The following article is on the importance of the protections of the corporate and limited liability company (LLC) statutes. Our law firm assists many area businesses with their entity formation and other business law concerns.
The first corporations in America were formed in the late 18th... continue reading »
A law was passed several years ago that basically allows you to put beneficiaries on your home. You should sign and record this deed now but it has no affect until you pass away – meaning you can sell or refinance without needing the beneficiaries to consent or sign anything. You can also r... continue reading »
I often get questions from injured workers wanting me to give them an overview of how workers’ compensation works. In its most basic sense, workers’ compensation is when an employee gets hurt on the job and the employer’s insurance company pays for the injured workers’ medical bills and l... continue reading »
As an estate planner I often work with the entire family. My initial discussion is usually with mom and dad as we work together to put their estate plan documents in place. Many times, mom and dad want to bring the child that is appointed to act on their behalf to a meeting to give the child ... continue reading »
Have you reviewed your beneficiary designations? Beneficiary designations are a way in which we identify who we want to give an asset to after we pass away. A common beneficiary designation for most people is the form you completed when you became eligible to participate in your employer’s ... continue reading »
When is your estate subject to estate tax? Minnesota is one of a handful of states that assess a tax on your estate when you pass away if certain limits are met. This type of tax is often referred to as a death tax and is assessed against the entire value of your estate. In contrast ... continue reading »
You may like to read Will Based vs. Trust Based Estate Plan (Part 1).
In this article we will dig into some of the reasons you may want to consider a trust based estate plan. Minnesota adop... continue reading »
We are a generous group of people. In so many conversations with friends and family, I hear examples of the giving of our time and money to various charitable organizations. My brother oversaw a bike ride with hundreds of participants benefiting a cancer organization; my mom volunteers at her loc... continue reading »
Have you found yourself walking away from a conversation with a friend or family member and you were convinced you needed a Will? Or you attended one of those “free meal” seminars where you were sold on the idea that you had to have a Trust? Navigating the options in estate planning can b... continue reading »
The old statute governing the formation, operation, and management of limited liability companies (LLCs) in Minnesota will be repealed and replaced by the new statute on January 1, 2018. The transition from 322B to 322C began on August 1, 2015 when the new LLC statute went into effect. Since then... continue reading »