Estate Planning

Estate planning is a critical task for all adults. It serves as a way to convey your wishes so that your loved ones know what to do if you become incapacitated or when you die. There are a few estate planning mistakes you should avoid making. Taking each of these into...

Adults need to have a comprehensive estate plan in place, so their loved ones know their wishes. There are several components to consider during the process when crafting an estate plan. Passing down assets to beneficiaries is a major aspect of estate planning. One...

Estate plans can range from highly complex to incredibly simple. People can use a half dozen different documents or simply draft a will. Each testator creating an estate plan has their own needs and priorities. They choose what documents to draft and what terms to...

Most adults in Minnesota know that an estate plan is a valuable resource. Still, many people procrastinate about creating a will or drafting other estate planning paperwork. They believe that the process is too complicated or that their rapidly-changing personal...

The average person's goal when creating an estate plan is to guide what happens with their property when they die and to provide support for their family members. Some people also include documents that can help provide them with protection and support if they ever...

Once people finally begin the estate planning process, they’re often surprised by just how much information they can include in their personalized legal documents. For example, if you are starting to construct an estate plan, you can use a health care directive to...

Many testators putting together a comprehensive estate plan create trusts to achieve specific goals. They may be at risk of estate taxes because of the value of their personal holdings or worry about their eligibility for Medicaid later in life. Those with specific...

As you do your estate planning, you may find yourself rather worried about one of your heirs. Their financial situation is not very stable. Maybe they have a lot of overwhelming debt or they tend to make poor financial choices. You’re worried that your inheritance is...

Everybody makes mistakes from time to time. Minor errors are easily forgiven and corrected. But some mistakes can affect you and your family for years. One of these is poor estate planning -- or not doing estate planning at all. An incomplete or ill-considered plan...

A medical power of attorney (POA) gives your chosen party the legal right to make health care decisions on your behalf if you’re ever unable to make them for yourself. This designation is an important part of end-of-life planning, and people commonly select a family...