Estate Planning

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. Trusts can be used to hold real estate. A deed or deed in trusts can be...

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...

Many people in Minnesota may have a simple will and assume that they've adequately handled all of their estate planning needs. However, a will often does not address all of the issues with which a person's beneficiaries may be confronted, so a full-scale estate plan...

Estranged Minnesota couples expect that a divorce will lead to a number of significant financial, emotional and practical changes. However, there are additional issues that are often not addressed yet can have long-reaching effects and that should be handled in order...

A revocable trust offers many advantages. One of the most attractive features of a living trust is that having one could help a person's family avoid probate. As long as assets are transferred to the trust, they may pass directly to beneficiaries without having to go...

Making arrangements for the distribution of an estate represents an important task for people in Minnesota regardless of their wealth level. Without an estate plan in place before someone's death, the state will step in to manage an estate. An estate plan can even...

It is common for Minnesota residents to struggle with how they should divide their estates. Families might worry because their children may have different needs. If everything is just divided equally among the kids, one child may be left worse off than another. If a...

Some people in Minnesota might dislike talking about money or death. This natural emotional resistance, however, could leave a person and family unprepared if an unexpected event leaves someone incapacitated or dead. A lack of financial planning could also make an...

Minnesota residents can use a trust to help ensure that their financial legacy will be protected. A trust is also useful for managing inheritance taxes. However, when individuals create a trust, they should make sure that they select the right person to serve as...