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Estate Planning 101

Estate planning encompasses a variety of topics and consequently all our posts could fall under this category. These articles illustrate how estate planning is broader than just a simple Will and how the legal, financial, medical and emotional considerations all affect an estate plan.

Incapacity Planning

It is imperative for individuals to be proactive in naming agents to act on their behalf for times of incapacity. While most of our posts relate to planning for death, these articles address the importance of planning for times when individuals are still living but are unable to communicate or carry out their intentions.

Investments & Insurance

We encourage individuals to take a holistic approach to their estate plan. It is not enough to solely set up the legal documents. It is also important to ensure an individual’s estate is financially secure and protected. These articles range from economic market updates to general advice on how to save, maximize benefits and transfer financial assets.

Probate

Probate is the process of administering an individual’s estate after death. Some individuals wish to avoid probate at all costs, while others understand that probate is not as time consuming or expensive if an appropriate plan is in place. These posts detail the procedures, common pitfalls and helpful hints of probate.

Real Estate

Real property is present in most estates. If the transfer of real estate is not planned for properly, it can cause huge complications in an estate administration. These articles address the ways real estate is held in an estate and how to properly transfer title, both during life and after death.

Taxes

Taxes can be a driving factor for individuals to create an estate plan. Individuals wish to minimize taxes during their lifetime and upon death. These posts educate readers about the different taxes that can affect an estate with tips to minimize or avoid exposure to tax.

Trusts

Trusts can be complex and confusing to many individuals. These articles try to boil down trust options, explain how trusts function and for which individuals and estates they are appropriate.

Recent Articles

Apr 16 2014

Estate Planning Myth #4: Anyone can write a simple will

This is somewhat correct: I clearly remember reading anomalous cases in law school about concepts like Holographic Wills and whether something as simple as “I leave everything to my wife” is a Will. A gentle […]

Apr 14 2014

Basics of Minnesota Medical Assistance

Over half of the population will require long-term care at some point in their lives.  Paying for long-term care is a topic that many people avoid addressing until the last minute; however, due to the […]

Apr 11 2014

Estate Planning Myth #3: All I need I can find on legal zoom

Yes, there are forms out there, and yes, many documents that attorneys draft begin from a template or form. However, consider these two major points for discussion with this myth: first, the law is full […]

Apr 8 2014

Estate Planning Myth #2: Death Taxes Only Affect the Super Wealthy

One wonderful thing about the first session of the 113th Congress was its efforts to enact a taxing scheme allowing an exemption from estate taxes for those with less than $5 million (indexed to inflation), […]

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Epilawg discusses and offers legal and non-legal insight for planning the resolution of your own story. We hope that you will participate in the dialogue.

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