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...
Elder Law & Estate Planning
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...
What if you die without a will?
The thought of stipulating which of your loved ones in St. Paul will inherit your estate may seem downright daunting. You certainly do not want to upset anyone with your decisions (thus sowing the potential for discord among your heirs). Yet it is entirely possible...
Pick the right person to be the executor of an estate
When people put together their estate plan, one of the things they have to decide is who will be the executor of their estate. The executor has a lot of responsibility, so it is important to think about who should perform this role. When people choose an executor, it...
Why a health care directive is needed in an estate plan
When some people in Minnesota think about estate planning, they may imagine making a will or a trust and deciding what should happen to their assets. However, there is another important element of estate planning, and that is preparing for becoming incapacitated. This...
Esate planning mistakes to avoid
Estimates indicate that more than 50% of the people in Minnesota and across the country don't have even a will, and less than 10% of the population has a comprehensive estate plan in place. It can be difficult to confront the questions of death inherent in creating an...
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