Tag Archive for health care directive

Estate Planning for Minnesota Newlyweds

Estate PlanLegal paperwork for the newly married shouldn’t stop with the Minnesota marriage license.

An important wedding gift to give yourselves, as newlyweds, is peace of mind that you’ve left your new spouse in the best situation possible should tragedy occur to one of you.

What steps foster that peace of mind? » Read more..

Does Your Estate Plan Need a Tune Up?

Your estate plan — like your car — needs a tune-up occasionally.

If you don’t get that tune-up, either your estate planning goals may not be met, and/or you may be paying hundreds — if not thousands — more for legal services and/or other costs than would have been the case if you had timely asked a lawyer to review your estate plan and suggest necessary adjustments based on current laws and your current goals. » Read more..

Does Your Estate Plan Suit Your Life Stage?

What you need for an estate plan varies with each life stage or milestone. Here are some examples of estate plan considerations for Minnesotans at various ages and life stages/milestones:

Age 18: If you are a young adult you should have a Health Care Directive and Durable Power of Attorney because incapacity can strike at any time. The Health Care Directive will enable your hand-picked agent to make decisions regarding your body, and the Durable Power of Attorney will enable your hand-picked representative to handle your financial affairs. » Read more..

Should I Store My Estate Plan in a Safe Deposit Box?

A safe deposit may work well for storage of your estate plan documents if a second person is also registered with the bank as a joint holder of the box.

Why is a joint registration a good thing? In Minnesota, the joint holder is allowed to gain access to the safe deposit box after your death, and to remove part or all of the contents. » Read more..

Why We Should Talk About Death and Dying

Isn’t it more than a bit illogical that the one thing that we know will happen to each of us – death – is a topic that we understand so little and are ill-prepared to handle?

The more we know about the process of dying and about our loved ones’ wishes for their own deaths, the more comfort we and our loved ones can enjoy. Knowledge leads to less fear and the greater likelihood of a “good death”. » Read more..

Questions to Ask Your Parents

Sometimes it’s hard for family members to get the conversation started regarding estate planning, so try these questions as an aid to this important discussion:

  1. Do you have a Will?
  2. Do you have a Health Care Directive?  » Read more..

Should You Discuss Your Estate Plan With Your Children?

There are pros and cons to whether you do or don’t discuss your estate plan with your children, but in many situations it is better that you do so.

It can be a hard conversation to start.  If you, as parents, initiate the discussion, your children may resist because they don’t want to think about your eventual death. If your children initiate the conversation, you may believe that their primary interest in you is how much they might inherit.

In reality, however, you have a lot more to talk about.  » Read more..

Do Your Kids Know Where Your Assets Are?

For various reasons, you may not want your kids to know your financial affairs and other business while you’re still in control, but the day will come when they’ll need to know.

That day may come because you start showing signs of dementia and need their help, or it may be at your death. » Read more..

Not Married, But Want Your Partner to Inherit?

Not married, but want your partner to inherit?  Then you must have an estate plan or your blood relatives will get everything. » Read more..

The Power Behind a Power of Attorney Document

A Power of Attorney document is a powerful document that should be used carefully and wisely.  It can be a useful tool, or it can be abused. » Read more..