Moving from one location to another is frequently stressful, regardless of your age. However, as we grow older, particularly after age 55, moving can cause an even bigger upset. During our later years, major changes often remind us of how little time we may have left in our lives. Moving to an assisted living center…
Author: Flanders Law Firm LLC
Should You Choose Whole Life or Term Life Insurance?
Questions about Life Insurance in Estate Planning? Read on for more information. Now that so many people review their life insurance coverage while creating their estate plans, its doubly important to choose the type of policy best suited to your current needs. Fortunately, there are key facts about these various policies that can help you…
MN Life Insurance Lawyer | Exercise Caution When Including Insurance Policies in Your Estate Plan
As your Minnesota estate planning attorney may tell you, its often wise to leave money to some loved ones by naming them as beneficiaries to your insurance policies. Yet as common a practice as this is many testators make simple mistakes that can prevent their family members or friends from ever receiving the hard-earned money…
Minnesota Will Contests: Most Common Grounds for Contesting a Will
Nearly every family has one or two members who like to argue about nearly everything. This can lead to Minnesota Will Contests. This reality can prove especially annoying when someones Will has just been admitted to probate. While a testator can often prevent this type of problem by including a no contest clause in the…
MN Estate Planning: A Basic Overview of Long-Term Care Insurance
While most of us feel were doing well just keeping up with our life insurance policy premiums, the fact is that once you reach your early 50s, everyone needs to make a decision about possibly buying long term care insurance, too. After all, its been estimated that some 70% of those over age 65 will…
How to Get Letters Testamentary in a Minnesota Probate
Perhaps the number 1 question that the law firm receives is: how to get letters testamentary? The question usually stems from a failed trip or telephone call to the bank. The bank is usually the place where the deceased person kept their money – be it a savings, money market, or checking account. The bank…
How Early Estate Planning Can Help You Meet Your Long-Term Goals
How Early Estate Planning Can Help You Meet Your Long-Term Goals Far too often, many of us fail to create our first Minnesota estate plans until were approaching middle age or have fully passed through those years. Thats unfortunate because every adult needs a Medical Power of Attorney a serious illness can strike at any…
MN Special Estate Planning Needs: Older Single Adults Without Children
Now that most firms have had adequate time to start offering all of their estate planning tools to same-sex married couples after the passage of new laws, its time to revisit the special needs of older single adults many of whom are without children. Recent statistics indicate that 53% of all women and 26% of…
Minnesota Probate | Wills and Trusts
Most of the people that contact our office havequestions about whether a probate is necessary, how much it costs, and what they can do about it. Much of the initial conversation involves a discussion aboutwhether or not the deceased person had a Will or a Trust – or both. Because we have received many questions…
Minnesota Estate Planning: Choosing Charities as Beneficiaries
When drawing up estate plans, most people gather together all documents proving what they own and then make a list of their intended beneficiaries. This list usually includes loved ones and friends although it may also name one or more charities as beneficiaries. While some of us may just give to charities to offset tax…