Most of us have the best intentions when making decisions about who will get our property after we’re gone. Developing a comprehensive estate plan usually gives us a sense of accomplishment and peac...
How to Overcome Estate Planning Excuses
They pop up when we least expect it – excuses. We know we need to do something, but put it off day after day. To-do lists get so long we become intimidated, then decide to chuck it all and go fishin...
Beneficiary Deeds: Are They Right for You?
Estate plans are not a one-size-fits-all game. You may need a simple Will for a simple estate. People with more complex estates need an estate plan that covers all the bases. Advanced estate plans may...
What Kind of Wills Are Valid in Minnesota?
Leaving a Will is a person’s way of telling the world how they want their estate assets to be handled. However, signing a Will that does not meet the legal requirements of a valid Will means that yo...
How Spendthrift Provisions Work
A well-written, complete estate plan gives the maker a sense of contentment, peace of mind, and accomplishment. However, while drafting a Will or trust, people may ask themselves some tough questions ...
National Estate Planning Week: Reminder to Review Your Estate Plan
If you don’t remember how long it has been since you last reviewed your estate planning documents, it’s been too long. The National Association of Estate Planners & Councils, a group devoted t...
Do Your College-Bound Kids Need Wills?
Sending your kids off to college is exciting – and somewhat terrifying. Once you get through the hassles of college admission and financial aid, there’s a long list of things to do and supplies to...
Strategies for Reducing Your Estate Tax Burden
All estates face compliance with Internal Revenue Service estate tax regulations. Only 18 states, including Minnesota, still impose estate or inheritance taxes. Although the Minnesota estate tax rate ...
The Ultimate Guide to Estate Planning, Third Edition by Thomas M. Fafinski
The Ultimate Guide to Estate Planning, Third Edition by Thomas M. Fafinski is now Available The third edition of Thomas M. Fafinski’s book The Ultimate Guide to Estate Planning has been released. Th...
What to Look for in an Estate Planning Attorney
Everyone needs an estate plan. As Benjamin Franklin said, “By failing to prepare, you are preparing to fail.” Someone with no Will or with an out-of-date Will needs the services of a qualified est...