Is a Reverse Mortgage Right for You?
Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM), and is only available through an FHA-approved lender. Reverse mortgages are highly regulated. How does it work? […]
Reimbursement for COVID-19 Funeral Expenses and Medical Bills: Help is Available
If you know any loved ones that have passed due to COVID-19, they may be eligible for reimbursement for funeral expenses. That’s right, FEMA (Federal Emergency Management Agency) will reimburse up to $9,000 per death and up to $35,000 per applicant, if multiple deaths. REIMBURSED FUNERAL EXPENSES As of January 3, 2022, FEMA has provided […]
Attorney Spotlight: Michele Loughrey Tschida
In what area of law do you practice and why did you choose this? Estate Planning and Real Estate. What did you want to be when you grew up? A private investigator. When did you decide you wanted to be a lawyer? When I was a paralegal and did all the behind the scenes work. […]
What is a Cohabitation Agreement? Do I Need One?
A Cohabitation Agreement is a legal document that is designed for unmarried couples who wish to purchase property together. The agreement can detail the percentage or amount of each party’s contribution to the purchase as well as outline each parties’ responsibility of expenses and improvements. A Cohabitation Agreement can be extremely important if the couple […]
WEBINAR REPLAY: Estate Planning
A complimentary webinar replay to help understand the importance of having a Will, Health Care Directive, Power of Attorney and other important documents. Also learn about probate and minimizing taxes for your heirs. Presented by Michele R. Loughrey Tschida, Attorney at Law, Hellmuth & Johnson. Please download the outline and click here to view the webinar.
COVID-19 and the SECURE Act
We at Hellmuth & Johnson hope that you and your family are healthy and well. During this unsettled time, as we endure the “new normal” of living with the unfortunate COVID-19 pandemic, there is a good opportunity to put ones legal and financial affairs in order. It is an essential and perfect time to review […]
What’s a Transfer on Death Deed and Do I Need One?
A Transfer on Death Deed (TODD) is a Minnesota real estate document that transfers property upon death. Similar to a named beneficiary on a life insurance policy, upon the death of an individual, a TODD will automatically transfer real estate to a beneficiary without having to go through probate. Sounds simple and a no-brainer, right? […]
Cabin Fever? Keep It in the Family!
It’s that time of year — cabin fever! Everyone loves to escape to the lake on the weekends. What’s not to love? Family, friends, and good memories being made. However, what happens when the owner passes? The fun and memories do not need to end. Make your family cabin a legacy to your children and […]