If an individual or a loved one is entering into an end-of-days hospice-type situation, there are actually some actions to take that can help economically and increase everyone's peace of mind. These late estate planning moves are fairly universal and will generally apply in Minnesota as well as elsewhere. First, it is important to make sure that the patient's durable power of attorney has been executed and is operational.
Estate planning complexities require experienced assistance
In Minnesota and elsewhere, many people don't get around to making an estate plan due to their reluctance, or outright fear, in facing the subject of death. When people are in good health and functioning vigorously, many will not allow inconvenient thoughts of death or dying to occupy the mind. The idea of taking the time to engage in estate planning to prepare for the post-death distribution of assets is an equally preposterous concept for many people. In fact, more than half of the population generally does not have an estate plan.
Charitable remainder trusts and charitable lead trusts
Syngenta Litigation: Legal Help for American Corn Growers and Distributors
If you have suffered financial loss due to the recent plunge in corn prices, you are not alone. Tens of thousands of American corn farmers, distributors and others who derive income from corn are feeling the sting of a dramatic devaluation of corn in the international markets.
Key issues in divorce resolution
Divorce laws vary by state. Minnesota is a "no fault" state meaning that there is no requirement to show that a spouse is the reason why a marriage is ending. The divorce laws are complex and an attorney can guide you through the process. Here are some common issues divorcing couples can expect to be addressed.
Tax laws and more longevity make estate planning a vital need
The fact that men and women are living for many years longer than in the past means that Americans as a whole need more financial support than before. This fact raises issues and fears for people living in Minnesota and throughout the country who are not certain whether their funding will hold out. One respected study shows that people are more worried about running out of money than they are about dying. These factors make the need for estate planning even more critical for today's adults who are moving into middle age and the later years approaching retirement.
Minnesota business formation thriving among seniors
Gone are the days of retiring to rocking chairs and crossword puzzles. Baby boomers are becoming the new faces of the business world. Reportedly, of those who continue to work past the age of 65, almost 20 percent of them are self-employed. In Minnesota and across the country, business formation among retirees seems to be growing faster than among any other demographic.
