Every adult should take a personal approach to estate planning because one's specific age, morals, wealth, family size, and special interests can all determine the type of estate plan one should have. In fact, a recent study that examined 20,000 millennials who had...
Estate Planning
4 Reasons Why You Should Talk to Your Parent About their Estate Plan
As parents get older, adult children often start worrying more about their health and safety. They worry that their parents will get sick or pass away unexpectedly - especially during a pandemic that poses an exceptionally high risk to seniors. While worrying about...
You May Have More to Protect With an Estate Plan Than You Know
The chances are that you have a pretty clear idea of what you have in terms of your assets and liabilities. And when the time comes to create a plan that protects your property and the legacy you leave for your loved ones, you likely will tailor that plan accordingly....
The Recipe for a Satisfying Estate Plan
Misconceptions about who needs an estate plan abound. Most people believe that estate planning is only for extremely wealthy business moguls or celebrities. But that could not be further from the truth. Estate planning is the process of making decisions about what...
A Tale of Two Celebrities: Chadwick Boseman and Eddie Van Halen
The death of an iconic figure impacts his or her fans, but can also impact the public in general simply because it reminds us of our shared humanity. With a celebrity’s passing, we realize that death is an equalizer. It also reminds us of the importance of estate...
You Inherited a Retirement Account: Now What?
For decades, common financial-planning wisdom has encouraged American workers to maximize their contributions to qualified retirement accounts. Indeed, doing so can be a powerful way to reduce your current income tax liability, grow your savings exponentially...
Can Dual Citizenship Ruin Your Estate Plan?
In early 2020, married actors Tom Hanks and Rita Wilson became honorary citizens of Greece. The president of Greece bestowed this honor upon them because of their humanitarian work in the country after a deadly wildfire swept through Athens in 2018. Hanks and Wilson...
How Your Estate Plan Can Reflect Your Beliefs and Values
Estate planning documents can accomplish a variety of goals, from preserving assets to assigning substitute decision-makers. However, on a grander scale, an estate plan can serve as a way of sharing and protecting your values and beliefs. If your motivations to create...
What Does a Health Care Agent Do?
People often think about their estate plan as a way to protect their financial wishes and maximize gifts to beneficiaries when they pass away. However, there is another critical element of an estate plan: the nomination of a health care agent. A health care agent has...
The Difference Between Minnesota Guardians and Conservators
While guardians and conservators often seem to be interchangeable, under Minnesota law, the two roles actually have different responsibilities. Guardians are typically meant to care for a ward’s personal needs, while a conservator cares for a protected person’s...