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Kathy.Tatone@YourFamilyGuardian.com

Your Family Guardian's Legal Blog


Most people use either a Last Will and Testament or a Revocable Living Trust as their primary Estate Planning instrument.  So what’s the difference?  Both instruments control the distribution of assets to loved ones upon death but the manner in which this happens is one of the main differences between these two documents. A Last […]

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One of the biggest misconceptions that people have about estate planning is that trusts are only for the super-wealthy. That’s simply not the case. A trust, in its simplest form, is a probate avoidance mechanism.   It’s not the only one, but it is a particularly good one.   If you do not have a […]

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ANSWER:  One simple action that EVERYONE should take regarding Estate Planning is to Check Their Beneficiary Designations. Many people fail to change the beneficiaries named in their IRA or retirement plans. If you have been divorced and especially if you’ve remarried, don’t give your ex your hard-earned retirement savings. Make sure the beneficiaries on your […]

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Long-term care is not cheap. The cost of employing a home care attendant in Minnesota ranges from $15 to $25 an hour and a nursing home bed runs from approximately $5,500 to $8,000 per month. Finding the right solution to help pay for long-term care is critical. While Medicare gets most of the news coverage, […]

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Naming who should get the life insurance money after you die sounds simple, but designating beneficiaries can get tricky. Mistakes are common, financial advisers say — and they can be heartbreaking and expensive. When mistakes are made “you’re not creating problems for you.”  “You’re creating problems for the people you leave behind.” Here are 7 […]

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