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If you are single, your estate planning concerns will typically be different than a married couple’s. But every adult should have at minimum a will that names an executor and a medical power of attorney. Below are some tips for single individuals who are contemplating...
Estate planning is a process that ensures that your assets are properly handled after your passing. This process is often complicated and there are many things you’ll learn along the way. If this is the first time you’re making an estate plan, here are some things you...
There are many things to consider when creating your estate plan, such as executors, advance care directives and trusts. Another essential component is naming a power of attorney (POA). But is having one POA enough? Different POAs for different functions A power of...
Estate planning is a great way to ensure your assets are protected and distributed according to your wishes. When someone passes away without a valid will, their estate must go through probate court before their assets can be distributed. Probate can be an expensive...
Creating a valid will is important in ensuring your property and assets are distributed according to your wishes after you pass away. In Minnesota, creating a will is relatively straightforward, but it's important to follow specific guidelines to ensure that your...
Executors play a crucial role in estate planning, as they ensure your wishes are fulfilled. However, they are responsible for several duties that can be complicated. But you can make your executor's work easier using a few strategies. This guide discusses how to do...
Those involved in dressage, racing and breeding may build their entire livelihoods around the horses that they own. Countless other Americans dedicate a significant portion of their income and free time to the maintenance of their horses. Unlike many other companion...
There are a lot of considerations to make when planning out your estate. For starters, you should have some idea of who will inherit your estate. Likewise, someone will need to stay and watch over your estate to ensure it’s all in proper order once the probate period...
From student loans, to credit card debts, mortgages and car loans, millions of Americans are in some form of debt. Unfortunately, not everyone is able to clear off their debts during their lifetime. In fact, most Americans do not. So what happens to a loved one’s debt...
Management of estate resources is one of the bigger challenges during estate administration. The executor or personal representative of a Minnesota estate will have certain liabilities, including responsibility for debts if they fail to pay creditors when distributing...