Revocable Living Trusts: Not Just for the Rich and Famous

When people think of trusts, they often think of trust companies and trust-fund kids, which give the impression that trusts are for the rich and famous. In fact, revocable living trusts are a great estate planning tool used by millionaires and those with more modest estates. If you own real estate and have multiple children or beneficiaries, a revocable living trust is likely the best way to keep your assets out of an expensive probate process and distribute them directly to your family. A revocable living trust is an alternative to a will that controls where your assets go upon…

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How Estate Planning Can Help You Avoid or Minimize Probate

We all want to be able to leave behind a legacy to those who survive us. Estate planning is essential to this process, providing a clear picture of who will inherit what in the event of death and ensuring beneficiaries receive as much of the estate as possible. Read on to learn how estate planning can help you avoid probate. Passing on an estate brings with it a number of costs. But with the right plan in place, you can minimize cost, hassle, and how long it takes for your family to receive their inheritance. Often times, you can avoid…

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The Chamber Report September 2018

This month, Estate Planning and Elder Law attorneys Kayla Dube and Steve Helseth appeared on the September 2018 episode of The Chamber Report with Pete Turok, President of the Anoka Area Chamber of Commerce. During the segment, they covered a variety of topics, from misconceptions about wills to what falls under the umbrella of elder law. Key points include: Bolt Hoffer Boyd Law Firm areas of focus How a trust can keep your assets out of probate Good times to look at estate planning options (life events) Free consultations and flat-fee basis for estate planning services Elder law scenarios Estate…

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The Least You Should Know About Elder Law

Elder Law is becoming a topic of conversation for more and more people. However, there is still a lot of confusion regarding Elder Law and Elder Law Attorneys. Here are a few tips regarding Elder Law two of our estate planning and elder law attorneys, Steve Helseth and Kayla Dube, wrote for the August edition of the Comfort Keepers newsletter. Wide Range of Topics Elder Law addresses issues commonly faced by seniors and those living with disabilities. Elder Law combines traditional estate planning (wills, trusts, health care directives, and powers of attorney) with incapacity planning, long term care planning, and…

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