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Can You Edit Your Estate Plan Yourself?
January 17, 2023Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

Can You Edit Your Estate Plan Yourself?

Upon reviewing your estate planning documents, you may notice some small changes that need to be addressed, but you may wonder whether you need an attorney to assist you. For example, what if you want...

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How to Avoid a Will or Trust Contest
January 11, 2023Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

How to Avoid a Will or Trust Contest

When you create or update your estate plan, one of your goals should be to ensure that your final wishes are fulfilled. If you are concerned about challenges to your estate plan, consider the followin...

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What is a trust protector?
January 3, 2023Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

What is a Trust Protector?

What is a trust protector? Traditionally, the three roles that must be filled when setting up a trust are the settlor (also called a grantor, trustor, or trustmaker), the trustee, and the beneficiary....

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Creating an inventory for your estate plan
November 25, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

Preparing an Inventory for Your Estate Plan

Most estate planning attorneys have received calls from distressed children who knew that a deceased parent had a will or a trust, but had no idea what accounts, insurance policies, or items of real a...

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What is a Power of Appointment?
November 22, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

What is a Power of Appointment?

An often misunderstood but common estate planning tool is the power of appointment. Not to be confused with a power of attorney (the document that allows you to delegate someone to act on your behalf ...

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Preparing Your Beneficiaries to Receive their Inheritance
October 17, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

Preparing Your Beneficiaries to Receive their Inheritance

An often-overlooked aspect of estate planning is preparing beneficiaries to receive money and property. With all of the thought that goes into making sure taxes are minimized, probate is avoided, and ...

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October 11, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

What is the difference between a will and a trust in Minnesota?

A will is basically a letter to the Court explaining how you want your assets to be distributed following your death. The only one who listens to a will is a probate judge. The only place it is valid ...

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Estate Planning Before a Major Health Event
October 7, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

Estate Planning Before a Major Health Event

Receiving a health diagnosis or learning that you need to undergo major surgery can cause substantial disruption in your day-to-day life. During this time, the last thing you may want to think about i...

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Modernizing an Outdated Estate Plan in Minnesota
September 29, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

Modernizing an Outdated Estate Plan in Minnesota

Estate plans evolve. Or at least they should. Any plan that doesn’t match your current financial and family circumstances may be out of date and in need of an overhaul. We can help you revitalize th...

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What happens to your debt when you pass away?
August 21, 2022Virtus Law PLLCNo CommentsCategories: Articles

What happens to your debt when you pass away?

Have you ever wondered what would happen to your debts if you passed away before paying them off? Will your loved ones be obligated to pay your debts or will they simply disappear? Every person’s de...

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