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Minneapolis and Woodbury, MN Estate Planning Lawyers

Minneapolis, MN Estate Planning Blog Articles

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It’s Essential to Talk To Your Family About Your Estate Plan

Having open conversations about money and your estate plan can help your children develop a healthy understanding of financial responsibility and family values. Open discussions also help prevent misunderstandings and disputes over your wishes as well as aligns expectations for inheritances.
Talk to your family about your estate plan with a Woodbury estate planning lawyer
Naming your estate as your IRA beneficiary is a mistake in Minnetonka estate planning

The Costly Mistake of Naming Your Estate as Your IRA Beneficiary

Naming your estate as the beneficiary of your IRA can lead to higher taxes, increased probate costs, and reduced protections for heirs. Discover why this common mistake can complicate your estate and how proper planning ensures your legacy is secure for your loved ones.
Protect digital assets with Bloomington estate planning

Protecting Your Digital Legacy with Estate Planning Strategies

Digital estate planning is crucial to protecting your legacy and ensuring that your loved ones aren’t left with a digital mess.
wills and probate Woodbury estate planning lawyer

Why a Will Alone Won’t Protect Your Estate

Learn the critical reasons why a will alone is insufficient for a comprehensive estate plan, and why incorporating trusts, beneficiary designations and incapacity planning is essential to ensure a seamless and protected transfer of your assets to your loved ones.
Inheritances for children with addiction in Edina estate planning

Estate Planning for a Child with Addiction

Protect your child's future by creating a trust that supports their recovery, while safeguarding their inheritance.
Minnetonka Estate Planning is for everyone

Estate Planning Is for Everyone Over Age 18

Because estate planning is so complex, chances are, you have plenty of questions about it. Attorney Philip Ruce of Stone Arch Law answers all the commonly asked questions on estate planning in his interview with KSTP Minnesota Live.
It's essential to fund a revocable living trust in Minneapolis for it to work

Why Updating Your Revocable Trust Is Essential After a Major Purchase

Your real estate holdings, life insurance, bank accounts and retirement savings won’t magically flow into your trust. After you create a revocable living trust, be sure to talk with a Minneapolis estate planning attorney to update and fund your trust with your new assets.
Testamentary trusts are good for young families seeking Woodbury wills and trusts

What You Need to Know About Testamentary Trusts: Are They Right for Your Estate Plan?

If you are drawing up your will and want to leave money to a minor child, using a testamentary trust is one way to do so. This legal document can also be beneficial in other situations, such as if you want to leave an inheritance to someone but aren’t sure they will use the gift wisely.
Do not leave children an inheritance. Work with a Woodbury estate planning lawyer to create a trust

Why You Shouldn’t Leave Your Adult Children Their Inheritance Directly—Use a Trust Instead

Discover why using a revocable trust, rather than a direct inheritance, can be a smart way to pass on wealth to adult children. A trust provides financial guidance, protects assets from legal issues, and allows you to shape your legacy with lasting impact.
Estate Planning for singles with a Woodbury estate planning lawyer

Estate Planning for Singles: It’s More Important Than You Think

When you’re single and have no children, estate planning looks a lot different than for someone who’s married or has children.
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Do I Really Need a Trust and Estate Planning Lawyer?

Some people don’t think you need an attorney if you want to set up a revocable trust, but the truth is, your trust is one of the most important documents you’ll ever create. Having your revocable trust set up with the assistance of an experienced attorney ensures that it will protect your assets and that your wishes will be honored. Book a call today to get started!

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