If your child is going off to college and is already 18, now is the right time to talk to them about setting up a health care directive. Now that they’re over the age of 18, you no longer have the right to see their medical documents or make decisions on their behalf...
3 estate plan changes to make when you get divorced
Estate planning helps you protect the people you love the most. When your relationships change, the plans that you have in place may also need to change. After all, it is likely that you don't want your ex to receive most of your property if you die after you divorce....
Estate planning is affordable, so it’s worth starting now
One reason that many people avoid or delay starting their estate plans is that they believe that it’s too expensive. Some people may also believe they don’t have enough assets to worry about protecting or they may have no heirs or beneficiaries to speak of. Estate...
Can you plan for your estate to bypass probate in Minnesota?
People have different motivations for creating an estate plan. Some want to make sure that their house or business will pass to a specific person. Others worry about estate taxes or naming a guardian for their child. However, one of the most common reasons for people...
Get these 3 documents for your college-aged child now
Although it might seem early to have this document, a document you’ll want to put together soon is a health care directive for your college-aged child. If they’re over the age of 18, they’re legally an adult. That means that any medical information provided about them...
Updating your will after marriage
If you made a will as a single person, you'll perhaps have done so with the belief that you won't get into another serious relationship or get married in the future. Of course, life takes twists and turns, and unexpected things happen. It's important that you update...
Common financial mistakes made by new parents
Becoming a parent for the first time turns your world upside down. You'll probably notice that within a few months of becoming a parent, your priorities will have shifted completely, and your main focus in life will be securing a bright future for your child. Your...
Are you a new parent? It’s time to review your estate plan
As a new parent, your life will change in many ways. While you have a lot on your plate, don’t forget that it is important to carve out time in your busy schedule to review your estate plan. When you review your estate plan, you will likely discover that it’s...
3 ways that a special needs trust can protect your loved one
Estate planning when you have a child with special needs is a little more difficult than estate planning for most parents. You are going to have to carefully consider your child's needs in a way that many parents do not need to. You won't just have to consider naming...
When should I update my estate plan?
An estate plan ensures that the testator can pass their assets and estate on to their loved ones. The planning you set in place years ago may not accurately reflect your current wishes. Testators can change their wills as needed, but what are good times in life to...
