Setting up a trust is only the first step in protecting your assets and ensuring your estate plan works as intended. To make your trust effective, you need to fund it. That means transferring ownership of your assets into the trust’s name. This process helps avoid probate, keeps your affairs private, and...
Category: Trusts
What Is a Revocable vs. Irrevocable Trust?
Creating a trust is one of the most flexible ways to manage and protect your assets. But not all trusts work the same way. The two main types—revocable and irrevocable—offer very different levels of control, tax impact, and protection. Understanding these differences will help you decide which structure fits your goals and...
Cabin Trusts in Minnesota: Protecting Your Family Retreat
For many Minnesota families, the cabin isn’t just a getaway—it’s a place where memories are made and passed down. Whether it’s summer weekends on the lake or holiday gatherings in the woods, the family cabin carries emotional value that often spans generations. But without a clear plan in place, this cherished retreat...