Managing the estate of a parent can be a challenge. It requires practical planning and emotional fortitude. Going through a lifetime's worth of assets and memories can be hard for a child grieving a loss. Needing to liquidate or sell property owned by a parent can be...
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Estate Planning
Estate planning and oil, gas or mineral rights in a trust
On Behalf of Christopherson, Anderson, Paulson & Fideler, LLP | Jun 22, 2021 | Estate Planning
If you are creating an estate plan in South Dakota, you may find that there are some complications with your assets. Complex assets are among the many issues that can mean there is more to estate planning than simply creating a will. Owning oil, gas or mineral rights...
Steps that you can take to avoid probate
On Behalf of Christopherson, Anderson, Paulson & Fideler, LLP | Mar 24, 2021 | Estate Planning
If you live in South Dakota, property that is held in your estate may be subject to the state's probate laws. However, there are a variety of strategies that might be available to ensure that your property is exempt from those laws. This may help to ensure that your...
How to use estate planning to its full potential
On Behalf of Christopherson, Anderson, Paulson & Fideler, LLP | Dec 16, 2020 | Estate Planning
The estate planning steps that you take while alive may make it possible to exert a greater level of control over your assets from the grave. For instance, creating a pour-over will ensures that items held in your South Dakota estate will be put into a trust instead...
What are some common estate planning mistakes?
On Behalf of Christopherson, Anderson, Paulson & Fideler, LLP | Nov 19, 2020 | Estate Planning
Now that you've decided to write your estate plan, you're well on your way to protecting yourself and your loved ones in the event that you die or become incapacitated. However, there are still certain legal issues that might arise if you don't plan your estate...
The importance of estate planning for physicians
On Behalf of Christopherson, Anderson, Paulson & Fideler, LLP | Aug 21, 2020 | Estate Planning
Physicians in South Dakota may want to ensure that they have their estate plans in order. Dying without an estate plan might mean that the state determines what happens to a person's assets, and this can leave loved ones at a disadvantage. For example, an estate could...
Who is an interested party in probate?
On Behalf of Christopherson, Anderson, Paulson & Fideler, LLP | Jun 1, 2020 | Estate Planning
You have likely heard about how time-consuming and costly probate can be in South Dakota. One of the reasons why probate can hold up the distribution of property is because people file a lawsuit. However, not everyone has the right to intervene in court during the...
4 times when you should update your estate plan
On Behalf of Christopherson, Anderson, Paulson & Fideler, LLP | Mar 24, 2020 | Estate Planning
An up-to-date estate plan is as necessary as the estate plan itself. As you prepare for the future, setting up an estate plan is crucial to ensure all your assets are handled after you pass. You can make sure you have a current estate plan with regular updates. With...
How does child custody work in South Dakota?
On Behalf of Christopherson, Anderson, Paulson & Fideler, LLP | Mar 16, 2018 | Estate Planning
When preparing to go through the divorce process, parents in South Dakota may have a lot of questions regarding how their split will affect their time with their children. Will one parent get the kids full time? Will you and your soon-to-be ex be able to work out a...
DO YOU “NEED” A TRUST?
On Behalf of Christopherson, Anderson, Paulson & Fideler, LLP | Mar 7, 2018 | Estate Planning
As an estate planning attorney, I often meet with clients who tell me they "need" a revocable trust. When I ask why, the most common answer is because they heard Dave Ramsey, Suze Orman or some other television or radio personality state that everyone needs a...
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