If you’ve taken the important step of meeting with a Minnesota estate planning attorney you should be congratulated. It’s an important step that far too many people put off. But now that the plan is drafted and formally prepared, you may be wondering who you should tell, if anyone. There are two basic strategies that…
Category: Minnesota Will
Minnesota Estate Planning: What A Will Won’t Do
Minnesota Wills are wonderful things. We’ve discussed before how important it is to create and update a Minnesota will and how a proper estate plan can help to ensure that your wishes are carried out after you’re gone. While the benefits of a will are undeniable, the fact is wills do not do everything. Though a…
What Exactly Is A Codicil And How Does It Work In Minnesota?
Last week I brought you a post concerning making alterations to your estate plan. In that post, codicils to a Minnesota Will were discussed briefly. The following post will go a bit more in-depth on the subject of codicils, explaining what they are, when they can be useful and how you go about creating one….
How To Change A Will In Minnesota
If you are one of the Minnesotans who has taken the time to create a will, congratulations. The vast majority of Minnesotans have no such estate plan and you’ve taken an important step in ensuring your family is looked after once you’re gone. While it’s great that you made the will, after a while…
What’s The Minnesota Probate Process All About?
Many people are confused about the Minnesota probate process and are often intimated before taking the time to fully understand how probate proceedings works. First of all, probate is the name for the legal process whereby an estate disposes of its assets. What does that mean exactly? Well, probate is a term that can be…
The Importance Of A Will In Minnesota
Here’s a disturbing fact: approximately 70% of Americans don’t have a will. A Minnesota will is a relatively simple document to draft so why is it that so many people avoid it? Just a few of the common excuses for not having a will include: I don’t have anything worth leaving to my family; I’ve…
Minnesota Health Care Directives: What are they and how do they work?
First things first, what exactly is a health care directive? In Minnesota, state law (Minnesota Statutes Section 145C.02) says that health care directives are legal documents that exist to let others know about your opinions regarding important health care matters. Health care directives are also important because they are used in much the same way…
Estate Planning in Minnesota | Do you need a Will or a Trust?
Many couples have asked me to do some basic Minnesota estate planning for them. My response is usually, ok, what kind of estate planning do you think you want done? Although I get many answers to that question, there are similarities that arise time-and-again. For instance, today, a client asked me to draft a Will,…