Partly. Minnesota law automatically revokes many gifts to a former spouse in your will and many beneficiary designations the moment your divorce is final. However, that does not extend to certain beneficiary designations such as your 401(k), your pension, or employer life insurance. Federal law governs those, and it does not revoke anything. David Egelhoff...
August is Make a Will Month – a reminder to complete one of those tasks that is incredibly important, yet remarkably easy to put off. We understand why. Creating a Will requires us to think about things most of us would rather not spend much time thinking about: our own death, the possibility of incapacity,...
Your estate plan should grow and change as your life does. Sometimes that means small updates. Other times, it means an overhaul. I’ve done two rounds of estate planning myself – each reflecting a different chapter in my life. Round 1: The “Maxed-Out Me” At the time, I was eight months pregnant, parenting a preschooler,...
September always feels like a month of reflection. The long days of summer wind down, children head back to school, and the air begins to carry a hint of fall. Change is everywhere, and with change often comes the reminder that life itself is cyclical. As an estate planning and elder law attorney, September often...
Every August, Minnesotans gather at the State Fair — lovingly called The Great Minnesota Get-Together — for cheese curds, butter sculptures, and memories with family. The Fair is about fun, but it’s also about tradition, planning, and making the most of your time. Estate planning works the same way. With a little preparation, you can...