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...
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Minnesota Estate Planning Law Blog
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...
Who will make medical decisions for you if you’re incapacitated?
When an individual becomes incapacitated, unable to communicate or make decisions due to medical reasons, the question of who will make medical decisions on their behalf becomes a primary concern. Two critical legal tools are crucial in this scenario: advance...
Can you have more than one medical power of attorney?
Good estate plans don’t just address what happens after you die. They also try to anticipate your needs before death – including any period when you may be incapacitated and unable to speak for yourself. A durable power of attorney (POA) for health care is one such...
How to avoid becoming the victim of an abusive guardianship
If you’re one of the many seniors in this country who is getting into their senior years and has no adult children or close family, you may be concerned about what would happen if you become mentally and/or physically incapacitated and unable to care or even speak for...