September 2015 Archives

Your estate plan should reflect change in life and society

It’s said that the only thing certain in life are death and taxes. With death comes the unpleasant task of having to handle the estate of the one who died. But the nature of the estate changes too. For example, a decade ago, no one had ever heard the term “digital assets” but those, which consist of social media and Internet passwords, are now often an integral part of the estate. We provided information on this topic when the legislature passed the Uniform Fiduciary Access to Digital Assets Act.

The form of property ownership can influence your estate planning

Estate planning is more than beneficiary designations or the preparation of wills. The decisions you make about the form of ownership when you acquire property can affect how it will pass to your heirs. Sometimes, as with a joint tenancy, the form of ownership could override other provisions you might have made for it in your estate plan. Consulting with a St. Paul attorney about property ownership is a good way to avoid conflicts with your estate plan.

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Scott + Hespen Law
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St. Paul, MN 55114

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