Advance health care directives are among the most important estate planning documents people create. Oftentimes, those facing a life-altering diagnosis or a terminal condition receive encouragement from health care and mental health professionals to establish an...
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Estate Planning And Probate
Important considerations before creating an irrevocable trust
Irrevocable trusts are increasingly becoming popular estate planning tools for various reasons. Beyond their versatility, irrevocable trusts offer other benefits, such as shielding assets from creditors, reducing estate taxes and helping with Medicaid planning....
Is your will valid under Minnesota Law? You should make certain
A will is a vital estate planning document outlining your wishes for distributing assets to your loved ones. But if it does not comply with the wills laws in your region, it will do you little good. Each state has its own rules for what makes a will valid. Below, you...
Preparing an inheritance for an adult child with an addiction
Parents of adult children often take great joy in watching them pursue careers and develop their families. It is common for parents to continue providing practical support, financial assistance and life advice long after their children become independent. Many older...
2 mistakes to avoid when drafting a will
Estate planning is an important and relevant process for virtually all adults. Despite this, a significant number of adults in the U.S. have yet to even draft a will, let alone any other estate planning documentation. A will is a legal document that can outline your...
Why should you curate an estate plan for your pets?
If you are considering creating an estate plan for your pets, you are not alone. Many pet owners would want their pets to receive the best care after they are gone or no longer able to care for them due to illness. There are many reasons why you would want to curate...
Choosing a guardian for minor children
Choosing a guardian is one of the most significant decisions that parents of minor children must make when estate planning. This decision can help to ensure that children will be cared for by a trusted individual in the event of the parents’ untimely death or...
Can minor children inherit?
Once someone turns 18 years old, they are free to inherit directly. So parents of adult children can just earmark assets for their children in their will or any other way they wish. If, however, the parent dies before the child turns 18, they need another option....
How do you update your estate plan for 2024?
You created your estate plan to ensure your family’s financial stability after you’re gone and to make certain that your final wishes are respected. However, estate planning is never a “one-and-done” operation. Life is full of surprises, and it’s a good idea to...
Do you need a digital estate plan?
Technology continues to evolve and become an integral part of our lives. Therefore, it is increasingly apparent that a digital estate plan is essential to preparing for the unexpected. This will ensure that your online life and digital assets are taken care of after...
