Lang Law Office

Estate Planning and Probate, Business Law,
Real Estate and Family Law

Menu

Helping You Navigate Complex
Legal Issues

Helping You Navigate Complex Legal Issues

September 2015 Archives

Gregory A. Lang

Determining trust disbursements to your children

Oftentimes, the clients with whom we work with here at the Lang Law Office have concerns about how their beneficiaries, specifically their children, will handle an inheritance. If you share these same concerns, there are steps that you can take to help manage your children’s inherited assets. The Bureau of Labor Statistics reports that as recently as 2007, more than 21 percent of American households reported receiving some form of general wealth transfer. Thus, this issue of properly handling an inheritance is one that faces more than just your children.

Why would you choose a testamentary over a living trust?

If you are like most in Hennepin, you hear the word “trust” in association with estate planning and likely think of a living trust. However, another lesser known trust also offers a number of unique benefits when it comes to managing your affairs: a testamentary trust. If you are unfamiliar with this type of trust, then you probably also question when and where it might be beneficial to you. The answer depends largely on your level of participation in the estate planning process.

Assisting clients who are facing estate-related challenges

When it comes to estate administration and probate, there are a myriad of challenges that people often face. For someone whose loved one recently passed away in Hennepin, or anywhere else in the state of Minnesota, there are a wide variety of issues they may encounter, such as a will contest, difficulties concerning the distribution of assets or problems with the executor of an estate, to name a few. At the Lang Law Office, we are very familiar with how complicated and stressful daily life can be for people in this position.

What rights do wards have?

Many in Hennepin may have heard some of the horror stories alleging financial abuse and neglect perpetrated against people by public guardians. If you have a family member that has been appointed a public guardian due to his or her impairment or incapacitation, you may wonder what rights he or she retains. In many cases, court-appointed guardians have no relation to their wards, yet are still given direct authority to act on their behalf. This includes decision-making power over their finances, lodging, and healthcare. Yet, even as a ward of the state, your loved one does have rights.

Privacy Policy | Business Development Solutions by FindLaw, a Thomson Reuters business.