Trust Backup Planning
Backup planning for a trust or estate plan starts with addressing bad day scenarios. Selecting an alternate trustee is not good enough when
IAJ LAW, LLC
Serving Estates, Workers, and Veterans
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IAJ LAW, LLC
Serving Estates, Workers, and Veterans
Tag Revocable Trusts
Revocable trusts in Minnesota is a specific legal document. This type of document helps families to transfer assets before and after death without the assistance of a courtroom.
As an estate planning attorney, my goal is to educate and inspire a conversation with people and families needing help with a document of this nature.
Revocable Trusts: Minnesota’s Basics
A trust is a contract with ourselves. When we get sick, ill or are unable to make choices using our free will, a trustee can step in on our behalf.
A revocable trust is one of the most significant legal documents a person can create on behalf of themselves and their families. Unfortunately, people wait way too long to make decisions.
The postings and articles below address trusts of all kinds, including revocable trusts.
For those interested in meeting me one-on-one, I think my community education courses are fantastic.
Thus, I hope you find value in the following articles and posts. Then, reach out for assistance with your matter.
Trust Types and Trust Goals Are Not The Same
Trust types are as endless as paint colors. You never know until it dries. For this reason, starting with a trust goal is more significant because
Living Trust: My 1⃣ Sentence Definition
A living trust in Minnesota is as simple as creating a piece of paper that outlines transfer rules and beneficiaries. The trustee of a living trust has the
4 Big Risks Before Transfering a House Into a Trust
Transfering a house into a revocable trust in Minnesota calls for a review of 4 or 5 big issues. This includes deed review, mortgage documents and
Trust Drafting Is Easier Than You Think, And Sometimes Not
Trust drafting is as complicated as one’s family dynamic. Whether you consider yourself smart, educated, uneducated, white collar, blue collar, a single parent, prudent or some other label, please avoid the temptation. What temptation? The temptation of drafting your own…
Estate Documents Ranked
In one of my recent community education classes, I was asked to rank my favorite estate documents. Thus, here we go… Really though, I think the issue was more about money than actual estate documents. In other words, if I…
Should We Avoid Minnesota’s Oral Trust Agreement Laws?
Just because Minnesota has an oral trust agreement law, doesn’t mean we should rely on it in a time of need. None the less, the MN law that allows a verbal trust agreement in certain situations might come in handy…
Grandma’s Revocable Trust Before She Went Into a Nursing Home
When I think about Grandma’s revocable trust, I think about her independence. Wow, she is unbelievably strong and mentally sharp. Like you, I love my grandmother. Unfortunately, I know there will be a day, when she will need help from…
IRA Rollover Into a Trust Can Be a Huge Mistake
The rules for an IRA rollover change on an annual basis. Because an IRA cannot be owned by a trust outright, this post is about identifying a spouse as a beneficiary of an IRA and thinking through who or what…
Easy Transitions are the Main Idea
Easy transitions are the goals for a revocable trust. In other words, what can we do to help our family make quick and easy decisions without requiring a judge.