When you have worked hard your entire life and made wealth, you most likely want to pass down as much of it as possible to the people you care about. It is for this reason that most people draft wills. For your will to be executed, however, it has to go through...
Estate Planning & Probate
Leaving a legacy by recognizing the potential for disputes among heirs
Family conflict that arises after a loved one’s passing commonly intensifies grief. Recognizing potential warning signs among your beneficiaries may help you designate your assets in a way that helps facilitate peace. Drug dependence and mental health issues can...
2 useful advance directives for Minnesota estate plans
Adults of all ages and personal circumstances can benefit from developing an estate plan. Those who recently got married or divorced, those planning to have children and even those who have acquired property like a home or a business may feel strongly about having an...
3 ways a trust can safeguard your kids’ financial future
Are you concerned about securing your children’s financial future? Every parent wants to give their children a secure financial foundation that will enable them to succeed in life. One of the best ways to do this is by establishing a trust. A trust is a legal...
4 frequently believed myths about estate planning
People are often misunderstanding the law and misinterpreting it for others. Because of this, the internet is full of misinformation about estate planning. To ensure you’re not making a mistake when planning your estate, you may need to consider the following: Myth 1:...
When life changes, your estate plan needs to change too
An estate plan has a sense of finality to it. After all, many of the documents that make up an estate plan only have authority after someone dies. It is, therefore, common for people to feel a sense of stability about their own situation and peace of mind about the...
What are some benefits of using a trust?
Crafting a will is one way to leave assets to your heirs, but it is not the only one. A trust is another example of a legal tool that you could utilize for this purpose. Essentially, it is an account that holds the assets and you name a trustee to distribute them....
Do I need an estate plan?
Maybe you’re young and healthy, or maybe you’re hale and hearty – but, either way, you haven’t given much thought to estate planning. Maybe you figure that you have plenty of years left, or maybe you figure that you don’t have any real assets worth fighting about – or...
3 mistakes to avoid during probate
Losing a loved one is hard. However, if you have been appointed as the personal representative of their estate, you need to stay strong enough to handle the probate process effectively. Unfortunately, due to the overwhelming emotions, you may make mistakes. This guide...
What are the benefits of creating a will and estate plan?
Many of the tasks that you are supposed to accomplish as an adult are frankly unpleasant. Estate planning certainly seems unpleasant to the average individual. You don't want to think about what might happen if you die or how miserable life could be if you have...