How to Prepare for Estate Planning Why: Keep Family Together Estate planning exits to ensure that your possessions go to where you want them to go. For example, let’s say that you have three children that you want to pass your estate to. However, much to your disappointment, there exists some underlying sibling rivalry between…
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Estate Planning Advice For Single Parents In Minnesota
Everyone knows how stressful it is to be a parent. What’s even more stressful? Handling all that worry on your own. Single parents have to juggle the responsibilities of caring for young children as well as the added burden of worrying about what will happen to them in the event that you die or become…
The Most Useful Minnesota Estate Planning Documents
When clients request a Will, they’re often surprised to learn that they may need several more documents prepared for them if they’re seeking a comprehensive estate plan. While Wills are often the centerpiece of many people’s estate plans, others prefer to use one or more trust accounts to leave their wealth and belongings to others…
Minnesota Probate Law | How Much Does Probate Cost And How Long Does It Take?
It’s quite common to hear people complain about the pain of the probate system. Probate is commonly understood to be a long and expensive process, one that wastes time, money and energy. Though many people may be familiar with such common complaints, few understand how long the Minnesota probate process really lasts and how much it can…
Minnesota Wills and Trusts | The Value Of A Living Trust & Lou Reed’s Estate
Lou Reed, lead singer and guitarist for the group The Velvet Underground, died after a long battle with liver disease late last year at the age of 71. As a celebrity who valued privacy, little was known at the time about his financial condition, net worth or estate planning decisions. That’s all changed now that…
Minnesota Estate Planning | Three Estate Planning Tools Everyone Should Have
The Wall Street Journal recently published an article concerning the most important estate planning documents that everyone should have prepared. The author of the piece noted how when many people hear the phrase “estate planning” they imagine wealthy oil tycoons and contentious probate battles, wrongly believing they don’t need to concern themselves with such matters….