A healthcare directive lets you make decisions about your medical care if you cannot make them yourself. In North Dakota, this document outlines your treatment preferences and appoints someone to make healthcare decisions on your behalf if you're unable to do so. What...
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Estate Planning
What are the key benefits of a simple will?
A simple will provides a straightforward way to ensure your assets go to the right people. It outlines how to distribute your property and who will manage your estate after you pass away. Creating a will prevents unnecessary complications for your loved ones. Ensures...
How can digital assets be included in your estate plan?
Digital assets include online accounts, social media profiles, digital photos, cryptocurrency, and email accounts. These assets often hold personal or financial value, making them an important part of your estate plan. North Dakota’s adoption of the Revised Uniform...
Questions to consider before leaving your house to your children
Leaving your house to your children in your estate plan can seem like a natural choice. However, this decision can come with challenges that may not be immediately obvious. Before making this important decision, it's a good idea to consider a few key questions. Taking...
How does estate planning help with long-term care costs?
Planning for long-term care costs is crucial for protecting assets and ensuring quality care during senior years. Estate planning offers strategies to manage these expenses effectively. Medicaid planning Medicaid can help cover long-term care costs, but eligibility...
The biggest trust fund mistake parents make in North Dakota
Setting up a trust fund is a significant step parents take to secure their children's financial future. In North Dakota, trusts are often used to manage and protect assets until the beneficiaries reach a certain age or achieve specific milestones. However, the process...
Is guardianship for your kids covered in your estate plan?
Guardianship allows you to choose who will care for your children if you can't. It's a key part of estate planning, ensuring your loved ones handle your children's welfare according to your wishes. Setting up guardianship involves legal processes to appoint a...
Estate planning for blended families
Estate planning can be a challenging task in many families, but blended families can involve unique challenges. It’s important to understand what your options are and how being a blended family can influence the plan for your estate after you pass on. The complexities...
Using a pour-over will to fund a trust
Creating a trust may help you transfer money and property to loved ones without the hassle of probate, but like any estate planning method, you may have to update your trust with new assets. However, there is the chance you will not get to place more wealth into the...
Why you should include a power of attorney in your will
Crafting a will involves more than just the distribution of assets and belongings. One often overlooked but essential element is the inclusion of a power of attorney. This legal document grants someone you trust the authority to make decisions on your behalf if you...