A Series I bond is a non-marketable interest-bearing U.S. government savings bond. It's a low-risk investment that earns a variable inflation rate adjusted every May and November and an interest rate fixed for the bond's life. The non-marketable...
When you're working with a Minnesota trust attorney, it's crucial to understand what you can include in your trust document. Let's explore the variety of instructions or restrictions that can make your trust truly yours, ensuring your legacy is...
After you’ve rung in the New Year, it’s time to start getting down to business and thinking about tax season. While it’s not the merriest time of the year, tax season is a great time to review your finances and the changes that may impact how you...
"Should I leave my children's inheritance to charity?" It's a question that many parents grapple with, especially when considering the needs of their children and their personal philanthropic goals. It's not just about the money—it's about the...
Naming a legal beneficiary is necessary for life insurance, annuities, qualified retirement plans, individual retirement accounts, and some bank accounts. Ideally, these assets will be paid directly to whoever you have selected as your beneficiary...
Life insurance is a powerful tool to ensure that your loved ones are taken care of financially after you're gone. But as life evolves, so do our relationships and priorities. A common question we encounter is: "Can I change the beneficiaries on my...
Many people mistakenly believe that without direct heirs—like children or grandchildren—there's no need for estate planning. However, the reality is quite different. Even if you don't have immediate family to inherit your assets, deciding how your...
Typically, adult children have three options when they inherit a house from their parents: they can move in, sell, or rent it out. If you and/or your siblings have recently inherited a house and don’t really know what to do, we’d suggest contacting...
The loss of a loved one is always a challenging time. Amidst the emotional turmoil, there are several practical tasks that must be undertaken. One of the foremost among these is obtaining the deceased's death certificate. Why Do You Need a...