Minneapolis Probate Lawyer What To Do if You Don’t Want What Is Left To You There was a time, in the not-too-distant past, when inheriting something was a benefit and nothing but good news. But, with the crash of ’07 and the subsequent plummeting of real estate values, that’s no longer true. Probate lawyers such as myself…
Continue reading…
Appointing a Power of Attorney: Key Considerations
Have you ever thought about who would manage your affairs if you were unable to? Appointing a Power of Attorney (POA) is an important step to ensure your financial decisions are managed by someone you trust, from paying bills to managing investments. This choice grants a trusted individual the legal authority to act on your…
Continue reading…
The Importance of Periodic Estate Plan Reviews and Updates
Have you ever considered how life’s unexpected twists and turns can affect your future and that of your loved ones? Regular reviews and updates of your estate plan ensure that your personal and financial wishes stay aligned with your current situation. Here we will look at why this process is essential for maintaining peace of…
Continue reading…
Choosing Between a Will and a Living Trust: Pros and Cons
Are you considering how to best secure your future and ensure your loved ones are taken care of after you’re gone? You might be wondering whether a will or a living trust is the right choice for your estate planning needs. Each option has its unique advantages and drawbacks, and understanding these can help you…
Continue reading…
Common Mistakes to Avoid When Writing Your Last Will and Testament
Are you considering writing your Last Will and Testament but unsure where to start? It’s a significant step, one that requires thoughtful consideration and awareness of common pitfalls. Mistakes in drafting your will can lead to unintended consequences, impacting how your legacy is carried out. From overlooking state laws to failing to update your document,…
Continue reading…
Asset Protection Strategies to Keep in Mind When Estate Planning
Estate planning is crucial for safeguarding your assets, ensuring your legacy is secure for the future. Asset protection plays a pivotal role in this process, but which approach is most suited for your unique situation? Here we will explore effective asset protection strategies in estate planning so you can consider what might work best for…
Continue reading…
How to Make a Valid Will in Minnesota
While making a will is important, making a valid will should always be the goal. After all, a will that does not comply with Minnesota laws will not be recognized in probate court. In order to have the wishes expressed in your will effective and properly executed, there are certain things that need to be…
Continue reading…Estate Planning 101: Why It Is Important For Young Families
A Trusts and Estate Lawyer Talks About the Need for an Estate Plan for Young Families Becoming a new parent is an amazing experience, but it can also be overwhelming. One of the things you need to think about as a new parent is estate planning. Estate planning may not be the most exciting thing…
Continue reading…
What Differentiates a Will from a Living Trust?
The wide world of estate planning is much faster than most people realize. There are so many estate planning tools of which you might not even be aware but can accomplish important goals for you and your family. Thus, it is worth your time to learn about your options. Did you know, for instance, that…
Continue reading…Should I Handwrite My Will?
A Minnesota Estate Planning Lawyer Explains Why You Should NOT Handwrite Your Will We’ve all heard the stories. A dying person writes out a will on a car bumper. Is such a will valid in Minnesota? Generally, a handwritten will – called holographic – is not valid here. What is a Valid Will? Under Minnesota…
Continue reading…