estate plan Archives - Melchert Hubert Sjodin

Estate Planning and Probate/Trust Administration

Minnesota Medical Assistance Eligibility and Asset Protection in Minnesota

December 9, 2019

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.

Legal Updates

Passing down the family cabin

November 21, 2019

Jason R. Lee

There are an estimated 24,000 recreational homes in Minnesota. Property is often handed down to the children, which works fine until the children pass away.

Estate Planning and Probate/Trust Administration

Do I Need a Revocable Trust?

November 13, 2019

Jason R. Lee

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.

Legal Updates

When should you review your estate plan?

November 2, 2019

Jason R. Lee

When circumstances in your life changes, your estate plan should be reviewed. Tax law changes, moving to a new state, births, marriage, divorce or a death in the family are all occurrences that should prompt you to review your estate plan.

Estate Planning and Probate/Trust Administration

Reviewing and Updating Your Estate Plan

October 28, 2019

Jason R. Lee

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.

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Minnesota Medical Assistance Eligibility and Asset Protection in Minnesota

Passing down the family cabin

Do I Need a Revocable Trust?

When should you review your estate plan?

Reviewing and Updating Your Estate Plan