Do You Need a Will in Minnesota? | Reasons Why You Need a Will Even if You Think You Don’t Though no one in your family might be prompting you to procure a will, you may still find one handy. Minnesota Wills surpass income brackets and assist people of all walks of life. As long…
Tag: Estate Planning
Minnesota Power of Attorney
Minnesota Power of Attorney Minnesota Power of attorney is a very important estate planning document and helps Minnesota residents with financial transactions during someone’s lifetime. In essence, the power of attorney allows third-party to act on behalf of another person, for all manner of legal transactions. These transactions can include financial transactions, banking transactions real…
Benefits of a Revocable Trust in Minnesota
Benefits of Revocable Trusts in Minnesota As estate planning lawyers, we often have conversations with clients about the differences between wills and revocable trusts. This article will focus on benefits of revocable trusts in Minnesota. Some of the common reasons to use a revocable trust are: Avoiding probate Holding land or real estate Having spendthrift…
Funding Revocable Trusts in Minnesota
Funding Revocable Trusts in Minnesota Perhaps the primary thing that you should be cautious about using a revocable trust for is laziness. If you can transfer an asset now by means of an irrevocable trust, that may be the route to take. Revocable trusts are the kind of trust for the stuff that you still…
What is a Special Needs Trust in Minnesota?
Dealing with financial situations where not everything is covered by benefits can be difficult to navigate. Someone might not have all the assets to cover their living expenses, or they may not be able to have enough assets in traditional bank accounts to enable to cover their expenditures. Living with a disability can be a…
Putting Your Home in a Trust | Minnesota Law
Putting your home in a trust might sound like a good idea, and in most cases, it probably is for the best. So that you’re aware, though, of what that might entail for you, here’s a bit of an introduction to what you may need to go through and what might be the results. As…
Avoiding Estate Planning Mistakes
Avoiding Estate Planning Mistakes Estate planning is a powerful tool. Though, because of how much estate planning law encompasses, it’s easy to get confused and/or miss some key parts. Not only are you potentially trying to account for every last asset, you might also be trying to ensure that you have proper medical coverage. You…
Do You Need a Will? | Minnesota Estate Planning
Do you Need A Will? | Minnesota Estate Planning Maybe you’re not looking for a typical will. Making one dedicated to the assets that you want to pass onto your spouse or creating one to cover for what isn’t assigned to a beneficiary are both viable options. Don’t worry about how many beneficiaries you have…
Titling Assets in Revocable Trusts
Titling Assets in Revocable Trusts Though they’re not as hard to change as irrevocable trusts, Minnesota revocable trusts might not be the best choice for all of your assets. What you’ll learn in this article is about what assets might not best fit into a revocable trust. While trust law may allow you to put…
Preparing to Contest a Will
Preparing to Contest a Will Should you think that it’s time to contest someone’s will, this article might help you figure out whether or not it’s worth your time. Don’t take this situation lightly. You must be aware of how this situation is impacted by probate law, and keep in mind that you shouldn’t do…