Many parents may feel that taking steps to protect and provide for their children is an integral aspect of life, and this may be no different for grandparents. Welcoming a grandchild into the world can be a joyous occasion and new grandparents in Minnesota may wish to...
Plan For Your Future, Your Finances And Your Family
Estate Planning
Estate tax and inheritance tax are 2 separate issues
When a person is listed as a beneficiary in someone’s last will and testament, a legal process takes place before the inheritance is distributed. Misperceptions often exist regarding the implications an inheritance might have on a beneficiary’s finances. Two terms,...
Creating an effective strategy to mitigate estate taxes
There are various types of challenges loved ones might face when preparing to manage the affairs of someone close. Individuals in Minnesota who wish to shield the interests of their heirs might have concerns about how to protect against issues such as estate taxes....
Preparing to create an estate plan
Although there might be numerous benefits involved with creating a thorough estate plan, studies indicate that there are many who have yet to initiate this process. Some may be hesitant to create such a strategy due to uncertainty about what the estate planning...
Aretha Franklin estate locked in probate litigation
Music fans in Minnesota and throughout the country remember superstar Aretha Franklin as “The Queen of Soul.” Since her passing in 2018, her sons have been entangled in a legal battle regarding her last will and testament. The issues surrounding Franklin’s estate are...
Understanding one’s options regarding powers of attorney
There could be a multitude of scenarios in life in which individuals encounter a time in which they are not capable of making important financial decisions on their own. Whether due to incapacitation or the onset of a major medical condition, having someone who can...
Including digital assets in estate planning
Creating a strategy to preserve assets and wealth is a goal that many individuals may share, but this can also prove somewhat complex at times. Those who wish to take advantage of the tools available via the estate planning process may find it helpful to consider a...
Evaluating the options for advanced health care planning
Most individuals may have preferences for the type of medical care they would prefer to receive should the time come when they are no longer capable of making similar decisions. However, some might not be aware of the tools available via estate planning that can help...
Achieving peace of mind with estate planning
There might be a multitude of individuals who have yet to create an estate plan due to the notion that this process is mostly beneficial for those with considerable wealth. However, there is more to such a process than financial preparation. Exploring the benefits of...
Knowing when it might be time to update an estate plan
While it can be difficult to predict the types of changes life can bring, finding ways to adapt to change can also be integral to protecting one’s future needs. Those in search of ways to achieve such a goal might benefit from exploring their available options to help...