The fact that most Americans have not done their estate planning is nothing new. It’s been that way for a long time, and you can find many reports claiming that it’s true. However, the way that some people write this off as unimportant is simple: They assume that...
Month: March 2020
5 estate planning tips for singles
No matter if you’re young and single, estate planning is still a necessity. The worst can happen at any time, and suddenly you’re faced with a life-threatening injury or illness. What happens to your finances then? It’s best to be prepared no matter what age you are...
Under Minnesota law, most estates must go through probate
For many people, estate planning has the primary goal of helping a family avoid probate court. In some states, adequate planning can be enough for even large estates to stay out of probate court, which people may view as expensive or an unnecessary delay to the...
Have an estate plan already? Here are the things you probably need to update
You’ve always been the responsible sort, so you have had your estate plans ready for a while now. In fact, you may need to update them in some critical ways. Here are five areas of your estate plans that you probably haven’t thought about lately (if at all): Your...
How to pick your health care proxy
Illness, injuries and age can make it impossible for you to direct your own health care at some point in the future -- which is why having a health care proxy in place is so important. The person who holds the power of attorney for your health care can be called on at...