The Trust is a prevalent component and tool to be used in estate planning. However, there are various vastly different Trust options, and the question arises: “Am I using the right Trust for my needs and goals?” Often used Trusts include living Trusts, Testamentary Trusts, and Irrevocable Trusts; each serves a different purpose, and each has a different result. One common problem that often needs addressing is the over-utilization of the Living Trust for goals or problems that it does not resolve. For example, a Living Trust probably doesn’t protect your assets against Medicaid and the nursing home. The Irrevocable Trust and the Testamentary Trust have their strengths and weaknesses. Define the strengths and weaknesses of each type of Trust and when to use them. Explore your goals and wishes to see where they fall in the realm of Trusts.

How do you pay for the nursing home and still leave assets for the next generation? Many updates for 2021 in the ever-changing estate planning laws and great increases in nursing home costs, this is a concern for many. Understand what your options are, get your long-term care finance questions answered and learn how to plan and place your assets to meet your future goals. For this class, park in the main lot on Manton St and enter through door 1E. The gym is to the right of the lobby and the classrooms are down the first hallway on the left.

Take an in-depth walk-thru of an actual Minnesota Probate Estate from the filing of the Application for Probate to the Final Accounts and all the steps in between. Learn the process, see the current forms and court and filing requirements, discuss the accounting and procedural steps, and the procedures for the sale and distribution of estate assets. Discussion will also include the roles, responsibilities, and liabilities of a person appointed as the Executor/Personal Representative. The class will have real-life examples and solutions to many issues involving typical (or not typical) Minnesota Probate Estate. This class encourages questions: Is there a “reading of the Will”? What about personal items? Does the Executor get paid? What about estate bills and creditors? Bring your questions For Classes at Gladstone Park in the main lot on Manton St and enter through door 1E. The classrooms are down the first hallway on the left.

A friendly, and informational, open-forum with a seasoned will & trust attorney. Questions like: Should I avoid probate? Is a will good enough? Do I need a Trust? How does my plan deal with the nursing home? How do we gift the assets of husband and wife? What about separate assets not of the marriage? What is the death tax? How do I avoid leaving a mess for my children? Which Trust is best for m y needs? Can I use a Transfer-On-Death Deed? How do my retirement assets operate in my Will or Trust? All questions will be answered! For Classes at Gladstone Park in the main lot on Manton St and enter through door 1E. The classrooms are down the first hallway on the left.