Funding Revocable Trusts in Minnesota Perhaps the primary thing that you should be cautious about using a revocable trust for is laziness. If you can transfer an asset now by means of an irrevocable trust, that may be the route to take. Revocable trusts are the kind of trust for the stuff that you still…
Category: Minnesota Revocable Trusts
Putting Your Home in a Trust | Minnesota Law
Putting your home in a trust might sound like a good idea, and in most cases, it probably is for the best. So that you’re aware, though, of what that might entail for you, here’s a bit of an introduction to what you may need to go through and what might be the results. As…
Titling Assets in Revocable Trusts
Titling Assets in Revocable Trusts Though they’re not as hard to change as irrevocable trusts, Minnesota revocable trusts might not be the best choice for all of your assets. What you’ll learn in this article is about what assets might not best fit into a revocable trust. While trust law may allow you to put…
Minnesota Revocable and Irrevocable Trusts | MN Estate Planning
Minnesota Revocable and Irrevocable Trusts Not all trusts are the same. That statement goes further than simply in how they’re written. There are multiple different kinds of trusts regardless of their contents. A trust lawyer can help you understand all the ins and outs of trust law and how each kind of trust is different….
Preparing for Incapacity | Minnesota Wills, Trusts, and Guardianships
All of us have the potential to become incapacitated at any given point in time. It’s not a nice truth, but it’s a truth, nevertheless. Some of us see it happening years beforehand. Others of us see it only seconds before it’s already too late, leaving us unable to continue living our lives to the…
Should You Get a Trust? | Minnesota Estate Planning
MN Estate Planning | Should You Get a Trust? Minnesota Trusts are funny little things. You’ve most likely heard them tossed around in the same sentence as wills and estates, but you might not be sure if having one is really advantageous to estate planning. This article aims to tackle that issue head on. Before…
Should You Consider a Revocable Trust? | MN Estate Planning Law
Why Should You Consider A Revocable Trust? We’ve done a few posts on revocable trusts already. In the first, we explained more about what a revocable trust was and how it worked. In the second, we talked about some of the most important benefits of a revocable trust. Now that you have a bit more…
MN Wills & Trusts | Different Ways to Hold Title to Property
Different ways to hold title to property A recent article in the Washington Post involved a letter from a reader asking whether she and her husband needed to create a trust to ensure that, in the event of eithers death, the other would be guaranteed to take ownership of the family home seamlessly. The author…
Minnesota Estate Planning: How to Fund Grandchildren Attending College
Questions about Funding Grandchildren Attending College? Since undergraduate degrees usually help adults earn more throughout their lives, most young people still hope to attend college. However, financing this type of education often proves too expensive for many teens and their parents. Fortunately, many grandparents have decided to step into this financial void and help out….
MN Special Estate Planning Needs: Older Single Adults Without Children
Now that most firms have had adequate time to start offering all of their estate planning tools to same-sex married couples after the passage of new laws, its time to revisit the special needs of older single adults many of whom are without children. Recent statistics indicate that 53% of all women and 26% of…