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Building An Estate Plan That Is Right For You
For many people, estate planning is a relatively unpleasant process. No one wants to think about their own mortality or about the suffering of their loved ones after they die. Some people indefinitely procrastinate about estate planning to avoid this unpleasant...
Many estate planning documents address what happens after someone dies. Others protect people from emergencies while they are alive. Powers of attorney take effect when people have incapacitating emergencies that leave them incapable of meeting their own needs or...
When navigating a particularly uncertain economy, where market fluctuations, inflation concerns and interest rate changes can affect the value of assets, properly funding a trust arguably becomes more important than ever. If you’re getting ready to create a new trust...
A will can serve many important roles after an individual dies. It can clarify who should hold a position of authority during estate administration. A will can also provide clear instructions for the distribution of the testator's property. State statutes imposed...
Wills are relatively powerful legal instruments. Testators thinking about the needs of their loved ones or the legacy they leave can use a will to determine what happens after they die. In some cases, a will might actually be the only estate planning document an...
When an individual dies, their will or estate planning documents guide the distribution of their assets. Most families do their best to follow the instructions provided by a deceased loved one. However, some families reach the uncomfortable conclusion that the...
The church an individual attends can have a major impact on their life. Many people meet their spouses at their churches. The other members of their congregation can provide them with support during difficult times. It is only natural for those who have...
Individuals who take the time to draft a will usually have specific reasons for doing so. They want to protect their family members, distribute their property in a certain way or entrust their estate to a specific person. Many people view wills as simple testamentary...
Estate administration is a very complicated and potentially messy process. The personal representative of a Minnesota estate has to take physical control of certain assets. They have to properly manage resources ranging from investment accounts to real estate. They...
People have a variety of different motives for estate planning. For some, the primary concern is the protection of their family members. For others, leaving a meaningful legacy is their most important goal. They may want to provide resources for specific beneficiaries...