Safeguarding Your Rights And Future In Legal Storms
Many people don’t realize that even death cannot provide an escape from taxes. In fact, there is a specific tax law in the United States tax code called the Estate Tax. Many people call this the death tax because the tax is triggered when the owner of the estate dies. While many people assume that the estate tax is just…
Choosing someone to be the executor of your will is one of the biggest and most important decisions you’ll make. Whoever is bestowed the responsibility of handling your estate needs to be trustworthy, willing to honor your requests and in good health.Choosing someone to be the executor of your will is one of the biggest and most important decisions you’ll…
You have worked hard your entire life to amass a sizable estate and build a legacy to leave behind for your loved ones. In order to ensure that your family, friends and other loved ones get the maximum benefit of your generosity – and that your wishes regarding bequests, inheritances, charitable giving and the dispensation of your property are followed…
Estate planning is a living process. It is not meant to be addressed once and then shoved in a drawer once the papers are signed. Estate planning is a process that is meant to be revisited as your life evolves. No matter how seemingly straightforward or staggeringly complex your estate may be, it is important to revisit it with the…
A person in Minnesota who dies without an established will may have their estate handled according to the state’s intestacy laws through probate court. This prolonged process can cost a family a large portion of the estate’s value and make the contents of the state public. To minimize losses, some people might create estate plans that specify exactly how their…
Individuals in Minnesota who are estate planning might also need to consider some issues that might stem from their accumulated debts. In some cases, an individual’s estate can be wiped out by debt, and that person’s debts might pass to surviving family members under certain circumstances. Honesty and communication might help a person avoid unnecessary difficulties during the execution of…
Minnesota residents who have not prepared a will are not alone. In fact, about 70 percent of adults in the U.S. have no will. Although some people believe that estate planning is only for the wealthy, the truth is, everyone with a family should think about writing a will. An important time for people to have a will prepared is…