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What Happens If a Beneficiary Dies Before Receiving Their Inheritance in Minnesota?

The death of a beneficiary scenario can arise in settling either a probate estate or a trust administration. The beneficiary’s death affects both the administration of the first decedent’s probate estate or trust and the administration of the beneficiary’s own estate.
Woodbury estate administration helps ensure your property is distributed according to your wishes
A Minneapolis estate planning lawyer can help you secure your wishes in a second marriage

Estate Planning for Second Marriages: Protect Your Loved Ones and Secure Your Legacy

As divorce and second marriages become increasingly common, more people find themselves raising children who are not biologically their own. Estate planning for blended families should address this unique situation.
Risks of DIY Wills with Woodbury estate planning

Hidden Dangers of DIY Wills

DIY wills may seem affordable. However, mistakes in witnessing or unclear instructions can lead to costly probate and disputes, leaving your loved ones burdened.
Talk to your family about your estate plan with a Woodbury estate planning lawyer

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.
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.
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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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