Incapacity planning is an essential but often overlooked component of comprehensive estate planning. It involves legal arrangements to ensure your wishes are carried out if you become unable to make decisions for yourself. Having such plans in place not only provides peace of mind but also prevents potential legal battles and hardship for your loved…
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What is Incapacity Planning?
Incapacity planning is so important, but, unfortunately, far too few people know what it is all about. The fact is that none of us are immune to debilitating health conditions, unexpected accidents, and more that can render us incapacitated and unable to manage our affairs for ourselves. As our future is uncertain in so many…
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Estate Planning 101: Should You Get A Will or A Trust?
Deciding whether you need a will or a trust can be difficult. Both offer estate planning options, but which is right for you? In this post, I will discuss the benefits of each and help you decide which is best for your needs. The Case for Trusts A Trust Avoids Probate Trusts offer certain benefits…
Continue reading…Estate Planning 101: Why It’s Important For Young Families
Becoming a parent changes everything. Suddenly, your focus shifts from just yourself to the future of your children. But here’s a question many young families in Minnesota overlook: What would happen to your kids and your property if something unexpected were to happen to you? Estate planning might sound like something reserved for older adults…
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The Importance of a Durable Power of Attorney in Incapacity Planning
The fact is that none of us are immune from the possibility of a sudden medical emergency or sustaining a devastating injury in an accident. Such unpredictable events can leave a person incapacitated and unable to manage affairs or make critical medical decisions. The fact that any of us could become incapacitated makes it critical…
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What Is Incapacity Planning?
It may be a scary idea to confront, but the truth remains that not one of us really knows what the future holds. This, of course, can be a source of great anxiety. While the mystery of the future can hold great promise and excitement of the unknown, it can also be overwhelming, to say…
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How Can You Plan for Incapacity?
Have you ever considered what would happen if an illness or accident left you unable to make decisions for yourself? Incapacity isn’t something we like to think about, but it can happen to anyone at any age. Planning for it now ensures that your wishes are respected, your finances stay protected, and the people you…
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Should You Add Someone Else to Your Bank Account?
A Minnesota Estate Planning Lawyer Explains Why This May Not Be Achieve Your Goals I recently met with a client who informed me that her daughter had financial power over her matters. ”You mean she has a power of attorney?” I inquired. She responded that “No. She has signing authority on my accounts.” After several more…
Continue reading…You Need an Estate Plan!
A Minnesota Estate Planning Lawyer Explains Why Everyone Should Get an Estate Plan It is a startling, though not surprising, fact that an overwhelming number of people have absolutely no documents in place to direct where their assets and estate should go upon their death. Why? The reasons have been surveyed by analysts, but in…
Continue reading…Help Your Parents Plan Now
Minnesota Estate Planning Attorney Urges You to Help Your Parents Put a Plan in Place I live the practice of estate planning because I enjoy helping people. All people. I specialize in the “overlooked” because, well, these individuals and families are overlooked by society and need a fierce advocate on their side. Another specialty area that I…
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