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Coronavirus Impact and Assurance: Yes! We are still open for business!

For the last year, thanks to the hard work of all of our staff, and you, our clients, no one who works at this office has gotten Covid while working here, and we have not spread a single case to any of our clients, while getting all of our client's legal needs taken care of. With the spread of vaccination the end is in sight, normal times where we can meet our clients in person in the office are just around the corner.

During the transition we will be having some in person, in office appointments for clients who have already been vaccinated, and for whom the CDC recommended period of time has passed since their last shot. Of course, for anyone who would prefer a phone or video appointment for safety, convenience, or any other reason those types of appointments are always available.

The weather is warming up and outdoor-in person appointments are now available. The updated CDC guidelines indicate that masks are not needed for vaccinated people outside if not in close quarters; although as a precaution we will continue to practice social distancing. If you have not had your vaccination, masks will continue to be a requirement.

Through the transition safety of all staff and clients will continue to be our top priority, we look forward to seeing you soon.

Please see our blog for more info on pandemic response.

Do I update my estate plan during a divorce?

| Aug 26, 2020 | Estate Planning

If you and your spouse documented your long-term estate planning needs, you should feel good about having those things in order. When you and your spouse get a divorce, however, those plans may need a refresh.

Understanding what you may or may not update after you first separate or what you may need to update only after your divorce completes is important at this time.

Controlling your finances and health care

Most people name their spouse as the first person to take over control of their financial and health matters should an event occur rendering them unable to do so, such as after an unexpected accident. As explained by Forbes, leaving these rights with an estranged or former spouse may not be what you really want. For this reason, many separated or divorcing spouses opt to update or create their durable power of attorney and medical power of attorney even before their divorce has been finalized.

Asset distribution and beneficiary designations

During your divorce, you and your spouse must work through negotiations to agree on how you will split your marital assets. This means you will not know what assets you have left to address in an estate plan until your divorce completes. Decisions about these parts of your estate plan may then be one of the things you prioritize after you receive your final divorce decree.

More information about the various aspects of your long-term plans and the types of tools you may utilize may be available on the asset and life management page of our Minnesota estate planning website.

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