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...
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Estate Planning And Probate
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...
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...