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The Process of Estate Planning: What to Expect

The Process of Estate Planning: What to Expect

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] As an estate planning attorney, I have worked with individuals and couples who put off completing their estate plan out of anxiety regarding the process.  Oftentimes, they anticipate that the process of completing their estate plan will require a lot of paperwork and legwork on their end.  They...

How Do I Know When to Update My Estate Plan?

How Do I Know When to Update My Estate Plan?

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] ­­­­­­­­­­­­It is important to make certain that your estate plan is current and updated.  Very rarely do individuals just have one estate plan throughout their lives.  As things in your life change, sometimes your estate plan must change as well. Wills can be changed by drafting and executing...

Minnesota Cabin Trusts

Minnesota Cabin Trusts

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] There are not many things as Minnesotan as “a weekend up north at the cabin.”  I am originally from Iowa, but shortly after moving to Minnesota in 2006 I learned that Minnesotans live for weekends on “the lake” (whichever one of the 10,000 they have staked a claim...

Scholarship Planning

Scholarship Planning

[column width=”1/1″ last=”true” title=”” title_type=”double” animation=”none” implicit=”true”] Scholarship Planning is a way for individuals to leave a legacy and support deserving students through college or graduate school.  By making a bequest through a will or trust, scholarship sponsors are able to communicate a message about what matters most in their lives, and ensure that his...

No Kids? You Should Still Have an Estate Plan.

No Kids?  You Should Still Have an Estate Plan.

[column width=”1/1″ last=”true” title=”” title_type=”double” animation=”none” implicit=”true”] Significant life events can motivate individuals to start their estate planning.  Oftentimes, it is when people have children that they start taking the steps to get a will, health care directive and power of attorney.  However, having a will is just as important for individuals who do not...

Estate Planning: Plan for Your Pets

Estate Planning: Plan for Your Pets

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Even though pets are legally classified as property, they oftentimes mean much more – they are companions, friends and family.  It is not only important to address assets and beneficiaries in your estate plan, but also to address what will happen to your pets should they outlive you....

Why Should Young People Care About Health Care Directives?

Why Should Young People Care About Health Care Directives?

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] It is a common, and unfortunate, belief that Health Care Directives are only necessary for sick, dying, or senior individuals.  However, young people arguably have more at stake.  Young adults who suffer a serious illness or accident could be kept alive, but in a vegetative or incapacitated state,...

Estate Planning is for ANY Estate!

Estate Planning is for ANY Estate!

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] As I discuss estate planning with numerous individuals throughout the day, it never fails that at least one person comments, “Well, I don’t really need to do that…I’m still building my estate!”  Somewhere along the line, the misconception that estate planning is only for those with vast wealth...

Estate Planning for Blended Families

Estate Planning for Blended Families

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] In this day and age, second marriages are not at all uncommon.  Individuals entering into a second marriage are often doing so a little bit older and (hopefully) a little bit wiser.  Furthermore, each person oftentimes is entering into a second marriages with their own property and assets. ...

Supplemental Needs Trusts

Supplemental Needs Trusts

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Planning for the financial future of a family member or loved one with a disability is an important task that, when done correctly, can provide the support and maintenance needed to ensure that individual lives a full and happy life.  One way to provide such support is through...