put an estate plan into place, there are common pitfalls that they would be wise to avoid.
Ranking assets included in estate plans
Minnesota residents who are involved in planning their estates might be interested in a recent article discussing tax incentives for holding on to different assets. This might be an important issue to consider if a benefactor has to choose an asset to liquidate in order to pay off certain accounts.
