Rochester residents are encouraged to exercise extreme caution when choosing whom to involve in their estate planning. While most may want to assume that their friends and family will always act in their best interests, handing over authority such as power of attorney to the wrong person could have disastrous consequences to both a settlor and his or her estate. Even associating with the wrong types could open the door for cases of abuse and/or fraud. The hope is that those involved in them recognize a perpetrator's actions and are able to hold him or her solely responsible.
Why should I avoid DIY estate planning?
It seems like everyone is so busy in Minnesota that they do not have the time to prepare for the future. No matter how much you have going on, you should not overlook the importance of getting your estate planning out of the way. It may seem convenient for you to use online will and trust creation services to make plans to settle your final affairs. However, these services are geared towards individuals who have little to no assets and simple situations.
Do I need licenses or permits to start my business in Minnesota?
Depending on the type of business you plan to have in Minnesota, there may be many licenses and permits needed before you can open your doors. Applying for these may seem like a waste of time and money, but you should not take this process lightly.
Equifax Cyber Breach
You have likely read news reports about theft of 143 million records from Equifax in a cyber attack. The records maintained by Equifax , a credit bureau, includes personal and confidential information such as social security numbers, full names, addresses, dates of birth, driver's license numbers, and credit card numbers. There is a good chance information about you is now for sale or has been sold to criminals.
The positive side of bankruptcy
You've heard all your life about the negative sides of bankruptcy. People try to scare you out of it, acting like you'll never get a loan again. Or they try to shame you out of it, saying you have an obligation to pay those debts and doing anything else is wrong.
Family disputes over estate matters
If you are creating an estate plan, you probably hope that your plan will make things easier for your loved ones in the future. Whether you move forward with a trust or a will, you probably expect your assets to be protected and distributed fairly, in a way that minimizes conflict within your family. Unfortunately, our law firm knows that family disputes can arise over estate matters for a variety of reasons. If you have found yourself in the middle of a dispute, whether you are an executor, beneficiary, or are affected in some other way, it is pivotal to go over your rights and the relevant laws in Minnesota.
