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ESTATE PLANNING
WHAT ARE MINNESOTA’S REQUIREMENT FOR QUALIFICATION FOR HOMESTEAD TAXES?
In Minnesota, when your home is classified as “homestead” the taxable market value of your home is reduced (as long as its fair market value is less than $413,800) which generally results in lower real estate taxes for you. To qualify for the homestead...
MEDICAL ASSISTANCE IN MN
Medical Assistance (MA) in Minnesota: Can I keep living in my home if I apply for M.A.? If my spouse receives MA and has to move into an assisted living or memory care facility, can I continue living in our home? MA is a “means tested” program. Means testing is used...
CAN I GET ASSISTANCE FROM MINNESOTA’S MEDICAL ASSISTANCE TO PAY FOR MEMORY CARE?
For individuals with limited financial resources who are at least 65 years of age and have significant health challenges to the extent that they require aid to complete their daily personal tasks, Medicaid will pay for skilled nursing (nursing home) care. In...
WHAT DO I DO WHEN SOMEONE IN MY FAMILY DIES?
When one of your family members dies, a number of important questions arise and must be answered quickly, including the following: If there is a will, what do I do with it? What do I do if there is no will? What if there is a dispute among family members about what...
WHAT HAPPENS AFTER MY (FREE) CONFERENCE (PART 2)
PREPARATION OF A WILL OR A TRUST If you die without a will, the Minnesota laws of intestate succession will determine how and to whom your assets will be distributed. In general, your property will pass to your closest relatives. State law is indifferent to your...
WHAT HAPPENS AFTER MY INITIAL (FREE) CONSULTATION?
With most of my clients, after our initial telephone conference they set up an in person appointment and start gathering the information they will need for our more in depth “consultation number two”. Once again, it is very helpful if prospective clients purchase...
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