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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.
Minnetonka Estate Planning is for everyone
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.
Avoid DIY planning and work with a Minneapolis estate planning attorney to receive professional guidance

The Risks of DIY Estate Planning: A Lesson in Avoiding Costly Mistakes

DIY estate planning may seem cost-effective, but it often leads to costly legal battles and confusion for your family. Working with a Minneapolis estate planning attorney ensures your plan is legally sound, protecting your loved ones from expensive probate issues and financial strain.
Minneapolis Estate Planning Attorney

Why You Shouldn’t Name Minors as Pay on Death Beneficiaries

Learn why adding your child or multiple people as a pay on death beneficiary to cash accounts like retirement or life insurance has inherent risks. The article explains how to leave your estate and money to multiple people effectively.
Minneapolis probate attorney

What Are the Steps of Probate in Minnesota?

Probate can be a complex and time-consuming process. Understanding the steps involved—from gathering documents to distributing assets—can help make it smoother. Learn the key role of executors, how probate works, and how to avoid common mistakes when handling a loved one's estate.
Minneapolis estate planning for giving your estate to nieces and nephews.

How to Give Your Estate to Nieces and Nephews: A Guide for Inheritance Planning

Leaving your estate to nieces and nephews requires careful planning to ensure your wishes are honored. Learn how to use tools like revocable living trusts and avoid common pitfalls. Stone Arch Law Office can guide you through the process.
A mother and daughter discussing smart inheritance planning with a Minneapolis estate planning attorney

Smart Inheritance Planning: Setting Up Your Adult Children for Success

When people first receive an inheritance or gift, it's tempting to use the money immediately. Yet, proper estate planning with a qualified attorney is crucial to make the best use of the gift.
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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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