Probate is the legal process of settling a deceased person's estate. In Minnesota, this process may be necessary depending on the type and value of the assets left behind. Understanding when your family will have to deal with probate will help ensure the proper...
Estate Planning
What estate planning steps should unmarried couples take?
Unmarried couples face unique challenges in estate planning since the law does not provide the same protections as it does for married couples. Planning ahead ensures that both partners’ assets and wishes are protected in case of unexpected events. Here are key...
How can unmarried couples protect their estate?
Unmarried couples often face challenges when planning their estates. Without the legal benefits of marriage, partners need to take steps to ensure that others respect their wishes. Effective estate planning helps protect each partner and their assets. Beneficiary...
Estate planning considerations for business owners
Estate planning for business owners requires specific strategies to ensure a smooth transfer of ownership while keeping the business financially stable. Passing down a business involves careful thought to balance personal and professional goals. Choosing successors...
Important documents for your Minnesota estate plan
Creating a comprehensive estate plan is necessary to honor your wishes and protect your loved ones. Understanding the importance of including certain documents in your Minnesota estate plan will help you make an informed decision. Last will Your will is the...
What makes a health care directive valid?
Falling ill and becoming incapacitated can be a tricky situation, especially if your family members are unaware of your wishes concerning your medical needs. These situations can put your family in a tough spot, especially if they have conflicting opinions about what...
Protecting your wishes: Questions for potential estate executors
Estate planning is a thoughtful process which helps to ensure that your wishes are carried out after you're gone. A crucial part of any plan is selecting someone to manage the estate at issue and ultimately fulfill those final wishes. Choosing the right person...
A trust gives you more control over your estate
Generally speaking, your estate plan is designed to help you pass your assets on to the next generation. You are no longer going to have control over these tangible items or financial assets. They’re being put into someone else’s name, and that person can use them as...
Should you put off estate planning until you retire?
Did you know that only 34% of the U.S. population – when looking at adults – has written in an estate plan yet? It’s true. Only about a third of Americans have a plan in place that their family can use when they pass away. One of the top reasons for this issue is just...
3 important estate planning tips for singles
Estate planning helps singles ensure their assets end up where they want and their wishes come to fruition in the event of incapacity or death. Despite not having spouses, singles still need to take proactive steps to plan for the future and safeguard their financial...
