Wednesday, February 1st, 2012
An Important Estate Planning Document
One of the most important estate planning documents is your Living Will. A Living Will directs what medical treatment and medications you should receive when you become disabled and cannot express your own wishes. Living Wills are designed to protect you and your family. …Continue Reading
Posted in Video
| Tagged estate planning, health care directive, Health Care Power of Attorney, HIPAA, living will
|
Wednesday, February 1st, 2012
A Major Decision To Make
When a person is informed by their medical professional that he or she is going to die soon, one of the major issues that he or she has to face is how to handle their bank accounts, retirement plans, real estate, and other assets. …Continue Reading
Posted in Video
| Tagged assets, creditors, estate planning, probate, taxes, trust, will
|
Monday, September 19th, 2011
Brother Takes Care Of Grandmother’s Finances
Mary lives in Saint Paul with her grandmother Marjorie, whom she has taken care of for the past four years. Her brother, Richard, offered to take care of Marjorie’s finances so the grandmother signed a power of attorney for Richard to take care of her assets and monthly bills. Things went well for several months. …Continue Reading
Posted in Video
| Tagged assets, Bill Peterson, elderly, estate planning, power of attorney
|
Tuesday, August 23rd, 2011
Estate Planning Can Be Complex With Multiple Marriages
Multiple marriages frequently bring complexity to estate planning. While some people need a few tries to find true love, just one slip up on a will can cost the heirs of a past marriage the entire estate. This potential for error can be something that many people overlook. …Continue Reading
Posted in Video
| Tagged assets, blended families, estate planning, step children
|
Tuesday, August 23rd, 2011
Senior Woman Meets New Man
Elizabeth is a senior woman. She is a very independent person and has been diligent in saving money throughout her entire life. Her husband Albert died five years ago. After his passing, Elizabeth was very lonely until she met Ronald, whose wife Audrey died three years ago. …Continue Reading
Posted in Video
| Tagged assets, Bill Peterson, health care directive, prenuptial agreement, retirement, trust, will
|
Tuesday, July 5th, 2011
Half Of All Eligible Americans Are Filing For Social Security
According to recent studies, half of all eligible Americans, apparently worried about the future of social security or the current economy, are filing for social security at the earliest they can, namely 62 years of age. …Continue Reading
Posted in Video
| Tagged assets, Bill Peterson, estate planning, quarters of coverage, retirement, social security, social security benefits
|
Wednesday, May 25th, 2011
Entering The Golden Years
Your Dad died a few years ago and Mom has met a nice fellow at the senior citizens center. They plan to marry.
Dad left a nice nest egg to Mom to live a good life. He wanted his kids – you and your sister and brother – to get the benefit of his business success and estate planning. …Continue Reading
Posted in Uncategorized
| Tagged blended families, deceased spouse, estate plan, estate planning, family inheritance, prenuptial agreement
|
Tuesday, May 17th, 2011
Using The Family Cabin
Mom and Dad have passed away, leaving the behind the family cabin. Now that summer has finally arrived, the cabin on Round Lake is ready for fishing, waterskiing and canoeing. You and your children have been eagerly awaiting the opportunity to spend some quality time together “Up North”. …Continue Reading
Posted in Video
| Tagged blended families, estate plan, family inheritance, LLC, partnership, trust, vacation home
|
Friday, April 29th, 2011
When You Go To A Minnesota Hospital
When you are taken to a hospital in Minnesota from an accident or illness, it may be too late to prepare the documents to assure you the care you want or to provide access to your medical information for your loved ones. This could create a major issue when your family is faced with making a decision on the type of treatment you receive. …Continue Reading
Posted in Uncategorized
| Tagged Advance Care Declaration, health care directive, Health Care Power of Attorney, living will
|
Friday, April 29th, 2011
What Happens After You Pass Away?
When you die and if your spouse remarries, will your spouse’s new husband or wife and the stepchildren inherit your children’s share of the family inheritance? This may be difficult for some people to think about, but it is something that married couples may want to consider. This is especially true in an era where some people are living much longer lives. …Continue Reading
Posted in Video
| Tagged Anna Nicole Smith, blended families, deceased spouse, estate plan, estate planning, family inheritance, J. Howard Marshall, lateral transfer of wealth, probate, step children, trust, will
|