I wrote the book on Minnesota probate.
No one likes to think about having to enter a nursing home. The idea can seem especially unfathomable when you are in good health, no matter your age. However, the odds that you will never have to go into a nursing home are not something you want to gamble with....
Planning for your child’s future can be stressful, but that stress further compounds when your child has special needs. The designation of special needs encompasses a broad spectrum of cognitive disabilities and when children near legal adulthood it can be...
Understanding the probate process and what assets it involves will be part of the discussion when you meet with an attorney to prepare your will. For example, if you want to know whether your collection of vintage dolls will be subject to probate, the short answer is...
During his lifetime, the late and great Prince of Minnesota had amassed what many expect to be a very significant estate. According to Forbes.com, estimates suggest Prince's net worth is over $300 million. Prince smartly took measures protecting his ownership rights...
When Mom or Dad is in failing health, the adult children may think it is a good idea to put one or more of them on the parent's account and make it a joint account. The idea is that the child can deposit the parent's income, pay their bills and divide up the account...
Estate planning is sometimes a difficult topic to think about. It makes us not only take an inventory of the fruits of our life's labors, but to also consider our own mortality. In conjunction with the asset protection and inheritance aspects of testamentary planning,...
If you are getting a divorce from your spouse, you have a lot of planning to do. You will need to name your own beneficiaries, organize your divided assets, and set up your individual property. It is vital that you meet with a qualified attorney to discuss the...
Estate planning is an arduous task for anyone, celebrities included. As a society, celebrities are held to a much higher standard. They have substantial incomes and lead extravagant lifestyles that most people could only dream of. So it's only natural to assume their...
If you choose your spouse as beneficiary and later get divorced, could he or she receive the proceeds from your life insurance policy? "Yes" said the U.S. Court of Appeals recently in a case involving a Minnesota insurance policy. Mark Sveen bought a life insurance...
When a Loved One has died, family members often are absorbed by grief and don't want to think about dealing with the real estate, bank accounts and other assets of the deceased Loved One. A century ago that might be a perfectly good course. Today, that could be a bad...