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…
Tag: Rosemount
Revocable Living Trusts and Medical Assistance
When doing a estate planning consult with potential clients, one of the first things that comes to my mind is whether or not there is a medical assistance issue. Will be discussing a trusts and their effect on medical assistance in this article. Medical Assistance in Minnesota We discussed the meanings and definitions of medical assistance…
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…
Happy New Year from Flanders Law Firm LLC
Flanders Law Firm LLC wanted to thank all of its clients and people we have worked with in 2014. We realize that, without our clients and support, we would not be able make it. Thank you very much and please have a safe holiday travel season! I hope all of you are looking forward to…
Minnesota Probate Law | Watch out for burglars of your loved one’s home
I wanted to share this tidbit of information from a poster on a popular website regarding burglars, funerals, and Minnesota probate estates. This is an important lesson to keep in mind for heirs, executors, and personal representatives of probate estates: We at the Goodhue County Sheriff’s Office want to remind you to be mindful when posting information…
Minnesota Probates & Medical Assistance
In every new Minnesota probate administration consult I do, I ask clients whether their loved one received or has applied for medical assistance. Why? Because medical assistance issues often come up in a probate or estate administrations. When people receive state-funded money for payment of hospice care, hospital stays, and long-term care, etc., during their life, the…
Minnesota Wills & Trusts: How Can Moving Impact Your Estate Plan?
Today it’s increasingly common as families grow and change to relocate geographically once or even several times over the course of a lifetime. Jobs, marriage, divorce, grandchildren, retirement, health issues and many other factors can result in moves that present potential estate planning issues. Why does a move matter? You may be confused at this…
Joan Rivers’ Estate Plan Revealed | Minnesota Wills & Trusts
It’s been a bad year in terms of celebrity deaths and estate planning mistakes, with several famous actors and musicians passing away. Though sad for family members and fans, it has been a good year for nosey readers curious about the private financial status of these famous individuals. From Robin Williams to Phillip Seymour Hoffman,…
What is probate?
As an estate planning lawyer, I have been asked “what is probate” on more than one occasion. I’ve also tried to answer that question on this blog. Probate is the process by which the instructions contained in a person’s Will are administered in the court system. It is not something to be scared of. It is…
The Complete Beginners Guide to Medical Assistance and Probate in Minnesota
The title of this post may be a little misleading. I apologize. This article highlights some very basic things about medical assistance as it relates to probate in Minnesota. The law firm plans on making a series of posts about this medical assistance in Minnesota. Covering the entire subject in one article would be very difficult…