Estate planning is the process of documenting your wishes to ensure they will be carried out when you pass away — or in the event you become incapacitated. It allows you to have control over how your property gets distributed and who makes decision…
Read More
Whether your objective is to ensure your children are provided for after your passing, safeguard your assets, or reduce the tax burden your beneficiaries may incur, a trust is an estate planning vehicle that can be used to help you achieve your goals…
Read More
An estate plan is a crucial tool that helps to ensure your wishes are met after your passing. However, it’s important to understand that an estate plan is reflective of your life at the time you created it — there can be many changes that happen…
Read More
Trusts in estate planning can help you meet your financial objectives and ensure your wishes are met after your passing — or even during your lifetime. Importantly, trusts can be used in a variety of ways and there are specific uses for each type.…
Read More
If you are beginning the estate planning process, you may be wondering whether you should have a trust in place. A trust can often achieve much more than a last will and testament. There are various types of trusts that can be used to accomplish your…
Read More
When you begin the estate planning process, one of the most important things you will need to do is select an executor of the estate. Also referred to as a personal representative, this individual will play a key role in the administration of your es…
Read More
Estate planning is crucial for everyone — but it is particularly important for members of the LGBTQ+ community. Whether or not you are married to your partner, having the proper estate planning documents in place can help ensure your wishes are car…
Read More
Most people know they should have a will drafted — but what they might not realize is that there are a number of estate planning strategies that can be used to carry out their objectives. Significantly, estate planning is crucial for people of all…
Read More
Many people think if they are married, they do not need to create an estate plan because their spouse will automatically inherit everything. But while surviving spouses have certain statutory rights in Minnesota, they are not always entitled to the d…
Read More
People often think of prenuptial agreements as a safeguard in the event a marriage fails. However, they can also be used in connection with estate planning. Not only can a prenup agreement help to avoid unintended consequences when it comes to who wi…
Read More
There’s no better time to commit to creating an estate plan — or review one you already have in place — than the new year. Although it might not be the most exciting New Year’s resolution you make, creating a comprehensive estate plan is a vi…
Read More
A trust is a crucial estate planning tool that can help ensure your wishes are carried out not only upon your passing, but also during your lifetime. When properly set up, a trust can avoid probate, allow you to remain in control of your assets, and…
Read More
One dilemma that many parents face when making their estate plan is the question of whether to divide their estate equally among their children. The answer to that question depends heavily on the circumstances, and will vary from family to family. Pa…
Read More
A last will and testament is the foundation of most estate plans. Many of our clients, when creating a will, wonder just how specific they should be with the provisions. It’s a good question, and one that deserves exploration. On one hand, if you a…
Read More
Having “the talk” with your children isn’t easy, and many parents avoid it as long as possible. That’s why it is important for children to be able to introduce the subject and ask for the information they need, even if doing so feels awkward…
Read More