Inflation is the decline of purchasing power of currency and the general increase in prices of goods and services over time. This means that a unit of currency buys less today than it did in years past. Over the last few years, the inflation rate has...
It is a joyful moment in a parent's life when their child turns 18; they graduate high school, go off to college, and make plans for their future. It is also a time to consider the legal aspects of parenting an adult child.
What happens when your child turns...
Certain life events are crucial triggers for contacting a Minnesota estate planning attorney to create or update your estate planning documents. Estate planning is not just for the wealthy; it is a critical step for anyone wanting to ensure their wishes are followed and their loved ones are cared for after they...
In today’s digital age, our lives have transcended the tangible. Photos, letters, and financial accounts, which were once stored in drawers, file cabinets and safes, are now often saved in the cloud or on hard drives. As our digital footprints grow, the importance of including digital assets in estate planning becomes...
One of the most important considerations when writing a will or trust is who will inherit your estate. The process of selecting a beneficiary or beneficiaries for your assets is a personal and emotional process. There are many factors to consider:
It might seem tempting to try to save money and do your own estate planning. However, using an attorney for estate planning in Minnesota has many advantages over a do-it-yourself (DIY) approach. Here are some reasons why you should consider using an attorney:
Complexity of Laws
Cryptocurrency is a digital currency that can be used to buy goods and services online. You can buy cryptocurrency or “mine” cryptocurrency using computer technology. Cryptocurrencies are becoming a modern investment opportunity.
There are thousands of different cryptocurrencies that are traded publicly...
On January 1, 2020, when the SECURE Act (“Setting Every Community Up for Retirement Enhancement Act”) went into effect, it vastly impacted how Americans save for retirement and access those funds.
This legislation included numerous changes; from Required Minimum Distributions (RMDs) starting at 72...
