While it can be wonderful to be a part of a large loving family, that goal is often frustrated when two previously married individuals choose to get married again. Far too often, one or both will have older children who resent the presence of the new spouse in their lives. They may also be upset…
Tag: MN
MN Estate Planning – Should You Create a Perpetual Trust in Minnesota?
Many wealthy people like the idea of creating trusts so that their money and investments can keep benefitting their heirs for an almost endless number of years. However, perpetual trusts may not be advisable, even in states like Minnesota that still allow them. In fact, according to an interesting New York Times article, nine states…
Estate Planning: Insurance Policies Can Cover Important Expenses
Always ask your estate planning attorney about the best way to supplement your estate plan with various insurance policies. These types of resources can prove very useful, especially if you cannot leave a large sum of money to loved ones — or if there’s any chance your estate may owe considerable debts when you pass…
Estate Planning Enters The Digital Age (At Least In Delaware)
Though it may not be among your most pressing concerns, the reality is that access to electronic accounts is a matter of growing importance in the estate planning world. The Wall Street Journal recently published an article about a new law in Delaware that has changed the way that others can access electronic data for…
What Types of Trusts Can Be Created in Minnesota?
In addition to having a Will drafted, many Minnesota residents ask to have trust accounts created for them due to their frequent estate planning advantages. However, determining which types of trusts will best meet your needs can be a slightly complicated task. Be sure to ask your Minnesota estate planning attorney to look over your…
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…
Creating a Valid Living Will in Minnesota
Your general estate plan explains how your wealth and possessions should be distributed when you pass away. However, your living will can prove critical at any moment during your life when you become seriously injured in a traffic accident — or must start receiving potentially toxic or life-threatening treatments for cancer or other serious illnesses….
Minnesota Estate Planning | Tips To Avoid Spinning In Your Grave Like James Brown
Though James Brown is known for hits like “I Feel Good,” the mess that has enveloped his estate would likely not be described in such glowing terms. Since his death nearly eight years ago, the crooner’s estate has been embroiled in a near-constant battle with heirs over the otherwise clear wishes of Brown. The New…
Minnesota Probate Law | Homestead, Real Estate, and Property
Many people have multiple homes, townhouses, condos, or other land which are referred to under Minnesota law as “real property”. When someone passes-away and the title to the real property or real estate is in their name, a court must appoint a personal representative or executor to administer their loved-one’s estate. Often, the personal representative…