All adults should have an estate plan in place so their loved ones know their wishes. Even if you have your estate plan in place, you still need to remember to review it periodically. One such instance is if you get a divorce. After you go through a divorce, you need...
The focus of estate planning is often on what will happen after someone dies. Wills and trusts can help ensure that property goes to the right people after someone's death. However, estate planning in Minnesota is not just about death. It can also address incapacity...
Generally speaking, it is not necessary to include a life insurance policy in an estate plan. It can be left on its own, and other assets can be divided with the estate plan. There are some exceptions to this. For instance, some people will set their life insurance...
Unfortunately, insurmountable relationship problems can impact any couple, regardless of the length of marriage or age. As you know, getting a divorce is always an option when a marriage is irretrievable, but is it the best solution for couples over 50? In Minnesota,...
Although people think of divorce as an intensely emotional process, the main focus is on tangible matters. Couples share their resources and income when married, so a divorce in Minnesota will necessitate addressing numerous practical matters. Spouses need to separate...
Co-ownership of real property can be a very reasonable choice. People who have rented property together as roommates might buy the property from their landlord together because neither could afford it on their own. Other times, family members might inherit property...
Naming an executor is an essential part of estate planning. The party you choose ensures your estate plan protects your loved ones as you intended. Therefore, you should be extra careful when choosing one. The following are four factors to consider when choosing an...
While you don't need to explain every detail of your estate plan to your family, it helps to have an open discussion, especially if you have a complex estate or the assets are not divided equally. Talking to them can eliminate the chances of inheritance disputes....
There are few purchases as significant as a new piece of real estate. Whether you’re using it as a home or investment, real estate doesn’t come cheap. It's important to carry out due diligence before committing to an agreement. Additionally, you should know when you...
Some people come into this world with congenital conditions that will make them forever dependent on the care of others. There are many other people who acquire disabling medical conditions because of an injury or an illness that occurs later in life. In either event,...
