Dementia is an illness that usually strikes in old age. It robs a person of their memory and can lead to the afflicted person becoming a danger to themselves. In advanced stages, dementia can lead to the body’s “forgetting” even involuntary actions, such as how to...
Estate Planning
Updating Your Beneficiaries: When and Where to Do It
Naming your beneficiaries is a crucial step in ensuring your property passes to your intended parties after you pass away. You can name beneficiaries in your will, trust, insurance policies, and retirement accounts. However, naming your beneficiaries is just one part...
Is it Possible to Avoid Probate in Minnesota?
The short answer to the question above is, Yes. The slightly longer answer is that it is possible to avoid probate, but only under certain circumstances and only if parties take specific steps. How to avoid probate The necessity of the probate process is determined...
How do Charitable Remainder Trusts Work?
Leaving a gift to a charitable organization may very well be a crucial goal for you as you develop your estate plan. Establishing a trust could be one way to accomplish this, but there are several different options to consider. One such option is a charitable...
What is an Asset Protection Trust?
One of the top estate planning priorities people have is to protect their assets from seizure and maximize their value. They want their property to benefit their loved ones, not creditors. If you have assets you want to shield from creditors, as well as lawsuits and...