If you want to be a business owner, there are a few different ways to do it. Two of the most common include starting a business on your own or buying a business that already exists. Most often, business owners have an idea for a company that they want to create. They...
Elk River Minnesota Legal Blog
Protect your assets with trusts
There are many reasons why you might want to set up a trust. Perhaps you want to make sure your children inherit your assets, or you want to protect your assets from creditors. Whatever the reason, trusts can be a valuable tool for estate planning. What are the...
Prenups and postnups: What you need to know
Marriage is a life-changing event for many people and if there were to ever be a problem that would result in divorce, people can put prenuptial agreements (also known as prenups) in place to protect their assets. This legal document is created before marriage and...
Is your spouse hiding money in cryptocurrency?
People try to hide money in a lot of different ways when going through a divorce. Some of them just give money to friends. Others funnel it into a small business that they own. Still others will set money aside in hidden accounts or safe deposit boxes. There are often...
Prevent your family from fighting after your death
When you pass away, there is always a risk that your family could get into arguments or disagree about how to handle your estate. It’s important to take action and to look into ways to prevent arguments or will contests, for example, so your passing can be as peaceful...
When might the legal validity of a will be challenged?
A will is an essential part of any estate plan. With this document, you can detail how your assets are distributed upon your death. You can also nominate legal guardians for your children and much more. As with any legal instrument, a will must hold under legal...
Why do people put off writing their will?
Many people put off writing their will because it’s often believed to only be useful later in life. This misconception has caused trouble for many heirs when their loved ones suddenly face health complications at a young age or are in fatal accidents. But, more...
Can the children decide where to live?
As your divorce gets closer, you know that sharing time with the children is your biggest goal. Your marriage is going to end, but being a parent is still the most important thing to you. Your custody rights are a major focus. What you’re worried about is that your...
Can you put digital collections in your will?
More and more often, people have digital forms of media. They may have invested a significant amount of money in a collection, and it may also have sentimental value to the heirs from times spent enjoying this media together. For instance, your grandparents may have...
How to avoid probate (and why you should)
No one wants to think about their own death, but planning for it is crucial. If you don’t plan, your estate may have to go through probate. This process is often expensive and time-consuming, so it's best to do everything to avoid it. Here are some tips on how to...