The start of the school year in Minnesota brings new schedules and extra expenses. Divorced parents will benefit from tackling these demands head on. Planning during the final days of summer vacation will go a long way toward preventing scheduling conflicts and making...
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Parents can plan for their children’s future
There are a number of ways that Minnesota parents can use estate planning documents to make sure their children are cared for in the future. In fact, estate planning is perhaps most critical for people who are also parents. By creating key documents like wills, trusts...
Avoiding potential problems with estate plan surrogates
There is a potential "time bomb" hidden in some estate plans in Minnesota. Specifically, a possible source of unexpected problems is the individual named to act on behalf of the person making the estate plan. Actions taken by one or more parties named to oversee an...
The pros and cons of submitting to a breathalyzer in Minnesota
You just made a mistake. After drinking throughout the summer day, you get in your vehicle and attempt to drive home. An officer pulls you over and wishes to administer a breathalyzer, but you worry that you could blow over the legal limit. Because of the implied...
Financial surprises can accompany divorce
When Minnesota women decide to divorce, the decision to end their marriage can come with unexpected financial changes. In one study of 1,785 adult women, including those planning for divorce, going through the process or with a finalized divorce, 46 percent said that...
Changing interest rates can affect estate planning
Trusts are an important part of estate and financial planning for many people in Minnesota. The current interest rates can play a major role in determining which type of trust will be the most beneficial to heirs. After years of lower rates, interest rates are rising,...
Payroll deductions streamline child support
In Minnesota and across the country, payroll collections are essential to the successful enforcement of child support orders. Across the country, almost 66 percent of all child support payments are made through electronic portals that streamline payroll withholding at...
Understanding pour-over wills
There are many reasons why a Minnesota resident with a trust-based estate plan may fail to place their assets into the trust during their lifetime. However, if there is no other will that dictates what should happen to the assets, the inclusion of a pour-over will can...
Handling College Expenses Following a Divorce
When a marriage ends, all involved parties should revisit their financial plans. However, few exes have explicitly written plans in place for managing expenses such as college expenses for their children. Even if a divorce seems unlikely, all Minnesota couples should...
Minnesota DWIs can follow you across the Wisconsin border
Despite the small rivalry, Minnesota and Wisconsin residents are incredibly similar between spending time outdoors to brewing beer in the basement of their homes. It makes sense that residents who live on the border between the two states often cross for either work...