Safeguarding Your Rights And Future In Legal Storms
As Hennepin residents begin to plan the process of transitioning their assets to their heirs or beneficiaries, concerns may arise over how those assets will be handled once they are distributed. The hope is that beneficiaries will have the skills necessary to manage their bequeathed assets wisely. However, that is not always the case. Fortunately, trust grantors can maintain some…
We here at the Lang Law Office often work with couples in Hennepin looking to set up joint trusts to help manage their assets and prepare for the transition of those assets to their children. If you have set up such an account with your spouse, you may believe that you will never have to amend it. Yet what if…
For many in Hennepin, the thought of having their decision-making privileges given to another without their consent may provoke fear and anger. However, that is exactly what they may face if they are determined to be incapacitated. Adult guardianship cases are not all that uncommon in the U.S.; while information collected by the National Center for State Courts puts the number of…
The circumstances surrounding one’s life in Hennepin can change from year-to-year, month-to-month, and even day-to-day. The tricky thing that he or she must remember to do is amend his or her estate planning documents along with those changes. Oftentimes, they reflect the end of a relationship between two people. Depending on how things end, one side may want to rethink…
Just how much do you value your privacy? If you are like most in Hennepin and throughout the rest of the U.S., then the answer to that question is very much so. In fact, a study conducted by the Pew Research Center whose results were shared by the Electronic Privacy Information Center showed that 74 percent of Americans believe that…
For many in Hennepin, the common school of thought is that estate planning begins and ends with determining who assets are dispersed to upon one’s death. However, another critical component to such planning is determining how he or she will be cared for prior to death. According to the website LongTermCare.gov, 70 percent of Americans over the age of 65…
One of the chief concerns of most of the clients in Hennepin with whom we work here at the Lang Law Office is who will take care of their kids should they die. As a parent, you likely share this same concern. Your desires are no doubt to have the best interest of your child served. You may want to…
Planning out who in Hennepin will receive the assets from your estate and how they will receive them is a privilege that you have worked you entire life to enjoy. However, what if you fear that one of your heirs or beneficiaries will challenge the terms of your will? Should you attempt to include some sort of provision which would discourage…
Hennepin residents may often hear the world “trust” used in association with estate planning. While most likely have a general idea of what a trust is, they may lack an in-depth understanding of its purposes. This lack of knowledge is no doubt compounded by the many different types of trusts out there. Yet before one attempts to discern the differences…
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…