When Minnesota couples consider divorcing, at many times the trust has long since been broken. Tensions involving finances often help impel a couple toward ending their marriage. In some instances, spending patterns or excessive debt are issues, while in other cases, infidelity can also lead to financial decisions that prioritize another person.
Estate planning is not a one-size-fits-all proposition for Minnesota residents. There are a number of factors that make the process unique for each individual, and one of them is whether or not the person has children. In cases where a person is making an estate plan and has children, he or she will commonly make a number of bequests to the children and in some cases will name one of the kids as executor of the will. In cases where the person does not have children, the decisions might be more difficult, but the estate planning process is just as important.