It goes without saying that determination, optimism and confidence are just a few of the traits that have come to define the Baby Boomer generation. Indeed, it's traits like these that have helped many Boomers achieve significant success on both a personal and professional level over the years.
Discussion is ongoing among Minnesota legislators about reducing the amount of estate taxes paid by certain individuals following their death. Certain members of the Minnesota House would like to more than double the amount of money required in the estate before subjecting estate assets to taxation.
Over the last six months, our blog has spent some time discussing simple wills in the hope that it would shed some light on the state laws governing these documents and help drive home the message about just how important basic estate planning is for everyone.
Even though we are now two months into 2015, there are likely many New Year's resolutions that you have yet to fulfill. Perhaps you haven't made it into the gym quite as often as you vowed or gotten around to cleaning up the basement clutter that has become an eyesore
Earlier this month, we discussed how estate planning is not on the agenda of many single parents due to the hectic pace of everyday life, which is typically consumed by trips between work and school, errands and even the occasional crisis.
As a single parent of young children, there's a very good chance that you are constantly on the move, traveling between work and school, juggling your child's recreational activities with errands, and even managing the occasional crisis.
Statistics show that an astounding 64 percent of Americans currently have no estate plan, meaning they have no formalized plans in place for their assets, their health care wishes or even their children should they pass unexpectedly.
A few weeks back, our blog began discussing how Minnesota law permits those who feel very strongly about the type of medical care that should be administered in the event of their mental and/or physical incapacity to execute a legally binding document known as a health care directive.
Under Minnesota law, those who feel very strongly about the type of medical care that should be provided in the event of their mental and/or physical incapacity have the option of executing what is known as a health care directive.
As we've discussed before, many people are reluctant to take the necessary steps to create a proper estate plan not because they are neglectful, but rather because they are reluctant to broach the always difficult topic of death.