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...
Estate Planning Blog
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...
2 financial accounts addressed separately from your will
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...
3 important details you can add to a health care directive
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...
Should you consider creating a trust?
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...