[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] The idea of discussing your parent’s finances and estate planning can seem overwhelming and incredibly intimidating. After all, this is oftentimes the type of questions parents ask their children – not the other way around. However, as challenging as it can be to initiate this conversation, it is...
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] 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...
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] 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...
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] 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...
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] With the soaring cost of higher education, and the increased amount of people requiring loans to meet high tuition costs, it is very important to be informed and aware of the stipulations regarding loan repayment. While not many want to think of their mortality, awareness surrounding their student...
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Planning for your child begins early, and carries on throughout their life. For parents of a child with a disability, the degree of planning and preparation needed increases. Creating an estate plan tailored to the needs of your child could not only provide security and peace of mind...
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] So, you’re married! You have found the one you wish to have and to hold, you are freshly relaxed from your honeymoon, and now you’re wondering “What’s next?” Schromen Law, LLC would advise that it is the perfect time to set up an appointment to update or create...
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] It is not uncommon that I meet with a client who does not have life insurance in place, but plans to obtain life insurance “down the road” – whether it be when they are done having children, or feel they are in a better place to budget for...
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Estate planning is crucial to personal financial management, so it is astounding that a majority of Americans do not have an estate plan in place. Why do so many people avoid this important process in planning for their future? The impact of deciding to not create an estate...
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Prenuptial agreements are an important tool for individuals who are entering into a marriage and have assets they want to protect should the marriage end in divorce. With many people entering into marriages later in life, they are oftentimes joining lives when one party, or both, have accumulated...