Many estate plans today contain trusts that will continue on for the benefit of a spouse’s lifetime and then will continue on for the benefit of several generations.  Because these trusts are designed to span several decades, it is important for the grantor (trust creator) to consider including “powers of appointment” in the trust to…

In the United States, approximately seventeen percent (17%) of people remarry after the first marriage ends. Somewhat surprisingly, the remarriage rate has dropped for each age group with the exception of the 55-and-older group (57% in 2013 versus 42% in 1960). If you remarry, there is a significant risk that your assets do not end…

Sonny Bono, the singer, songwriter, restauranteur, former Mayor of Palm Springs, and former Congressman, died in a tragic ski accident in Nevada in 1998 at the age of 62. His net worth was just under $2 million at the time of his death, yet Bono did not have a will. Apparently, he meant to have…

With all the information out there regarding wills, trusts, estate planning, and probate, how can you figure out what is right for you and your family? Here is a quick way to get you started with analyzing whether you need a will or trust in Minnesota. You want to avoid probate. Probate has a bad…

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