An essential part of estate planning is designating beneficiaries for your life insurance policy, 401(k), and other financial accounts. A beneficiary is a person who receives someone's assets upon their death.There is no "correct choice" when...
When navigating the intricacies of Medical Assistance, particularly when planning for long-term care, you'll encounter terms that might be unfamiliar yet profoundly influential. One such term is "community spouse." As your local Minnesota elder law...
The holiday season is joyous for many. However, it can be overwhelming if you care for an older adult. People in their senior years often feel isolated from the outside world if they can't participate in certain festivities. Maybe they used to be...
Creating an estate plan feels like something you check off a to-do list. Once the task is complete, you can move on and forget about it. However, that is not the mentality you should take when drafting your final wishes. An estate plan should...
Inheriting an asset can be a mixed blessing. While it might signify a meaningful bequest from a loved one, it also comes with its own tax implications. One of the most significant tax features to understand when inheriting property is the "step-up...
A recent survey counted over 18.2 million American Veterans over age 65. Many of these Veterans include those who served in World War II, the Korean War, the Vietnam War, and the Persian Gulf War. Suppose you are caring for an elderly...
Seniors and their families are left at a disadvantage as the costs of assisted living facilities continue to rise. While it may sometimes seem like there is no relief from these rising care costs, there may be a way for families to get a bit of...
When there's a significant age difference between your children, estate planning can require extra attention to detail. You're not only considering their immediate needs but also forecasting the challenges each child may face at different life...
If you have a child with special needs, you may be tempted to assume that if something happens to you or your partner, your other children will take care of their sibling. However, it's important to take the time now to create a legal plan for...