July 2018 Archives

Do you need to plan for long-term care in your future?

Estate planning can be a complicated process. While the basics are important, like naming beneficiaries in your will, there are other things you need to consider as well. Many people create living wills that include power of attorney documents in the event of incapacitation or coma. Others focus on the creation of trusts to reduce tax liabilities and protect special needs heirs, minor children or even pets.

Estate planning for the future of a business

Many parents in Minnesota expect that they will eventually pass their estates on to their children as a matter of course. In general, families want wealth to be passed from parents to children, including businesses, investments and real estate. However, some people may wish to consider alternative ways of handling their assets, especially when their children are already well-off and successful on their own.

Funding trusts

Minnesota residents can include a trust in their estate plan to ensure that their assets are handled according to their wishes after they die. However, it is important that they fund the trust.

Supreme Court expands Fourth Amendment privacy rights

Americans living in Minnesota and across the nation recently received important new privacy protections. On June 22, the U.S. Supreme Court ruled that, in most situations, law enforcement agencies are required to obtain a warrant before gaining access to someone's cell site location information, or CSLI. Some legal observers are calling the ruling the most important Fourth Amendment decision of the 21st century.

Special needs trusts could provide long-term support

People with certain disabilities face a dilemma when they receive a large settlement or inheritance. Because of strict Medicaid rules, people who receive government benefits may only own a limited amount of assets in their own names. Fortunately, it may not be necessary for disabled people in Minnesota to choose between forfeiting a large sum of money or giving up their medical benefits.

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Groshek Law PA
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Phone: 612-424-5829
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