952.442.7700
LinkedIn
Instagram
Pay Online

Blog

  1. Home
  3. Blog
  5. Estate Planning and Probate/Trust Administration
Estate Planning and Probate/Trust Administration

Minnesota Medical Assistance Eligibility and Asset Protection in Minnesota

Jason R. Lee
, , , , , , ,
No Comments
Nursing home care can be incredibly expensive. As of 2019, average nursing home costs in Minnesota rose to roughly $7,800 per month. Because of the high costs associated with nursing home care, approximately two-thirds of all Minnesotan nursing home residents pay for their care using Medical Assistance.
Read More
Estate Planning and Probate/Trust Administration

Do I Need a Revocable Trust?

Jason R. Lee
, , , , , ,
No Comments
One of the most common and important estate planning tools is a revocable trust, sometimes called a living trust. Revocable trusts offer several benefits and can reduce costs and headaches for your loved ones. Nevertheless, there is no one-size-fits-all approach to estate planning, so whether a revocable trust is the right tool for you will depend on your individual circumstances.
Read More
Estate Planning
Estate Planning and Probate/Trust Administration

Reviewing and Updating Your Estate Plan

Jason R. Lee
, , , ,
No Comments
If you have created an estate plan, you are ahead of the curve. However, regular review of your plan is necessary. Most professionals recommend that you have your estate plan reviewed at least once every 3 to 5 years, or immediately after a change in circumstances or major life event.
Read More
Estate Planning and Probate/Trust Administration

Charitable Trusts

Jason R. Lee
, , , , , ,
No Comments
Whether your goals are to reduce tax exposure, to contribute to a charity, or both, a charitable trust may be a great option.  A charitable trust is a form of a “split interest” trust, because the benefits of the trust are split between a charity and one or more person.  There are generally two types of charitable trusts: (1) a Charitable Remainder Trust and (2) a Charitable Lead Trust.
Read More
Passing down the family cabin
Estate Planning and Probate/Trust Administration

Passing Down the Family Cabin (or other recreational property): Cabin Trusts and Cabin LLCs

Jason R. Lee
, , , , ,
No Comments
There are an estimated 124,000 recreational or seasonal homes in Minnesota.  Add to that other private land used for recreation, such as hunting land, and that number is even higher.  If you own a family cabin or other recreational property, it is probably important to you that the property stay in the family for future generations to enjoy.
Read More
Supplemental Needs Trust
Estate Planning and Probate/Trust Administration

Supplemental Needs Trusts (and Special Needs Trusts) in Minnesota: The Basics

Jason R. Lee
, , , ,
No Comments
If you have a loved one who is living with a disability, maintaining their eligibility for Supplemental Security Income (SSI), Medicaid, or other government benefits is immensely important.  To be eligible for SSI in 2019, for example, the applicant must have less than $2,000 ($3,000 for a married couple) in countable resources.  Therefore, if you are not careful, any gift you make to your loved one could negatively affect their benefits eligibility.
Read More
Menu