You need a comprehensive estate plan to make sure wealth is transferred successfully to your loved ones. However, many of us often overlook the crucial part of communicating our estate plan to family and heirs. Even with a thorough and… Read more »
Tag: estate planning
How Does an Elder Law Attorney Help Seniors?
Elder law deals with legal issues affecting older or disabled people. Attorneys who practice elder law advocate for and create legal plans to assist seniors, and their loved ones, in living better lives. Elder law may include planning for retirement,… Read more »
A List of Five Essential Legal Documents
All Americans who wish to protect their families and themselves must have an estate plan. Making sound decisions regarding finances and healthcare can become challenging as you age due to diminished mental capacity or declining health. Putting these five must-have… Read more »
Sibling Estate Disputes: How to Avoid Them or Resolve Them
It’s impossible to avoid sibling rivalry in most families. Depending on your particular family members and the dynamic between them, old rivalries from the past can become more significant when a parent passes. Adult children who are emotionally upset and… Read more »
Creating a Charitable Trust Can Provide Your Heirs With Income
A charitable trust is an irrevocable trust that can provide income to your heirs and benefit you. If you are philanthropically-minded with nonessential assets like stocks or real estate, a charitable trust can offer many financial advantages for all those… Read more »
Planning Your Estate as an Entrepreneur
Among entrepreneurs, there are several characteristics that they all share: motivation, creativity, persuasiveness, risk tolerance, versatility, vision, innovation, communication and collaboration, flexibility, and decisiveness. These individuals create new businesses bearing most of the risks and reaping most of the rewards… Read more »
A Guide for Seniors on Estate Planning
Estate planning is considered essential by most older adults. Yet, nearly half of Americans age 55 or more do not have a will, and even fewer have designated powers of attorney, a living will, or health care directives. These documents… Read more »
Do I need a health care directive?
At any stage in life, it’s important to plan for your future. As you get older, the plans may change. Instead of making provisions for kid’s college funds and retirement, you need to plan for what should be done if… Read more »
Do I really need to create an estate plan?
Thinking about death is generally an unpleasant experience, so it likely comes as no surprise that many people in Minnesota avoid estate planning. However, death is unavoidable, so it only makes sense to create a well-thought-out estate plan in preparation… Read more »
What is a revocable living trust and do you need one?
Like many Minnesota residents, you probably know that you need a will. Otherwise, the state gets to decide where your assets go after you pass away. However, a will is not the only estate-planning document you can use to provide… Read more »