The Helm: banking, lending and business insight for Minnesota

A couple meets with an advisor in an office to go over their retirement accounts

What to Do With an Old 401(k): Your Options in Minnesota Where is your money? If you have changed jobs a few times, the answer may be more places than you remember. Knowing what to do with an old 401(k) …

Personal Finance

A couple sits together at a table as an advisor walks them through a document

Bank Trust Department vs. Financial Advisor: What to Expect When You Hire Help in Minnesota Bank trust department vs. financial advisor is a choice many people reach without ever deciding they could no longer manage their money. What brought …

Retirement Planning

Adult daughter at her late father's kitchen table sorting mail and a trust binder, her first week as successor trustee in Minnesota

Successor Trustee Duties in Minnesota: The First 90 Days After a Parent Dies The call usually comes from the funeral home or the attorney's office, and it ends with a sentence nobody prepared you for: you are the successor …

Minnesota couple comparing their trust document to their account statements and property tax notice

Funding a Trust in Minnesota: What Goes In, What Stays Out, and What Happens to What You Missed A trust can only manage what it owns. Signing the document creates it. Funding a trust in Minnesota means actually moving the house, the accounts, …

Minnesota family reading the trustee provisions of a trust document at a kitchen table

Changing Trustees on a Minnesota Trust: How It Works and What the New Trustee Needs A trust names its trustee once. Life changes that person more than once. Here is how a trusteeship changes hands in Minnesota, and what a successor …

Minnesota couple writing a guidance letter to their trustee

A Grantor's Guidance Letter: Telling Your Trustee What the Trust Document Cannot A trust document tells your trustee what they are permitted to do. It almost never tells them what you meant. A grantor's guidance letter is where …

Prev

1 2

Next