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 of the article dove into the issue…
Category: Minnesota Estate Planning
Minnesota Revocable Trusts | Trust Law
There are all kinds of trusts floating around out in the world: revocable trusts, irrevocable trusts, charitable trusts, special needs trusts, spendthrift trusts, asset protection trusts, constructive trusts, etc., etc. With so many options, it can be hard to understand which is which and what one or ones are worth considering given your particular circumstances….
Elder Abuse and Minnesota Estate Planning
Elder Abuse Those who are in a position of caring for older and vulnerable adults provide a valuable and courageous service. There are many challenges in providing for vulnerable and partially handicapped adults in health care, financial items, and other matters. However, primary caretakers for vulnerable adults cannot do it all. Often times, they bring…
Minnesota Special Needs Trusts
Estate Planning, Pooled Trusts, and the Intersection of Federal and State Law Estate planning can take come in a variety of ways. For parents with children with disabilities, the special needs trust (SNT) is a unique estate planning device specifically tailored for beneficiaries with disabilities. The goal of this article is to examine SNTs, its…
Estate Planning for Minnesota Farmers
Farmers face unique estate planning issues separate from more traditional white-collar careers. The nature and value of assets in a farm presents different estate planning issues for hard working farmers. Because an orderly disposition of farm assets may take years, it is important for farmers to plan early for their retirement. Estate Planning For Minnesota…
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….
Minnesota Wills and Trusts Reading Resources
Before first visiting your attorneys office, you may find it useful to do a bit of general reading about estate planning topics. Although arriving without any background knowledge is perfectly acceptable, it can help you come up with questions geared to your unique set of assets. In keeping with this idea, the American Bar Association…
Small Business Estate Planning In Minnesota | MN Wills and Trusts
Whether youre the sole owner of a business or a partner in one, you need your Minnesota estate planning attorneys help to make sure your business interests are properly transferred to others when you pass away. Since co-ownership of a company or corporation requires unique legal documents and planning coordinated with other owners, this article…
Minnesota Estate Planning | Nursing Home Evictions
Most of us assume that if our parents run out of money to pay for their nursing home care, theyll simply go on Medicaid. While that may still happen in many cases, bad things can still happen even to families that have avoided all forms of fraud or wrongdoing. This is why you must keep…
MN Estate Plan | Reverse Mortgages: Can One Negatively Affect Your Minnesota Estate Plan?
When you see a TV ad with a famous older actor telling you that a reverse mortgage might solve all of your current financial problems, its tempting to believe everything you hear. However, its never wise to immediately pursue this type of loan before carefully considering how it might affect your overall MN estate plan….