As you’re doing your estate planning research, you run across the idea of a special needs trust, or an SNT. Since you have an heir with special needs, this idea instantly stands out to you, but you want to make sure you understand exactly what advantages it may give...
Month: February 2020
Planning to pass your business on to the next generation: Use these tips
As a family business owner, perhaps the most important part of your estate planning is doing business succession planning. You need to know how to leave the company to your heirs. Now, perhaps you don’t want to leave the company to your children, or maybe they don’t...
Dying without a last will shows how important an estate plan is
One of the most convincing reasons to work to plan your estate and create a last will early in life is that if you die without one, you have no control over how the state allocates your assets. If you don't have direct family members or heirs, the state of Minnesota...
Should you add powers of attorney to your estate plan?
In a good case scenario, you have already been shoring up your estate planning efforts with legal documents that protect you and your heirs. Typically, those include a will and perhaps a trust or two, but that may not be all you need for maximum peace of mind. In the...