How Do You Know When Your Parent Needs a Guardian? For most people, it's difficult to face the possibility that an elderly parent needs supervision and care. As children, our parents seem invincible. Seeing them in a vulnerable state can be an emotional and...
Month: March 2015
Avoid Family Conflicts By Planning Ahead
Family Feud may be a fun gameshow to watch on television, but it's not something you want to develop in the context of an estate. Unfortunately, family conflicts surrounding probate and estates can be quite common. In some cases, relationships among siblings, cousins,...
Life Insurance Beneficiary Considerations
Many Minnesota residents purchase life insurance as a part of their overall estate plans. Although the purchase of life insurance is generally straightforward, people should be aware of some common pitfalls that may be encountered in designating beneficiaries. People...
Choosing Your Child’s Guardian
Jeffrey P. Scott & Associates, LLC Choosing Your Child's Guardian It's something few parents want to think about: who will take care of your children if something happens to you? As much as we avoid contemplating it, common disasters have been known to rob a young...
Trust Administration In Minnesota
Trust administration requires the fiduciary to perform very specific and important tasks. The fiduciary, or trust administrator, is the person named by the grantor who will be responsible for administering the trust and protecting its assets for the benefit of the...