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Elder Law

How Do I Create a Power of Attorney?

An attorney is not legally required to prepare a power of attorney. However, you should know that powers of attorney are required to be: In writing; Signed by you in front of a notary public; Dated appropriately; and Clear on what powers are being granted. Creating a...

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Medicaid Planning and Trusts: Income Only Trusts

Prior to the enactment of Minnesota’s “trust busting” statute (Minnesota Statutes section 501B.895), two types of trusts which were commonly used in Medicaid planning. The first type of trust commonly used in Medicaid planning was a “Family Income Trust” or “FIT”....

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Medicaid Planning in Minnesota (Part Two): Trusts

Prior to the enactment of Minnesota’s “trust-busting statute” (Minnesota Statutes section 501B.895), several different trusts were commonly used for Medicaid planning. Revocable trusts—which by definition can be changed or rescinded by the trust maker—never worked for...

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Medicaid Planning in Minnesota

A comprehensive estate plan can do more than simply take care of issues which arise when we die.  A good plan can also help you prepare for things that may happen while you are alive. Your plan can help you determine who receives your assets when you die, as well as...

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