As a responsible parent, one of the most crucial decisions you can make is choosing a guardian for your children. It’s a decision that demands careful consideration and planning to help ensure the well-being and future of your precious little ones. Although it may...
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Minnesota Estate Planning Law Blog
4 reasons to update an estate plan
Estate planning is the process of anticipating one’s death and ensuring their assets are distributed to the testator's wishes. Many people make estate plans and never update them. But, estate planning is a lifelong process that may need to be altered. There are a few...
What you should know about a will’s no-contest clause
When drafting your will, you expect a smooth probate process for your loved ones. But an interested party may contest it on the grounds of undue influence, fraud or lack of testamentary capacity. Nonetheless, you can prevent this by including a no-contest clause in...
3 common ways for people to fund a trust
There are many different kinds of trusts that can serve numerous different estate planning purposes. There are spendthrift trusts to prevent someone from squandering their inheritance and special needs trusts to provide support for a loved one with medical issues...
How to protect your will from being contested
When drafting your will, you expect it to go into effect when it goes to probate. But this may not be the case. If your will is contested, it may take time before your beneficiaries receive their inheritances, which is not what you wished for. Luckily, you can prevent...
Avoid these estate planning errors
Estate planning is one of life’s necessary processes even though most people don’t enjoy it. That makes it even more important that your time doing it is well spent and that your estate plan functions as you intend. Mistakes in the process can prevent this from...
When can the testamentary capacity be questioned?
A will is the cornerstone of any estate planning process. With a valid will in place, you can have peace of mind knowing that the wealth you have worked so hard over the years to acquire will pass down to the people you care about per your wishes when you die. If you...
Can I reduce the cost of probating my estate?
If you have worked hard your entire life and acquired significant wealth, you are certainly concerned about what will happen to your estate and legacy when you die. If you have a will at the time of your demise, your estate will be distributed per the stipulations in...
3 common questions and answers about probate
When establishing an estate plan, there’s one subject important for all testators and grantors to know about -- and that's probate. Probate is the process of certifying someone's will as valid and distributing property or funds after someone passes away in the proper...
Why trusts are such useful tools for blended families
Individuals in many different personal circumstances may need to add a trust to their estate plans. Those who have family members with special needs or a history of substance abuse may recognize that they need to take special steps to leave resources for those people....