Despite Pandemic, Many Still Don’t Have an Estate Plan
November 18, 2020
The Covid-19 has produced a rise in estate planning…but not a large enough one. Most Americans still do not have a last will and testament.
Can I Leave My Pet Some of My Estate?
November 3, 2020
In addition to writing wills, Minnesotans are now setting up trusts to care for pets, ranging from dogs and horses to parrots and raccoons.
Should You Include a Letter of Instruction with Your Estate Plan?
October 9, 2020
LOIs may also include whatever you think may help the people you leave behind or who would take over if you are not capable.
Trusts: The Swiss Army Knife of Estate Planning
September 14, 2020
We may think of a spoiled heiress to a large fortune, whose parents were savvy enough to prevent her from having full access to her funds. On the other hand, we could imagine a loved one with special needs, whose needs will be provided for with trust-protected money.
When Exactly Do I Need to Update My Will?
September 3, 2020
It is also important to realize that it isn’t merely “why” you are updating your will, but “when” you are updating that can make all the difference. Acting too late (or too early) may mean your changes are no longer appropriate or even immediately invalidated.
Which Stars Made the Biggest Estate Planning Blunders?
August 27, 2020
The saying goes that anyone who does not learn from mistakes in the past, is doomed to repeat them. In estate planning, if you do not learn from other’s mistakes, you are likely to repeat them.
Can I Add Real Estate Investments in My Will?
August 13, 2020
All real estate investors need to consider what to do with all of their real estate assets when estate planning. After all, the last thing you want is to have your will end up in probate court, where it could be years before your estate settles. With that in mind, here are some options on how to include real estate investments in your will.
Don’t Neglect a Plan for Your Pet During the Pandemic
July 15, 2020
Eighty-five million families in the United States own at least one pet. That’s 68% of the population. How many of those owners have a plan for what would happen to their pet, if they themselves met with a crisis, had a lengthy hospitalization, or died?
Here’s Why You Need an Estate Plan
April 11, 2020
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.