How Divorce Affects Your Estate Plan

By |2021-05-14T14:43:22+00:00May 14th, 2021|Uncategorized|

While your divorce is ongoing, make sure to meet your legal obligations to your spouse while exercising as much control over your assets as possible. Financial law is full of provisions designed to protect your property if anything happens to you, which is just as important during a divorce as it is at any other [...]

Settling a Deceased Person’s Debts

By |2021-04-27T14:46:04+00:00April 27th, 2021|Estate Administration|

An Estate is everything someone owns at the time of death. The process of paying bills and distributing what's left is called Probate. The executor (or personal representative) of an Estate uses the deceased person's assets to pay off the Estate's debts. Debts Paid During the Probate Process The executor might write checks from the deceased [...]

Trusts and More: How To Avoid Probate

By |2021-02-01T22:56:12+00:00February 1st, 2021|Estate Planning|

Probate refers to the general administering of a deceased person's will or the estate of a deceased person without a will. The general rule of thumb in Minnesota is that your estate goes through probate if (1) you die with more than $75,000.00 in your name alone; or (2) you die owning any real estate in [...]

How to Leave Your Home to Your Children

By |2021-02-01T22:56:33+00:00January 7th, 2021|Estate Planning|

Homes are one of the greatest and most expensive assets many people have. As a parent, you want your children to have your home after you die, but to ensure that your children are left with your home, there are some important steps that you must take. Your children will only be left with your [...]

Should You Establish Payable-on-Death Accounts?

By |2020-12-23T18:21:56+00:00December 23rd, 2020|Estate Planning|

Introduction to Pay-on-Death Accounts Payable-on-death accounts are a type of bank account that, at the owner's death, passes the money remaining in the account directly to the beneficiaries named by the account owner. They offer an easy way to keep money out of probate. Notify your bank that you would like to add a pay-on-death [...]

Wills & More! for Young Professionals

By |2020-11-25T19:35:06+00:00November 25th, 2020|Uncategorized|

RSVP HERE Do you need an estate plan if you're younger than 50? Absolutely!  Get your questions answered during our complimentary virtual seminar What is an estate plan and who needs one? Hint: you do! What is probate? What happens to your children if something happened to you? PLUS get your specific questions answered during [...]

So You Want to Sell Your Haunted House

By |2020-10-30T14:22:07+00:00October 30th, 2020|Real Estate|

In Minnesota, Sellers of residential homes have to disclose known material facts that could “adversely and significantly” affect the Buyer’s use and enjoyment of the property. This usually means things like hail damage or flooding and can be disclosed via a third-party inspection.  But what if you think Casper the not-so-friendly ghost might affect Buyer’s [...]

How to Own Your Real Estate

By |2020-10-19T16:26:58+00:00October 19th, 2020|Real Estate|

Real estate encompasses not only one’s primary residence but also other real estate such as a vacation home or a rental property. The ideal form of ownership varies depending on the type of real estate you own. Below, we take a look at the different types of real estate and offer advice about the best [...]

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