The biggest fear for most Baby Boomers is how to pay for the nursing home and still leave an inheritance for the next generation. We will walk through the following questions and more: How will I meet my nursing home goals? Are long term care insurance and/or home healthcare for me? Should I gift my money away? Would I qualify for Medicaid? Does my current trust protect my assets and avoid the nursing home? What is the 60-month claw back? What if my spouse goes into the nursing home and exhausts our money? Get the answers to these and other questions and learn how to create an effective plan to deal with these uncertainties.

The concern: Our family has a cabin, homestead, hunting land, farm or second home. How do we protect this family legacy and move its use and enjoyment into the future? The problem: Various sources and forces threaten its very existence. The nursing home and Medicaid (MA), estate taxes, family divorces, creditor and bankruptcy issues, taxes and operating expenses, unequal resources of owners, the in-laws, and use and enjoyment equality. The answer: We will provide real-life solutions and explore four paths to resolution that will solve our problems without driving the family apart or sacrificing the family legacy asset.

In this class, we will do an in-depth walkthrough of an actual Minnesota Probate Estate from the filing of the application for probate to the final accounts - and all the steps in between. Class participants will learn the entire process with current forms, court and filing requirements, accounting and procedural steps, as well as the procedures for the sale and distribution of estate assets. We will also discuss the roles, responsibilities, and liabilities of a person who is appointed as the executor/personal representative. The class will be filled with real-life examples and solutions to the multitude of issues involving a typical (or not typical) Minnesota probate estate. This class encourages questions: Is there a “reading of the will”? What about personal items? Does the executor get paid? What about estate bills and creditors? We will provide the answers!