When a loved one dies, there is a flood of emotions as well as the realization that many things need to be done to distribute any assets left behind. If the family member left a will with specific instructions on how he/she wanted assets transferred and there is enough in the estate to cover all debts, then a probate may not be needed. However, in many cases, there are questions, concerns or issues that prompts the family to seek legal advice. Read Full Post
The idea of sitting down to plan ahead about how your estate will be managed in the event of critical illness or death is not something at the top of anyone’s list to discuss. However, it is a very important step and one that is often not nearly as costly, difficult, or complicated as you might expect. Partnering with an experienced estate planning lawyer can make the process transparent and seamless and will give you peace of mind… Read Full Post
No one looks forward to nursing home planning for a loved one or themselves. Many individuals do not want to face the realization that they need continuous care and assistance, while others do not want to commit to the price tag that comes with living in a nursing home. No matter how much hesitation occurs, a nursing home is a great option for elderly individuals that are at the point in life where full time care is needed. Read Full Post
No one likes talking about death. The emotions that one experiences when a loved one passes away can often times be overwhelming. As hard as talking about death can be, it is important that some plans are in place for individuals. Through Estate Planning, families are able to arrange how an individual would like their assets to be divided amongst their family. Read Full Post
Minnesota has an aging population with approximately 10,000 retiring every day. The number of persons age 65+ is expected to surpass that of the 5-17 year old population by the year 2020. With these statistics in mind more Minnesota residents are turning to Estate Planning to protect their assets and intended beneficiaries.
Read More →
A Living Trust is a vehicle that can be very useful in certain estate planning situations. The trust is created and functions while the individual is living. A Testamentary Trust is created after your death. An experienced Minnesota Estate Planning Lawyer can help you to determine if a Revocable Living Trust is right for your individual situation. For many Minnesotans, a living trust can help to avoid probate or reduce estate taxes. Kallemeyn & Kallemeyn have expertise in the benefits and possible drawbacks with establishing a Revocable Trust. Read More →
