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...
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Estate Planning And Probate
5 common mistakes to avoid when making a will
When you create a will, you expect it to be implemented per your instructions when the time comes. However, it's not always the case. Mistakes during the creation of a will can make it invalid or unenforceable and derail your estate planning objectives. Therefore, it...
Assets to keep out of your will
When it comes to estate planning, deciding which assets to keep out of your will can be just as important as determining what to include. Certain assets are better suited for alternative methods of transfer, which can help streamline the probate process and...
Why do many Minnesotans put living wills in their estate plans?
As people age, they often consider how they want their final days or years to proceed. For example, many contemplate whether to accept or refuse life-prolonging treatment in the case of incapacitation. At first, you may feel troubled by these thoughts, but it is a...
The increasing importance of digital estate planning
How much time would you say that you spend each week either engaging with online resources or utilizing other electronic means of communication, like email? Have you ever given any thought as to what will happen to your online assets and accounts once you pass away?...
A brief guide to estate plan changes as you divorce
If you’ll be divorcing soon, the last thing on your mind may be your estate plan. On the other hand, you may be eager to get your soon-to-be ex off any many parts of it as soon as possible. If you don’t have a plan, this is a good time to start thinking of putting one...
Three important estate planning questions to consider
Estate planning is not just about establishing who inherits from your estate. It also addresses how your assets are controlled after your death and any decisions that need to be made later in your lifetime. It is a complex set of legal documents that should not be...
Life insurance doesn’t need to go in your will
You may think that it is a good idea to put your life insurance policy in your will when you're making your estate plan. You know how much money the policy is going to pay out, so you assume that it just becomes part of your estate when you pass away. You want to use...
Power of attorney designations assign duties
People who are thinking about their estate plan may become so focused on the will and trusts that they forget about the need to make plans for what will happen if they become incapacitated. The fact is that bills won’t stop just because you aren’t able to make...
How a trust can protect your family wealth
Have you thought about what will happen to your family wealth after you are gone? Are you afraid that everything will go to the dogs due to mismanagement or wastage by the heirs? Then you need to consider having a trust as part of your estate plans. It is a useful way...
