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Golden Valley, MN 55422

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Making difficult conversations comfortable, we help our clients understand how their decisions can help their loved ones in the future.

Posts Tagged ' trust'

We are pleased to present below all posts tagged with ' trust'. If you still can't find what you are looking for, try using the search box.

Donating to Charities Through Wills, Charitable Trusts, and Beneficiary Designations

September 5 is International Charity Day. You may have causes or organizations that you care about. As a result, you may want to leave money or other resources toward accomplishing the goals so important to you. It is not enough to verbally tell someone about your wishes. You need to specifically express your wishes through creating and implementing an estate plan.

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Top 4 Reasons Why Single Adults Should Have A Trust

If you become mentally or physically incapacitated, who do you want to manage your assets until you are able to do so yourself? Provisions in a will do not take effect unless you die. A trust, on the other hand, can take effect at any time. It can designate when and under what conditions a trustee can step in to arrange for your care, access your assets to provide that care, and manage your finances through your incapacity. The provisions can save you and your family thousands of dollars as well as avoid court proceedings and a court-appointed guardian.

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College Bound? Don’t Forget to Pack a Power of Attorney

This blog article is for all the young adults leaving for school this fall. Congratulations! It is an exciting time for you! However, there are a couple of things that are likely not on your packing list, but that you should include in your bags before you leave home. Parents, you may want to read this, too!

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New Parents? It’s Time for a Will.

If you are a new parent or an expecting parent, it’s time to create a Will and start working on your estate plan. Having a Will in place can give your children protection should something happen to you and your spouse. Estate planning can ensure that your property and money, and more importantly, your children are taken care of according to your wishes. Even after you are gone, a Will is a way to make sure that your wishes are carried out legally and efficiently, ensuring that your loved ones are provided for with the least of financial responsibility.

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How Often Should I Update My Will or Trust?

Estate planning is one of those tasks that people generally avoid. It takes some mental fortitude to think about and plan for unknown events. Most every  client tell us they feel a sense of relief once their plan is in place. As with anything, the more you do something, the easier it gets. Reviewing and revising your estate plan is important, especially in light of the following events.

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Should You Discuss Your Will Over the Holidays?

Oh, the holidays. As we prepare to get together with family and friends who live near and far, this time of year tends to bring up a lot of questions for everyone. With people being more mobile than ever, these opportunities for familial togetherness can feel few and far between. You may be wondering if you should bring up your estate planning with loved ones this year while you have the chance to speak to the key people in person.

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What is Probate?

You hear legal terms on law shows. You may even hear them in passing conversation but never know for sure what they mean. One of these terms is the word "probate," which you may hear when a loved one passes or from a friend who recently did some estate planning.  

 

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Establishing a Trust for Your Grandchild: Protecting Your Wealth While Benefiting Your Grandchild

If you want your wealth to provide benefit to your family for generations or if you crave the peace of mind that your grandchildren will be financially secure no matter what, you may want to set up a trust. While you can opt to simply leave assets to your grandchildren after your death, a trust offers special benefits, some of which take place in your lifetime and others which can extend through your grandchild's lifetime. Here's a look at the details.

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Got a few things on your shoulders?

"I do everything for everyone, but I don't do anything right" is a complaint I recently heard from a friend in the "Sandwich Generation". 

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