My Notary is RULONA 🍋and they live on the Second Floor
RULONA is a fancy acronym sweeping through Minnesota. The laws for notaries will be changing. RULONA stands for the Revised Uniform Law on Notarial Acts and [Read More]
Category: Estate Planning
Estate planning in Minnesota is unique to every person and family.
To make matters more interesting, estate planning laws and rules are different in Minnesota versus other placees.
From the perspective of an estate attorney, the idea behind the following articles is to share stories and inspire conversation.
Thus, thank you for reading and please share this information with others.
Estate Planning Goal
I believe everybody has a basic need for a plan. Having a plan alleviates problems, stress, and hopefully conflict.
Estate Planning: A Simple Plan
For those wishing to keep things simple, a simple estate plan usually includes a last will and testament, revocable trust, durable power of attorney, a power of attorney, and a health care directive (sometimes called a living will).
Other times, folks are looking to keep up-to-date with their plan or incorporate an addendum, amendmet or codicil. The idea beind this process is to make a change to a plan already in place.
More Complicated Estate Plans
Sometimes, plans and family dynamics makes things more complicated. Not to worry, these issues can be handled with preparation and planning too.
For example, the process of funding a trust, transfering property, incorporating a trust for a family cabin or business, and related issues to reduce the risk of probate.
Additionally, you will find postings about inheritance taxes, IRA transfers, gifting, and transfer on death deeds.
Estate Planning Turned Probate
When we die, the process turns from estate planning to estate administration.
Here, you will find other postings about formal probate, informal probate, and trust administration.
Other posts will address a review of Minnesota estate statutes, guardianships, end of life issues, and related matters.
Please Share with Others
So you know, I am very grateful to those offering comments and sharing these posts with other people.
Otherwise, if you or a family member needs help with an issue in Minnesota, please contact this law office for one-on-one attention.
Is September 🎒🚌 really the Best Time to Update Your Estate?
Should you update your estate? Making an update to your estate probably ranks lower than buying backpacks and looking up your child’s school bus route, [Read More]
Taxes 💰on Your IRA and A Hot Summer 🔆Day
Thinking about taxes on a sunny summer day? Me too! In fact, I wish more people were as proactive as yourself. Today, my goal is [Read More]
Hennepin County Transfer on Death Form and Photos from My Visit
I am not sure if you will find this interesting, but earlier today, I visited the Recorder’s Office in Hennepin County and recorded a Transfer [Read More]
Your Half Sibling Might Inherit More Than You Bargained For
A Half sibling in Minnesota can inherit just as much as your full or whole blooded sibling. Surprising, right? For some, yes. For others, like [Read More]
A Mean Obituary Hurts Everybody and Accomplishes Nothing
Did you see the mean obituary floating around on the internet from a Minnesota family? Until now, I had not seen anything like it. At [Read More]
Thank You Bloomington Community Education
To those who attended my Estate Planning class through Bloomington Community Ed, thank you! As I referenced during our class, you can find free estate planning [Read More]
Problems With Estates: Truths vs. Preventing a Hot Mess
Problems with estates vary from garden variety to huge conflicts. Even for a perfectly planned estate, a problem can arise. In my experience, an estate [Read More]