In Minnesota, You’ll Find Different Trust Types—Each With its Own Advantages When it comes to trusts, there’s no such thing as one-size-fits-all. Minnesota law allows for many different types of trusts, and different trust types can be used in different situations. Seeking the guidance of an experienced lawyer is crucial when considering establishing a trust....Read More
With Planned Giving, You Can Make a Lasting Contribution The estate planning process is a good time to consider the charities close to your heart. Is there an organization that changed your life? Is there a worthy cause that could benefit from support after you’re gone? From a hospital that cared for you when you...Read More
What Older People Should Keep in Mind When Getting a Divorce Divorce is a challenging and emotional process, and it becomes even more complex when it occurs later in life. This phenomenon, known as a “grey divorce,” has been gaining attention in the field of family law. The phrase “gray divorce” refers to divorces among...Read More
Estate Planning Is Not a Taboo Topic There are all kinds of topics that people tend not to discuss at family or friendly functions. The common no-nos are religion and politics. Another topic many don’t want to discuss is estate planning. Perhaps it’s because it feels morbid or too personal. Let this post from our...Read More
4 Reasons Why You Need to Develop an Estate Plan Did you know you have an estate? It’s true. Everything you own, including your car, furniture, investments, home, and bank accounts, falls under your estate. When you die, anything under your name needs to go somewhere. That’s where an estate plan comes in. If you...Read More
The Basics of Naming a Power of Attorney The term “power of attorney” (POA) refers to a legal document that allows another person to make decisions on your behalf. These decisions can be related to finances, healthcare, personal matters or real estate. Naming a power of attorney is an important part of estate planning. It...Read More
Everything You Need to Know About Transfer on Death Deeds If you own property, you may wonder what happens to it after you pass away. In Minnesota, you can use a legal document called a Transfer on Death (TOD) deed to transfer your real estate to a beneficiary of your choosing. A TOD deed or...Read More
Is There A Good Time To Estate Plan? No one knows what the future holds. That’s why it’s best to be prepared at all times. Nobody knows the best time to create a will, and that’s why Estate planning can be complex, but we will go through the basics today. A will is a legal...Read More
Can A Long Distance Lawyer Work? You may have heard the phrase “all real estate is local,” meaning that no matter what you see in the national news if you’re looking for property, you need to talk to someone who knows the details of your local market. When hiring a lawyer to it is similar....Read More
Who Can be an Executor? Technically, an executor is a man appointed to carry out the wishes of someone who has died and manage their estate. If a woman is chosen for this task, she is called an executrix. But for simplicity’s sake, we will refer to administrators of all genders as executors since this...Read More