Estate Planning Blog

Revocable, Irrevocable, Testamentary: Which Trust Do You Actually Need? Revocable, Irrevocable, Testamentary: Which Trust Do You Actually Need? When families ask whether they need a trust, they're usually asking the wrong question. The better question is: what kind of...

Why Putting Assets In Your Child's Name Often Backfires In Minnesota Why Putting Assets In Your Child's Name Often Backfires In Minnesota It sounds like a smart shortcut: add your child's name to your bank account or property to make things easier if something...

How Minnesota Families Can Prevent Estate Disputes Before They Start How Minnesota Families Can Prevent Estate Disputes Before They Start When a family ends up in conflict over an estate, it's rarely because they didn't love each other. It's almost always because the...

When Probate Gets Complicated By Belongings: What Minnesota Families Need To Know When Probate Gets Complicated By Belongings: What Minnesota Families Need To Know When most people think about probate complications, they think about large estates or family disputes...

Estate Planning For Blended Families In Minnesota: What You Need To Know Estate Planning For Blended Families In Minnesota: What You Need To Know When families blend, estate planning becomes more layered, and more important. You want to protect your spouse, and you...

5 Hidden Mistakes DIY Wills Leave Behind For Minnesota Families 5 Hidden Mistakes DIY Wills Leave Behind For Minnesota Families Many Minnesota families print an online will, sign it, and feel like their planning is done. In most cases, it isn't. Do-it-yourself...

What Should And Shouldn't Go Into Your Living Trust In Minnesota What Should And Shouldn't Go Into Your Living Trust In Minnesota If you have a living trust, you've likely heard the advice: "put everything in it." But that's not quite right. Placing the wrong assets...

Revocable Living Trust Mistakes Minnesota Families Must Avoid Revocable Living Trust Mistakes Minnesota Families Must Avoid Many Minnesota families create a revocable living trust, file it away, and assume the hard work is done. It isn't. A trust that isn't properly...

What Happens If You Die Without An Estate Plan In Minnesota? What Happens If You Die Without An Estate Plan In Minnesota? Many people assume their assets will simply go to their family if something happens to them. However, what happens if you die without an estate...

Wills vs Trusts In Minnesota: What’s The Difference? Wills vs Trusts In Minnesota: What’s The Difference? When planning your estate, one of the most common questions is whether you need a will or a trust. The topic of wills vs trusts in Minnesota can feel confusing,...

How To Manage A Trust Fund: Trustee Responsibilities Explained How To Manage A Trust Fund: Trustee Responsibilities Explained Being named as a trustee comes with important responsibilities. Many people are honored to serve in this role, but are unsure what it actually...

Why Some Trusts May Not Keep Up With a Doctor's Growing Wealth Why Some Trusts May Not Keep Up With a Doctor's Growing Wealth Many doctors have a trust in place and assume their estate planning is complete. They signed the documents, established a plan, and took an...

Common Estate Planning Mistakes Doctors Make in Minnesota Common Estate Planning Mistakes Doctors Make in Minnesota Many doctors understand the importance of estate planning and take proactive steps to protect their families. They create wills, establish trusts, and...

Why Beneficiary Designations Matter More Than Many Doctors Realize Why Beneficiary Designations Matter More Than Many Doctors Realize Many physicians assume their estate plan controls how their assets will be distributed after death. They have a will, perhaps a trust,...

Why Doctors Should Pay Attention to Estate Tax Planning Why Doctors Should Pay Attention to Estate Tax Planning Many physicians spend decades building wealth through hard work, disciplined saving, and thoughtful investing. A successful medical career often leads to...

Why Some Doctors Still Go Through Probate Despite Having an Estate Plan Why Some Doctors Still Go Through Probate Despite Having an Estate Plan Many physicians assume that once they have completed an estate plan, their family will avoid probate. After all, they have...

Why Long-Term Planning Matters for Families With a Child With Special Needs Why Long-Term Planning Matters for Families With a Child With Special Needs Many Minnesota families spend years building a stable and supportive environment for a child with special needs....

Why Beneficiary Designations Matter When Planning for a Child With Disabilities Why Beneficiary Designations Matter When Planning for a Child With Disabilities Many Minnesota families take thoughtful steps to provide for a child with disabilities. They save money,...

Choosing the Right Trustee for a Supplemental Needs Trust in Minnesota Choosing the Right Trustee for a Supplemental Needs Trust in Minnesota When parents create a supplemental needs trust for a child or loved one with disabilities, much of the focus is placed on the...

Why Equal Inheritances May Not Be Fair for a Child With Disabilities Why Equal Inheritances May Not Be Fair for a Child With Disabilities Most parents want to treat their children equally when creating an estate plan. It is a natural goal and one that reflects a...