Drafting a will can be a stressful experience. It can be difficult for someone to think about what might happen to their family members after they die. Beyond that, many people find it challenging to think about what may happen with family relationships when they are...
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Minnesota Estate Planning Law Blog
Addressing sentimental property in your estate plan
When creating an estate plan, much attention is traditionally given to financial assets, real estate and investments. However, addressing the distribution of sentimental personal property—a category of assets that often includes family heirlooms, photographs, jewelry,...
Do you need to review your will after your divorce?
Divorce is one of the reasons to update a will. But do you need to remove your ex-spouse from your will? Is there a risk to keeping them? Here is what to know: Revocation by dissolution of marriage In Minnesota, the dissolution or annulment of marriage automatically...
Why should young adults draft a will?
Estate planning is often thought of as something that only elderly individuals need to do, but this is far from the truth. Estate planning can help adults of all ages to better safeguard their interests. Drafting a will may be the last thing on the mind of a young...
There are positive reasons to disinherit someone
When someone gets disinherited, it means two things. First, it means they had a reason to expect to inherit. They are either a family member of the person who is making the estate plan or they are a beneficiary who was previously included, even if they aren’t a direct...
What are charitable trusts?
Charitable trusts are an estate planning option that can provide valuable support for charities while still enabling a trust’s creator to support their loved ones. As part of a comprehensive estate plan, these trusts are established to manage assets for charity,...
How do you locate missing heirs and beneficiaries?
Nothing can slow the probate process down quite like a missing heir or beneficiary that you need to notify. Whether they’re likely to receive anything or not, their “status unknown” can create a lot of headaches for the executor of an estate. Since you cannot proceed...
3 reasons why you need an estate plan
Unfortunately, many people spend more time planning a holiday getaway, selecting a restaurant for dinner or purchasing a new vehicle than they devote to planning their estate. Making decisions about the people who will take over your estate when you are gone may not...
What is a revocable living trust?
A will is often created alongside a revocable living trust. A trust allows you to appoint a trustee who will take ownership of your assets. However, you will retain control over your assets during your lifetime. You can modify or change the trust terms whenever you...
What is digital estate planning?
Digital estate planning is a relatively new feature of broader estate management that deals with the handling of digital assets after a person's death or incapacitation. Due to the ways in which the world has evolved over the past few decades, a significant portion...