What You Should Know About End-of-Life Options and the Law At the end of life, people often lose the ability to make healthcare decisions. Some encounter an emergency that leaves them unable to communicate. Others experience illness so severe that they cannot clearly understand their options or express their wishes. In Minnesota, several laws and...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
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
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
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
Where To Begin With Estate Planning What if you are no longer able to control your assets due to health concerns? Your estate plan should detail who can access and manage your assets as your proxy. Ideally, this person or persons should be the same people who will eventually inherit your estate. Everyone should have...Read More
Do You Have A Will? Gifting and Estate Planning aren’t always top of mind. Estate planning is something you should think about long before retirement. There are several aspects to estate planning. Gifting is one of them. Gifts are subject to certain tax rules. Gifting assets can be beneficial to your estate in several ways....Read More
Most documents within an estate plan involve preparing your family for the event of your passing. There is one document, however, that addresses how to handle your medical care while you’re still alive: the healthcare directive. What Is a Healthcare Directive? A healthcare directive, also known as an “advance directive,” is a legal document that...Read More
An estate plan outlines your final wishes in the event of your death, including covering how to divide your assets and provide for your children. Should you get divorced, you will want to update your estate plan to help protect you and your family from undesired consequences. Why Is an Estate Plan Update So Important?...Read More