Having a baby is an exciting experience for new parents, but it’s one that comes with some decisions they may not have thought about before. One of these is estate planning. Many new parents don’t consider the need to outline the plan because they don’t want to think...
Month: December 2024
3 solutions for financial assets that bypass probate court
Testators establishing estate plans have to address many different types of assets. They may own real property, including investment holdings and their primary residences. They may have valuable personal property, including fine art and collectibles. They may also...
Harnessing the power of trusts in your Minnesota estate plan
Estate planning can feel like navigating a labyrinth, but trusts offer a beacon of clarity and control. By setting up one or more trust documents, you can manage your assets more effectively, secure your legacy and protect your beneficiaries from potential pitfalls....
Why having a power of attorney is important
A power of attorney (POA) is a legal document that you can use to appoint someone you trust -- perhaps a family member or close friend -- to make decisions on your behalf in certain situations. Whether it’s for managing your finances, making health care decisions or...
