The internet is a superb self-educator for the layman on a vast array of once-sheltered professional areas of knowledge. For example, a patient in Minnesota or any other state can now research medical databases and become as erudite on a particular disease process as...
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Month: September 2016
Estate planning requires naming a personal representative
The personal representative is the person that one appoints in a will to administer the estate. There are other names that mean the same thing from state to state, but the term personal representative is all inclusive and generally applies in all states. The will is...
Estate planning includes long-term care preparations
Long-term care planning in Minnesota deals with the post-retirement years and the potential need for home care services or residential care in a nursing home or similar institution. The estate planning process should take these concerns into consideration in making a...
Good estate planning program calls for five-year review
In Minnesota, like everywhere else, it is beneficial for people to create a plan for the distribution of their assets to loved ones both during life and after death. For those who do not have an estate plan, it is not too late to consult with an estate planning...
Estate Planning may be used to protect assets from creditors
The general rule in Minnesota is that if a person is not a cosigner or primary account borrower on a credit account or loan, he or she will not be personally responsible if the borrower on the account dies. This means that heirs and executors for a decedent's estate...
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