The manner in which you own shared property in Minnesota may impact your estate planning goals. It is important to know how your shared property is owned, and what that means in terms of what will happen with your interest should you die. Two common ways to own property in Minnesota are: 1) as “joint…
More often than not, we discuss retirement as a time of relaxation and enjoying the fruits of our labor. We work towards these “Golden Years” and count down the days until we can retire. However, for many individuals, retirement brings unanticipated challenges and emotions. Most everyone prepares for retirement financially – but they do not…
With more transactions taking place, and accounts being managed, online – it has become increasingly important for individuals to do at least some element of digital asset planning as part of their estate plan. Perhaps the most basic level of this type of planning includes having a plan in place for how to communicate what…
Bringing up the topic of estate planning with parents is something that many people avoid. It is an awkward, seemingly morbid, conversation to start with aging parents. You may fear your parents will feel you are invading their privacy, or assessing your inheritance prematurely. However, it is an incredibly important and necessary conversation to start. “Hey,…
On occasion, Schromen Law, LLC features guest bloggers to write on outside topics. In my practice, I am fortunate to represent many parents, including many expecting and new Moms. Norah Hibbits, owner of Baby Boot Camp, works with new and expecting Moms get out and get active post-baby. Much like Schromen Law, LLC, Norah supports…
