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…
Tag: Dakota County
Minnesota Probate Vocabulary
Useful Probate Vocabulary for Minnesota Personal Representatives Once someone close to you has passed away and you need to begin serving as the estates personal representative, its a good idea to brush up on some Minnesota probate vocabulary that can help you with your various duties. In fact, you may even discover a shortcut or…
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….
MN Life Insurance Lawyer | Choose Your Minnesota Life Insurance Company Wisely
At present, about 1,000 companies sell life insurance in this country. However, most of them sell their products and services through about 300 groups so they can simplify their product distribution and pay more attention to each states legal policy requirements. Talking to a MN life insurance lawyer is a good start. (Before buying any…
MN Wills & Trusts | Should You Move into a Continuing Care Retirement Community (CCRC)?
Moving from one location to another is frequently stressful, regardless of your age. However, as we grow older, particularly after age 55, moving can cause an even bigger upset. During our later years, major changes often remind us of how little time we may have left in our lives. Moving to an assisted living center…
Should You Choose Whole Life or Term Life Insurance?
Questions about Life Insurance in Estate Planning? Read on for more information. Now that so many people review their life insurance coverage while creating their estate plans, its doubly important to choose the type of policy best suited to your current needs. Fortunately, there are key facts about these various policies that can help you…
MN Life Insurance Lawyer | Exercise Caution When Including Insurance Policies in Your Estate Plan
As your Minnesota estate planning attorney may tell you, its often wise to leave money to some loved ones by naming them as beneficiaries to your insurance policies. Yet as common a practice as this is many testators make simple mistakes that can prevent their family members or friends from ever receiving the hard-earned money…
Minnesota Will Contests: Most Common Grounds for Contesting a Will
Nearly every family has one or two members who like to argue about nearly everything. This can lead to Minnesota Will Contests. This reality can prove especially annoying when someones Will has just been admitted to probate. While a testator can often prevent this type of problem by including a no contest clause in the…
MN Estate Planning: A Basic Overview of Long-Term Care Insurance
While most of us feel were doing well just keeping up with our life insurance policy premiums, the fact is that once you reach your early 50s, everyone needs to make a decision about possibly buying long term care insurance, too. After all, its been estimated that some 70% of those over age 65 will…
How to Get Letters Testamentary in a Minnesota Probate
Perhaps the number 1 question that the law firm receives is: how to get letters testamentary? The question usually stems from a failed trip or telephone call to the bank. The bank is usually the place where the deceased person kept their money – be it a savings, money market, or checking account. The bank…