2020 draws to a close and with it come a lot of lessons. It was a year of unexpected tragedy at global levels that reminds us how we ought to cherish the moments we have together and prepare for the worst while we can. The topic is grim, but what will you leave...
Estate Planning
Why should remarried couples focus on estate planning?
Many people in Minnesota have unfortunately heard stories about family members arguing over a deceased relative's will. These situations arise even in families in which the children are biological siblings and their parents remained married to each other until they...
Why should remarried couples focus on estate planning?
Many people in Minnesota have unfortunately heard stories about family members arguing over a deceased relative's will. These situations arise even in families in which the children are biological siblings and their parents remained married to each other until they...
What is a QTIP trust?
If you are one of the many people in Minnesota who wishes to make now the time you create or update your estate plan, you may wonder if a trust could benefit you and your family. When assessing this, you should educate yourself about the different types of trusts you...
What is a QTIP trust?
If you are one of the many people in Minnesota who wishes to make now the time you create or update your estate plan, you may wonder if a trust could benefit you and your family. When assessing this, you should educate yourself about the different types of trusts you...
Types of special needs trusts for ill or disabled persons
Parents with disabled children not only must learn how to care for their kids while they are growing up, but also need to plan for how to provide for their care after the parents die. People with spouses, siblings or other relatives who become ill and need significant...
Understanding the charitable remainder trust
For many people today, supporting a charitable organization may offer them a way to give back to something that they benefited from or to support an effort they believe in and want to see succeed. When making an estate plan, a person may choose to incorporate planned...
Do I update my estate plan during a divorce?
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...
Tips for family talks about estate planning
Minnesota parents may want to lay the groundwork for strong estate planning by talking to their children about their values when they are young. By establishing an early tradition that money is an appropriate subject, they make it easier to discuss finances in the...
Estate plan concerns
Estate planning can be a sensitive, stressful issue for people and families in Minnesota as well as around the country. Many people are uncomfortable thinking about death or the possibility of a debilitating accident or illness. They are even more uncomfortable...
