Bringing a new child into the world means taking on a lot of responsibility. Children are expensive and require financial support. They also require 24-hour care and supervision. Those anticipating the birth of a child often have a very long list of tasks they must...
Estate Planning Blog
3 reasons to create and fund a special needs trust
Those who have a loved one with special needs must often focus a lot of their energy and resources on that individual's care. Rather than taking care of a child until they turn 18, parents and other family members may need to embrace lifelong responsibilities for...
How parents in Minnesota can prevent sibling probate disputes
Parents in Minnesota who are putting together estate plans usually want to have a positive impact on their children. However, many parents understandably worry that estate administration issues will cause problems for their loved ones. Not only is probate a...
How to pick your estate’s personal representative
When you put your estate plans together, one of the biggest decisions you have to make is who you would like to see appointed as your personal representative. While the court can override your choice if it has a good reason, this will most likely be the person who...
Who should serve as the trustee of a special needs trust?
Having a family number with a disabling medical condition can be a challenge. Parents and other family members often have more personal responsibility when a member of the family is incapable of living independently. They may need to continue providing daily care and...
Could your heirs benefit from a spendthrift trust?
There are many different trusts you can use as you create your estate plan. For instance, you could set up an educational trust if you want to make sure that you cover an heir’s college education costs. You could also consider a spendthrift trust. With a trust like...
Understanding the basics of powers of attorney
There are many different types of documents that people can include in their estate plans. It is quite common for testators to focus primarily on what will happens if they die and less on what might happen unexpectedly during their lives. The best estate plans usually...
How debt impacts the probate process in Minnesota
There are so many details that families must address when someone dies in Minnesota. Planning a funeral often takes priority over everything else at first, but then people also need to locate a will and begin the probate process. Regardless of whether or not someone...
4 common reasons people update their estate plans
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...
The first steps in the estate planning process
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...