You plan on wetting a line with your loved ones for years to come, but you know life can change in the blink of an eye. In those situations, you want to make sure everything is in place ahead of time. That's where having a will and estate plan comes in handy. But the terms aren't always the easiest to understand. Here are some of the differences between a will and other estate planning tools - and why you should consider them.
Retirement savings can be affected by divorce
Most Minnesota spouses facing divorce know to expect a range of emotional, practical and financial challenges. While people often think of these issues in the immediate terms, the ripple effects of a divorce can echo for years in a person's financial life. It can be particularly important for newly single people to plan for the future in order to increase their preparedness for retirement, especially since divorce is more highly correlated with difficulties in maintaining a standard of living in the retired years.
Bankruptcy filing for rapper Lil' Kim
Minnesota fans of rapper Lil' Kim may have heard that she is having financial problems. Lil' Kim filed for Chapter 13 bankruptcy just days before foreclosure on her mansion in New Jersey.
Supreme Court rules in favor of privacy
Police in Minnesota and throughout America will need a warrant to search a vehicle located on private property. The Supreme Court ruled 8-1 in favor of a defendant who had been taken into custody after being suspected of stealing a motorcycle. Police believed that the motorcycle in question was sitting in the man's driveway under a tarp. After completing a search, they took him into custody when he arrived back at his home.
