Jeffrey P. Scott & Associates

March 2015 Archives

Avoid Family Conflicts by Planning Ahead

Family Feud may be a fun gameshow to watch on television, but it's not something you want to develop in the context of an estate. Unfortunately, family conflicts surrounding probate and estates can be quite common. In some cases, relationships among siblings, cousins, and even surviving parents and children are irrevocably damaged. The good news is that you can minimize the likelihood of these conflicts through advanced planning.

Life insurance beneficiary considerations

Many Minnesota residents purchase life insurance as a part of their overall estate plans. Although the purchase of life insurance is generally straightforward, people should be aware of some common pitfalls that may be encountered in designating beneficiaries.

Trust administration in Minnesota

Trust administration requires the fiduciary to perform very specific and important tasks. The fiduciary, or trust administrator, is the person named by the grantor who will be responsible for administering the trust and protecting its assets for the benefit of the beneficiaries.

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Jeffrey P. Scott & Associates

Jeffrey P. Scott & Associates LLC
2356 University Avenue West, Suite 400 | St. Paul, MN 55114
Phone: 651-968-1457 Toll free: 866-442-3092
Fax: 651-647-9544
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