Estates & Trusts

What is a Medical Power of Attorney, an Advanced Healthcare Directive, a Living Will and Do I Need Any or All of Them?

February 1, 2017

What is a Medical Power of Attorney?  In a Medical Power of Attorney, you appoint someone you trust to be your healthcare agent to make any necessary healthcare decisions for you should you not be able to make those decisions. What exactly does my healthcare agent do? Your healthcare agent should be aware of and […]

Agent vs. Guardian – What is the Difference?

December 29, 2016

In a document called a Durable General Power of Attorney (“Power of Attorney”), an individual (the “Principal”) designates a person (the “Agent”) to act on the Principal’s behalf and to manage the Principal’s financial matters in accordance with the provisions of the Power of Attorney.  This Agent’s authority is immediately effective unless there are provisions […]

What is a Trust Protector?

December 22, 2016

President-elect Donald J. Trump is scheduled to take office on January 20, 2017.  One Trump campaign proposal has been to eliminate the current estate and gift tax system and to replace it with a to-be-determined capital gains tax arrangement. At this time, nobody knows exactly what will happen to the current tax system. We frequently […]

Getting Prepared for Life’s Uncertainties

December 7, 2016

Although the presidential election may have left you feeling uncertain about the future of the country, it is important to periodically assess your own state of affairs to reduce the uncertainties your own family may one day face.  Taking steps to organize information now can help reduce the confusion for your family during a time […]

Lessons Can Be Learned From Prince’s Estate

July 18, 2016

The musician Prince died on April 27th without a will. Prince’s estate has been estimated to be worth at least $300 million.  When a person dies without a will (known as “intestate”), state law governs who inherits that person’s assets.  Prince died as  a resident of Minnesota, so Minnesota intestate law will control how his […]

Probating a Will

July 5, 2016

“Probate” is the legal process by which the validity of a will is established. This procedure is done at the county level and involves presenting the will, along with the testimony of two witnesses (whether in the notarized document, sworn affidavit, or in person) to the clerk.  As  long as there are no irregularities and […]

Where There’s a Will, There’s a Way

May 10, 2016

On April 21, 2016, we learned of the untimely death of Prince Rogers Nelson, the iconic musician, instrumentalist and artist popularly known as “Prince.” What we have since learned, to everyone’s surprise, is that Prince, who had a team of advisors, including entertainment and intellectual property lawyers, died without a Will. Unfortunately, the consequence is […]

What is a Power of Attorney? And Do I Need One?

April 18, 2016

What is a Power of Attorney?  A Power of Attorney is a legal document by which you give someone else the legal capacity to do things for you, in your name, as if you were doing them yourself. The person who gives the power is called the “principal.” The person who gets the power is […]

Featured Posts

Subscribe

Practice Area Topics

Search