What is a Trust? A business entity, such as a corporation or LLC, is a paper person—a “thing” in its own right. In Minnesota, a trust is not. A trust is not a “thing” or a person under the law. A trust is a property relationship involving three roles: settlor, trustee, and b [...]
What Is a Small Estate Affidavit? One of the most common assumptions after someone dies is that their estate will have to be probated with the court. However, only estates where the decedent had more than $75,000.00 worth of assets or owned real property require court involv [...]
Death can be a pretty dreary conversation topic. Most of us don’t like to think about what will happen when we are no longer on this earth, much less plan for it! However, planning can give you peace of mind and ensure that you have relieved your loved ones of the burden of [...]
VA Aid & Attendance Program The Veterans Pension program is often overlooked and underutilized as a financial benefit for qualifying veterans and their surviving spouses who are age 65 or older, or, if under 65, who are permanently and totally disabled due to non-service- [...]
Options for Life Care Plans Designing a life care plan is important to ensure you maintain quality of life as you age. A life care plan helps you and your family navigate how to secure the care you need and plan for how you will finance that care. It also ensures your necess [...]
If you’re a lawyer, yes. If you’re not a lawyer, no. Except when dire emergency prevents the calling of a lawyer, no layperson may draft another’s will. Gardner v. Conway, 48 N.W.2d 788, 797 (Minn. 1951). In Minnesota, drafting a will for another person counts as the unauthor [...]
Potential Changes for Veterans in Minnesota The Minnesota Veterans Home has long been a great option for veterans to receive long-term care in Minnesota. There are five locations in Minnesota where veterans may receive care (Fergus Falls, Hastings, Luverne, Minneapolis, and [...]
Changes to Irrevocable Trusts in Minnesota Minnesota Statute section 501C.1206 states that an irrevocable trust created on or after July 1, 2005, by a Medical Assistance applicant is revocable for the sole purpose of Medical Assistance for Long-Term Care (or Alternative Care) [...]
Each family caregiver’s journey is unique and meaningful. The responsibilities of the family caregivers in our community are crucial to allowing many seniors to age in place despite living with a disability or declining health. When a family caregiver makes well-intentioned, [...]
October is Long-Term Care Planning Month October marks the beginning of Long-Term Care Planning Month. One of the realities of aging is the possibility that we may be diagnosed with a chronic and/or debilitating disease that may limit our independence, ability to experience a [...]
