After being married for more than 30 years, you and your spouse have accumulated significant assets. Sine you were married, the two of you purchased various properties, including your main residence and a vacation home on the lake. In addition to these assets, there are also various investment accounts, retirement funds, cars and even your spouse's consulting business.
There are two general mistakes that Minnesotans tend to make when it comes to estate planning. They either put it off until it is too late, or they put an estate plan into place early but forget to update it after major life events occur.
The recent news coverage of the fight over who should make medical care decisions for Al Barnes is a reminder of the need for careful estate planning, generally, and particularly in drafting health care directives.