In my regularly updated blog, I discuss topics such as why everyone needs an estate plan regardless of income, what happens when someone passes away without a plan in place, what common mistakes people make, and why your plan should be updated regularly. Review these posts to familiarize yourself with the basics of estate planning, then contact me to schedule a complimentary Legal Strategy Session.
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Supplemental v. Special Needs Trust in Minnesota - What's the Difference?Although you may have heard both terms used, you may be surprised at the difference between the two.
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What's the Difference Between a Trustee and Personal Representative in Minnesota?The person appointed to divide up your estate in Minnesota is called a personal representative. It's a different "role" than a trustee.
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How to Plan for Cryptocurrency in Your Estate PlanIf you own cryptocurrency of any type, you want to make sure you've got the right provisions in place for your will and estate plan.
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What is a Third-Party Special Needs Trust?There are three main types of special needs trusts and the third-party special needs trust is the most commonly used type.
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First-Party Special Needs Trusts in MinnesotaThere are three main types of special needs trusts and a "First-Party" is commonly considered by parents creating a plan for their children.
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What is a Pooled Trust in Minnesota?Pooled trusts are another tool you can use for your Minnesota special needs planning.
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What Expenses Can a Special Needs Trust Pay For?A special needs trust needs to be clear about what it is paying for so that your child doesn't lose their government benefits.
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What are Special Needs Trusts?If you have a child with special needs, a special needs trust (SNT) is the primary document in your estate plan for their inheritance.
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Should You Talk to Your Family About Your Will?Although it's not required, it's a good idea to talk to your family about your estate plan documents so they know where they are and what they say.
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What are Testamentary Trusts?Some clients think a "trust" is a very complex document that is beyond their needs, but in those cases, a testamentary trust can be what they actually need.
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What is Simultaneous Death in an Estate Plan?If you and your spouse were to die at the same time (a simultaneous death), you may not like what happens to your estate if you don't have a will.
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What Does an Executor of an Estate Do?If you've been named as the executor (or personal representative) of someone's estate, your first question is probably "What do I do next?"