An estate with significant conflict can trigger more complex challenges than typically expected. Families may face disagreements about asset values, distributions or even the actions of the personal representative. When conflicts and complexities arise, choosing...
If something happened to you tomorrow, would everyone in your child’s life agree on what comes next? Many divorced or separated parents assume custody arrangements already answer that question. They may believe the paperwork is in place and that everyone knows what...
Securing your family’s future starts with preparing for the moments you cannot make decisions yourself. A durable power of attorney (DPOA) can give someone you trust the ability to manage your finances or health care. In Minnesota, having a clear and valid DPOA can...
Vesting, or the way that a person holds title to real property, influences their ownership rights. Property owners have the right to choose the language that describes their ownership interests. Some people simply choose to list the names of individual owners, while...
Estate planning is an important step in protecting your family, your assets and your wishes. It is not only for the wealthy or elderly but for anyone who wants clarity and peace of mind about the future. Taking time to plan early helps avoid confusion, disputes and...
It’s the new year, and for many Americans, it’s a time for knuckling down and tackling things they’ve been putting off for far too long. For some, that might mean launching new diet plans and exercise routines. But for others, it could mean getting their legal and...
Creating an estate plan takes considerable planning. After it’s completed, you feel a sense of accomplishment and relief knowing that you have taken an important step to protect your loved ones if something happened to you. However, just because you completed your...
During the probate process, personal representatives review wills and attempt to follow the instructions of the deceased individual whose estate is at issue. If there is no will, then they follow the rules outlined in intestate succession laws. Frequently, people...
Asset preservation trusts are strategic estate planning tools designed to help safeguard personal or family wealth against future risks. They can be effective for shielding assets from creditors, long-term care costs and other financial liabilities. They also help...
Most adults understand that estate planning is an important task. They want to provide support and guidance for their loved ones after their passing. However, a large percentage of people procrastinate about estate planning. Researchers in recent years have determined...
