Procrastination is quite common in the world of estate planning, as people often have a list of excuses concerning why they aren't quite ready to put together an estate plan yet. Those who have drafted estate planning documents might make the mistake of setting them...
There are multiple reasons that people procrastinate about estate planning. Perhaps the most obvious is that it is very unpleasant to think extensively about what might happen after one's death. Another reason that people frequently put off estate planning is...
It is certainly possible to pass financial accounts on to your beneficiaries and heirs by naming them in your will. Many parents will simply indicate that children are supposed to split the contents of an investment portfolio or even a local bank account. They use...
Taking the time to think about future medical needs and personal wishes can be a smart move. Whether you currently have an estate plan in place or not, it may be time to think about creating an advance health care directive. Such documents allow Minnesota adults to...
Once upon a time, trusts were the province of the very wealthy – but trusts have been attracting a lot of attention in recent years from people with even more modest estates. According to CNN, you should at least consider using a trust as part of your estate plans...
For many testators in Minnesota, avoiding probate court is one of their primary planning goals. After all, when estates must pass through probate court, the cost of estate administration increases substantially. Probate proceedings can take months to complete, which...
If you have a disabled adult child with special needs who is on Supplemental Security Income (SSI) and Medicaid, estate planning can be complicated. You may already know that you can include them in your estate plans and provide for their future – without interfering...
When your children are finally adults and they move out of your family home, you may tell yourself that you no longer have to have difficult parenting discussions with them. Unfortunately, there could still be some difficult parent-child conversations that you will...
There is a popular saying that familiarity breeds contempt, and that is certainly the case for some families. People take their family relationships for granted and even take advantage of one another. Often, family members assume that others will just forgive their...
When someone dies, their estate may need to pass through probate court before their loved ones and other beneficiaries can receive any assets from the estate. Testators in Minnesota create comprehensive estate plans with the specific intention of avoiding probate...
