What is a Trust Fund? Simply put, a trust or trust fund is an efficient way of passing on your assets to family members, loved ones, or as charitable contributions. A trust fund avoids the probate system, meaning less time and stress when you pass on your legacy. If you’re like most people, you probably…
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What is Power of Attorney and What Rights Can it Grant? Do you find yourself asking what is Power of Attorney or what does it do? Simply put, it grants another individual the ability to make certain decisions on your behalf. The decisions they can make, and the limits of these decisions, depends entirely on…
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A health care directive — also known as a living will, health care proxy, or advance directive — is an important document that outlines your wishes and intentions regarding the level of end-of-life medical care you receive, if and when you’re not in a position to clearly articulate these wishes. For example, you may request…
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Duluth, Minnesota, is a family-oriented salt-of-the-earth town with Midwestern grit. Many families will, at some point, require the services of an attorney with expertise in the area of family law, for divorce, bankruptcy, or estate planning. Most individuals will face a legal situation in life – even if that situation is just planning for the…
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An estate plan will carry your family through a difficult time after you pass on. The plan will become part of the legacy you leave behind – your personal instructions for how you wish to parcel out your land, home, business, vehicles, and other assets. It can also protect your assets during your life. Having…
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