Earlier this month, Supplemental Needs Trusts were discussed. Today, we’ll focus on Special Needs Trusts. A Special Needs Trust is a tool in which a person with a disability is able to retain their assets by placing them into a trust to use the assets to supplement the government benefits the disabled person will receive […]
May 31, 1819 – March 26, 1892 It is the 120th anniversary of Walt Whitman’s death. Walt Whitman spent his life writing poems, essays and working as a journalist. Probably his most famous work was Leaves of Grass, a collection of poems that Whitman began working on in 1850 and continued revising throughout the rest […]
Personal representatives and trustees are commonly responsible for distributing real property from an estate or trust to its designated beneficiaries. Such distributions present unique challenges for personal representatives, trustees, and beneficiaries alike. To this end, there are several considerations that should be made prior to distributing real property from an estate or trust.
Across the board, the significant majority of personal injury lawsuits and workers’ compensation claims are resolved through settlement. The reasons for the high percentage of cases that settle are myriad. Our crowded court system and resulting delays can wear down litigants; the increase in alternative dispute resolution helps cases resolve before trial; the inherent unpredictability […]
A few months ago, I wrote about the importance of having life insurance to help provide for your family upon your death. Today I write about life insurance again, but from a different perspective: what if something unexpected happens to your child? I know that no one likes to think about this scenario, but just […]
• Name: Janelle A. Schrupp • Employer: Schrupp Law, PLLC • Position: Attorney • Location: 7760 France Ave S., Suite 215, Edina, Minnesota • Education: St. Olaf College, William Mitchell College of Law How long have you been practicing? Since October, 2008 What led you to practice in the area of estate planning? I went […]
February 2, 1905 – March 6, 1982 It has been 30 years since Ayn Rand passed away. However, her philosophical and political theories are still common in debates today. Her two most famous novels, The Fountainhead and Atlas Shrugged have been used by the right-wing to bolster their argument for pure capitalism and smaller government, […]
Later this month, Special Needs Trusts will be discussed in some detail. Today we’ll discuss Supplemental Needs Trusts. Oftentimes, these two types of trusts are confused because their purposes are somewhat similar, but how each is funded and created and what will happen upon each trusts’ termination are quite different. Beneficiary Like a Special Needs […]