In addition to having a Will drafted, many Minnesota residents ask to have trust accounts created for them due to their frequent estate planning advantages. However, determining which types of trusts will best meet your needs can be a slightly complicated task. Be sure to ask your Minnesota estate planning attorney to look over your…
Tag: Eagan
Gift giving and estate planning in Minnesota
For those who are eager to give away money while they are alive and well, you’ll be happy to hear that new gift tax exemption numbers for 2015 have been released by the federal government. For those eager to receive money, you’ll be thrilled to hear that the limits have gone up to account for…
Revocable Living Trusts and Medical Assistance
When doing a estate planning consult with potential clients, one of the first things that comes to my mind is whether or not there is a medical assistance issue. Will be discussing a trusts and their effect on medical assistance in this article. Medical Assistance in Minnesota We discussed the meanings and definitions of medical assistance…
Estate Planning Advice For Single Parents In Minnesota
Everyone knows how stressful it is to be a parent. What’s even more stressful? Handling all that worry on your own. Single parents have to juggle the responsibilities of caring for young children as well as the added burden of worrying about what will happen to them in the event that you die or become…
The Most Useful Minnesota Estate Planning Documents
When clients request a Will, they’re often surprised to learn that they may need several more documents prepared for them if they’re seeking a comprehensive estate plan. While Wills are often the centerpiece of many people’s estate plans, others prefer to use one or more trust accounts to leave their wealth and belongings to others…
Creating a Valid Living Will in Minnesota
Your general estate plan explains how your wealth and possessions should be distributed when you pass away. However, your living will can prove critical at any moment during your life when you become seriously injured in a traffic accident — or must start receiving potentially toxic or life-threatening treatments for cancer or other serious illnesses….
Happy New Year from Flanders Law Firm LLC
Flanders Law Firm LLC wanted to thank all of its clients and people we have worked with in 2014. We realize that, without our clients and support, we would not be able make it. Thank you very much and please have a safe holiday travel season! I hope all of you are looking forward to…
Minnesota Estate Planning | Tips To Avoid Spinning In Your Grave Like James Brown
Though James Brown is known for hits like “I Feel Good,” the mess that has enveloped his estate would likely not be described in such glowing terms. Since his death nearly eight years ago, the crooner’s estate has been embroiled in a near-constant battle with heirs over the otherwise clear wishes of Brown. The New…
Minnesota Probate Law | Watch out for burglars of your loved one’s home
I wanted to share this tidbit of information from a poster on a popular website regarding burglars, funerals, and Minnesota probate estates. This is an important lesson to keep in mind for heirs, executors, and personal representatives of probate estates: We at the Goodhue County Sheriff’s Office want to remind you to be mindful when posting information…
Minnesota Probate Law | Homestead, Real Estate, and Property
Many people have multiple homes, townhouses, condos, or other land which are referred to under Minnesota law as “real property”. When someone passes-away and the title to the real property or real estate is in their name, a court must appoint a personal representative or executor to administer their loved-one’s estate. Often, the personal representative…