Estate Planning

Some couples in Minnesota and other states have decided not to have children because of insecurities regarding their parenting skills, concerns about their finances, worries regarding climate change and instability, and a wide variety of other reasons. Couples who...

Many people in Minnesota might put off estate planning because the topic is not an easy one to consider. However, it may be especially important for people who have a special bond with a pet to have up-to-date estate plans. In the event that a pet owner passes away...

Minnesota residents may rightfully assume that a living will is an essential part of an estate plan. However, they should also strongly consider including a living trust as well. Despite the similarity in their names, living wills and living trusts are completely...

In Brainerd, Minnesota, people who invest in IRAs often neglect to name primary beneficiaries when they open their accounts. People think they will name their beneficiaries at a later date but then forget to update the information. It is always a good idea to name...

As a general rule, you should review your estate plan periodically and make changes as necessary. You should be especially sure to update your plan after major life events, such as the birth of a child, purchase of a home, death of a loved one or even a divorce.In...

Some Minnesota residents may not find out until a loved one's death that they have been named as the executor under the testator's will, while others learn this well ahead of time. An executor has a number of responsibilities that include paying creditors, filing tax...

Deciding how to divide your assets can be difficult. Understanding all the different paperwork can be even more so. You may wonder how estate planning tools differ and which is right for you. Here is what you need to know about common estate planning tools. Trust vs....

Minnesota parents may want to consider expanding their estate planning instructions if their children are minors. Wills offer parents the opportunity to appoint guardians for their kids. However, this still leaves a gap between what happens after the parents' deaths...

A will, or “last will and testament” is a legal document that is used to transfer your belongings, money or other “assets’ to the people you name in it. A will can serve more than just that purpose, however.A will can also be used to...

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...