No one needs a sound will and estate plan as much as older citizens do. The senior years usually bring increased vulnerability to these members of society. Unless your elders already have a solid estate plan, you may feel worried about what will happen to them as they...
If you’re like many Minnesotans, you own a lakeside vacation home or mountain cabin here — or maybe in Wisconsin or up in Ontario. Or, perhaps you have a place in Florida or Arizona where you escape the brutal cold for a few weeks or longer every winter. If this home...
Not all legal documents have the same purposes. Even documents that may seem the same on the surface are slightly different. An advance medical directive, for example, is different from a medical power of attorney. Both might relate to the medical care you'd receive...
Many people who certainly know that they need an estate plan nonetheless do not have one in place. When asked, a common response is that they’ll do it later. Some people mention that all they need to do is download a blank form online and fill it out. How hard can it...
If you have never engaged in estate planning, there exists a chance that you do not know as much about valid wills as you may think. All states have specific laws about what makes a will valid. Minnesota is no exception, and those who fail to understand the state’s...
Estate planning involves much more than merely executing a will. You may also want to draft a health care directive, power of attorney or set up an asset protection tool such as a trust. Reviewing your retirement plan to ensure that you're comfortable with your...
Most of the time, people leave the bulk of their assets to their immediate heirs -- the adult sons and daughters they leave behind. But what if that’s not really your preference? What if you’d prefer to skip the next generation and leave your wealth to your...
While many people put off estate planning for one reason or another, starting a new chapter in one's life, such as having a child, often motivates them to reassess the contingency plans they may have in place. Parents are even more apt to do this if they have a child...
Most people creating an estate plan hope to leave their children, grandchildren and other family members most of their property. It is also a common practice for people to leave their pets or companion animals to family members as well. While it is possible to treat...
Movie collections used to consist of cabinets full of VHS tapes or DVDs. Many people put thousands of dollars into them. Plus, those movies had a lot of sentimental value, as they may have watched them with their children while growing up. It just made sense to put...
