Thinking about what will happen to your estate and end-of-life plans isn’t necessarily the most pleasant topic for discussion with your adult children, but it can be a critical one. Before having this discussion, prepare by considering the participants’ personal...
Estate Planning
How Can You Help a Loved One Who Is Showing Signs of Dementia?
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...
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...