January 2015 Archives

Minnesota adults regardless of their age and health should consider making a living will. While many people think of becoming incapacitated as something that will only happen when they are older, an accident or a sudden illness can leave a person of any age unable to express their wishes about their medical treatment.

Estate planning is a crucial component of a wealth protection plan in Minnesota. State laws will dictate the distribution of property in probate court if a will does not exist. Probate administration can be very expensive, and it offers no guarantees that the deceased's wishes will be honored. When creating an estate plan, it is important to avoid a few common mistakes that could prevent the plan from being carried out as intended.