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: Wills
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…
Gift giving and estate planning in Minnesota
For those who are eager to give away money while they are alive and well, you’ll be happy to hear that new gift tax exemption numbers for 2015 have been released by the federal government. For those eager to receive money, you’ll be thrilled to hear that the limits have gone up to account for…
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…
IRS Announces Rise In Estate Tax Exemption
Though it’s rare to hear good news out of the Internal Revenue Service, for those worried about the potential pain of estate tax, a recent announcement may just qualify. That’s because the IRS revealed earlier this month that the estate tax exemption amount would climb in 2015. To find out more about the estate tax…
Minnesota Transfer on Death Deeds
When doing Minnesota estate planning, a person may draft what is called a transfer on death deed which will transfer the title to that person’s home or other real property to their chosen beneficiaries. That transfer on death deed is a very effective as an estate planning tool to avoid probate. What to know about Minnesota Transfer…
The Impact of Divorce On Minnesota Estate Planning
Everyone knows how confusing and emotionally exhausting divorce can be. Between custody disputes, paying lawyer bills and dividing your assets, it can be a lot for anyone to handle. Though the last thing you want to hear is the need to do even more work, the reality is that it’s important to take steps quickly…
Minnesota Estate Planning (Wills & Trusts): How To Handle Items Of Personal Property
Though estate planning often revolves around money, there are other items of personal property that are often just as important and sometimes even more important to people, regardless of their worth. Jewelry, photographs, antiques and other items may not have much monetary value, but can be very important for sentimental reason. When handling the disposition…