Creating a will might not seem like a priority, but it is essential for individuals who want to protect their loved ones and ensure their final wishes are honored. Below are several reasons why having a will in Minnesota can make all the difference. 1. Ensure your...
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Do I really need an estate plan in my 20s?
Estate planning might seem like something you don't need to worry about until later in life, but getting started in your 20s can provide significant benefits. Here are some key reasons to consider creating an estate plan at this stage. Protecting your assets Even if...
Does the estate executor have to pay debts?
An estate executor has a variety of jobs when someone passes away. Hopefully, that person has written an estate plan, and it is the executor’s job to carry out the plan. This includes tasks like reading the will, mailing copies of the will to beneficiaries,...
Tips to protect yourself from personal liability as an executor
If you have been named or appointed as an executor of an estate, you will be tasked with ensuring the estate is settled according to the deceased’s wishes. It is a significant responsibility that requires a careful approach to avoid exposing yourself to legal and...
How your digital assets can be included in your estate plan
The world is steadily advancing in terms of digital technology, and almost every one of us has a digital footprint. When it is time to plan your estate, how you handle your digital presence determines the ease with which your heirs can access and manage your online...
3 reasons to use a POD account
When it comes to estate planning, people often use a will to transfer assets. Some people will also put their assets into a trust, which can then distribute those assets to the beneficiaries. Still others will give gifts while they’re alive, perhaps seeking to reduce...
Estate planning: Exploring the common myths
One misconception about estate planning is that the process is only for people who have a large amount of wealth. However, anyone can benefit from an estate plan. Even if a person has very little assets, they could create an estate plan for health care decisions and...
4 events that require you to update your estate plan
Making an estate plan may seem daunting. Yet, once you start you’ll probably find it is far less so than you imagined – especially if you get appropriate legal guidance. Once you have the initial plan, it becomes relatively simple to keep it up to date, which you must...