Perhaps you are nearing retirement age and beginning to consider what might happen if you are no longer capable of making health care or financial decisions. Aging brings new issues to manage. Then, too, there is always the possibility of a debilitating illness or...
The importance of having a healthcare directive
Not many people want to think about what would happen if they were unable to make their own healthcare decisions. However, there are things like serious injuries, advanced dementia and life-limiting illnesses that can occur. An important part of planning for the...
What do you know about estate planning in your 20s?
You graduated from college in Minnesota recently, and you may worry more about starting your career than estate planning. Should you tend to both matters equally? U.S. News & World Report explains why recent college graduates should mold their estate plan now....
Creating a living will in Minnesota
Estate planning is not only about deciding what should happen after you die. You should also consider what would happen if you were to become permanently incapacitated. With a health care living will, you have the opportunity to both give instructions about the health...
How do you find the perfect executor for your estate?
As a resident of Minnesota, you have dedicated time, money and effort into crafting your estate. When you begin working on your estate plan, you should put just as much care and consideration into it, too. Thus, you need to start off with a strong foundation. One of...
5 Trust types explained
Most people know that they need to do something in terms of handling assets after death. However, with all of the options, we find that people often have difficulty even getting started. We often see confusion surrounding trusts. Here are five different types with...
Understanding executors and powers of attorney
When making an estate plan, identifying what a person wants to happen to their assets after they die is only one of the decisions they may need to make. A thorough estate plan requires a person to determine who will have the responsibility of managing the distribution...
How can older adults pay for long-term medical care?
As your mother and father draw closer to the age of retirement, you hope they prepared themselves financially. Even if they have, the cost of medical care for older adults can become a burden for even the most well-prepared individuals. To help your aging parents get...
Signs it might be time to establish a guardianship over a parent
Watching as a parent’s mental or physical health declines is never easy, and neither are the decisions you must make as that parent’s condition worsens. Dementia and Alzheimer’s disease are progressive, meaning they get worse over time, so when you start seeing signs...
How does a trust work?
When planning what happens with your estate after your death, you have various options for how you handle the disbursement and management of your assets. One option is to use a trust. According to The Street, a trust is a legal agreement between three parties. You...
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