If you are new to the concept of estate planning, it can seem a bit intimidating the first time around given all the various goals and objectives that are frequently rolled into an estate plan. The good news is that working with an experienced estate planning attorney will go a long way toward ensuring that your plan does accomplish all of those goals and objectives. Your estate planning attorney can also help explain the process and make you feel less intimidated. Before you even get to your … [Read more...] about Top 4 Estate Planning Considerations
When a Parent Needs Medical Treatment and the Adult Children Cannot Agree, What Happens?
If you find yourself facing the reality that someone needs to step in and make health care decision for your parent, it will me an emotionally trying experience. What happens if you and your siblings cannot agree on who should make those decisions? What options are available to settle your dispute? A Grand Forks elder law attorney at German Law Group discusses what happens when siblings cannot agree on medical treatment for a parent. Experiencing the Role Reversal As your parents age, … [Read more...] about When a Parent Needs Medical Treatment and the Adult Children Cannot Agree, What Happens?
Updating Your Plan: Your Trust or Will
As we approach the end of the year, it’s a good time to think about updating your plan. This includes your entire plan, including your primary vehicle, such as a trust or will. Read on to learn more. … [Read more...] about Updating Your Plan: Your Trust or Will
Estate Planning for Parents
Although estate planning is important for everyone, for the parents of minor children estate planning takes on a heightened importance. Knowing that your children will be protected if something happens to you and ensuring that they will be well provided for make estate planning a necessity, not an option, for parents with minor children. If you are new to the concept of estate planning, as many parents are, you may not know where to begin or what need to be included in your estate plan. … [Read more...] about Estate Planning for Parents
5 Post-Divorce Estate Planning Updates
If you have made the difficult decision to end your marriage, the legal process of divorce that follows will undoubtedly be time-consuming and emotionally exhausting. As such, it can be very easy to overlook the numerous practical steps that should be taken after a divorce. For example, the Grand Forks estate planning attorney at German Law Group point out five estate planning documents that usually need to be updated following a divorce. The Importance of Updating Your Plan … [Read more...] about 5 Post-Divorce Estate Planning Updates
Who Should Guard Your Child’s Inheritance?
Having at least a basic estate plan in place is important for every adult. If you are the parent of a young child, however, the need for careful estate planning is heightened. Your minor child cannot manage his/her own inheritance. Consequently, you must choose someone to do so for your child. The Grand Forks estate planning attorneys at German Law Group help you choose the right person to guard your child’s inheritance. How Will You Pass Down Your Child’s Inheritance? When you contemplate … [Read more...] about Who Should Guard Your Child’s Inheritance?
What Is a HIPAA Release?
The acronym HIPAA stands for the Health Insurance Portability and Accountability Act of 1996. In this post, we will explain why this piece of legislation is something to take into consideration when you are planning your estate. Advance Directives for Health Care Everyone is well aware of the fact that you have to facilitate postmortem asset transfers when you put your estate plan in place. A lot of people think this is the long and short of it, but a proper estate plan will also address … [Read more...] about What Is a HIPAA Release?
Why Estate Planning Is Crucial for Farmers and Ranchers
To the average American it may seem as though family farms and ranches are all but a thing of the past; however, family owned and operated farming and ranching businesses have seen a comeback in recent years as consumer awareness has increased with regard to the practices of many industrial size ranching and farming operations. If you own a family farm or ranch, and you plan to pass the business down to the next generation, it is imperative that you plan accordingly. A Grand Forks estate … [Read more...] about Why Estate Planning Is Crucial for Farmers and Ranchers
How Can I Keep the Details of My Estate Plan Private?
If you create a comprehensive estate plan, that plan will undoubtedly reflect your highly personal wishes as well as include sensitive details about your debts and assets. Understandably, you may not want those wishes and details to be divulged to the general public, even after you are gone. To help you, a Fargo estate planning attorney at German Law Group explains how you can keep the details of your estate plan private. Probate and Your Last Will and Testament A Last Will and Testament … [Read more...] about How Can I Keep the Details of My Estate Plan Private?
5 Things to Consider When Creating Your Estate Plan
If you are new to the concept of estate planning, it can seem a bit intimidating the first time around given all the various goals and objectives that are frequently rolled into an estate plan. The good news is that working with an experienced estate planning attorney will go a long way toward ensuring that your plan does accomplish all of those goals and objectives. Your estate planning attorney can also help explain the process and make you feel less intimidated. Before you even get to your … [Read more...] about 5 Things to Consider When Creating Your Estate Plan
