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Blended families include children from a previous marriage of one spouse or both spouses and are increasingly common today. Second marriages that result in such blended families can be a source of great happiness but can also present an estate planning challenge. In a...
If you are a business owner, there will inevitably come a time when you'll have to consider what to do with your business when you are ready to move on. Some options include transferring ownership over to a key employee, selling to a third party, or dissolving the...
The senior year of high school is an exciting time that usually includes preparation for adult life after graduation. Although estate planning probably does not appear on most high school senior's to-do lists since they are young and healthy, executing a Health Care...
Making end-of-life plans may be way down your to-do list. You're young, you're healthy, you're just starting out, you have plenty of time. The last thing you want to think about is your death. Unfortunately, the reality is that accidents happen every day and not...
Are you worried about the cost of assisted living and nursing home care? As the number of aging Minnesotans increases, more people will need long term care due to health issues such as strokes, Alzheimer's Disease or Parkinson's Disease. It is no secret that long term...
The probate for the musician, Prince, is putting Minnesota probates in the news. What is probate and is it really such a terrible thing?Prince's probate is obviously unique. He had a large estate, no will, and no spouse or children. For the average person, a probate...
Summer is here! For many Minnesotans summer means fun in the sun (and sometimes rain) at the family cabin. More than just a place to relax or recreate, the cabin is often also a repository of family tradition and memories. Unfortunately, the cabin can also become a...
You're young, and you know that you likely have a long life ahead of you. The same is true for your spouse. Despite this, you think it's probably a good idea to create an estate plan.What can an estate plan do for you now? It can help you protect your children in the...
What happens to your electronic accounts and digital assets when you die? Or, if you suddenly become incapacitated, who could take care of your online accounts?Most people have, at the very least, one or more email accounts. Many people, however, have a significant...
For some people, the thought of drafting a will may be perceived as an overwhelming task because they may consider the process of cataloging all of their assets and allocating them to specific individuals to be an endless undertaking. As with many other jobs that can...
