Estate Planning

Living trusts, also called revocable trusts, are valuable estate planning tools. They allow individuals to protect and distribute assets according to their wishes. However, establishing a living trust is only one step. To ensure the effectiveness of a living trust,...

Dealing with the passing of a loved one is a challenging experience, and the legal process of probate can add an additional layer of complexity. In Minnesota, probate is the legal process of administering a deceased person's estate, ensuring the proper distribution of...

Few documents hold the weight of an advance directive in your estate planning portfolio. This document defines your healthcare wishes in the event of your incapacitation. When you decide that the time is right to draft your advance directive, there are several factors...

Many parts of your estate plans, such as your will and trust, generally require updates to remain compliant with your wishes. Your life insurance should not be an exception. While your life insurance policy provides financial protection, your needs may change over...

Estate planning helps secure your family's financial future. One of the key components is deciding how to leave inheritances for your children. By carefully considering your options and making informed decisions, you can ensure that your children receive the financial...

Medical advanced directives ensure that your medical treatment aligns with your values and wishes. While many people understand how they work for issues like lifesaving interventions, advanced directives can address many other issues as well. Severe injury and...

A will plays a fundamental role in any Minnesota estate plan, but in some situations, you may have specific estate planning goals a will does not help you accomplish. A trust is another type of estate planning tool that many people use when they have certain goals in...

When you are taking the important step of crafting a will, you may wonder who is the best choice for your executor. This person is responsible for taking care of your debt and giving away your possessions to the right beneficiaries. Whoever you choose for this...

Many people in Minnesota put off estate planning for various reasons, but doing so leave a lot left to chance. When you die without a will or other elements of an estate plan in place, it becomes the state’s duty to figure out what to do with your assets and affairs....

Many people understand that a last will and testament is a document that individuals use to pass on their property to family members or anyone they name as heirs. You should develop your will so it helps ensure the realization of your wishes following your death. U.S....