One important thing that you should do if you are appointed executor of a deceased person’s probate estate, or if you are the successor trustee of a trust, is to ask the post office to forward the deceased person’s mail to your home address. Regrettably, along with important pieces of mail like account statements, bills,…

With the end of the school year just around the corner for high-school seniors in Burnsville, Eagan, Apple Valley, Prior Lake and Savage, many parents of graduating seniors will be thinking about preparing their children for their first year of college. Parents of some students will be faced with the reality of their children moving…

Like any other area of the law, estate planning has its share of myths and misconceptions. Understanding these five estate planning myths will have you on the road to creating and maintaining a plan that will work the way you expect it to work when it’s needed. As always, feel free to call our office…

THERE ARE TWO TRIGGERS FOR PROBATE IN MINNESOTA. FIRST TRIGGER FOR PROBATE IN MINNESOTA The first trigger for probate in Minnesota is when you die with real estate in your name alone. For example, most married couples own their home jointly – as joint tenants with rights of survivorship. If you own real estate jointly…

Having a complete estate plan that protects and provides for your loved ones is not only wise, it’s essential. Without an estate plan in place, your family or friends may not receive what you want them to receive. It is also just as important to remember toupdate your estate planning documents whenever something changes which would…

If you have a revocable living trust, you likely named yourself (and your spouse, if you have one) as trustee so you can continue to manage your own financial affairs. Eventually, however, someone will need to step in for you when you are no longer able to act due to incapacity or after your death….

Money may be the most commonly discussed type of wealth contained within a person’s estate, but the riches of their experience and wisdom can mean even more to family members down the line. Reinforcement of family traditions can be built into an estate plan alongside your wishes regarding your money, property, and personal items. After…

Substance addiction is not uncommon in the United States, impacting as many as one in seven Americans. Because of its regularity, navigating a loved one’s addiction is actually a relatively common occurrence in everyday life. However, a loved one’s addiction or substance abuse problem should be considered when working on your estate planning. Whether the addiction…

Many of us work all of our lives to build up our assets so that our family will be comfortable when we pass on. There are few things more fulfilling than the thought of sharing wealth and legacy with our family. It is impossible to plan for every eventuality, but careful planning can guard against…

In a society flooded by paperwork, the question of how long to hold on to important documents has been puzzling for most people. We especially worry about documents of a financial or personally identifying nature. Worrying about losing something important sometimes leads us to hoard everything; conversely, those who worry about things like identity theft…

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