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statute governing the formation, operation, and management of limited liability companies (LLCs) in Minnesota will be repealed and replaced by the new statute on January 1, 2018.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 »
A health care directive (“HCD”) is another integral document you should have as part of an estate plan. This document is a tool that gives you the ability to name a trusted individual(s) to make health care decisions on your behalf when you are unable. If you are ever incapacitate... continue reading »
A power of attorney (POA) is an integral document you should have as part of an estate plan. This document is a tool that gives you the ability to name a trusted individual(s) to access your financial accounts and step into your shoes to manage your assets when you are unable or unavailable. If... continue reading »
In my second article of this series, I talked about additional estate planning for Disabled Children/Adults. Our next article in this series today will cover guardian/conservatorships. Sometimes there may b... continue reading »
In my last article I talked about Planning for Disabled Children. Depending on the level of disability, parents have several options to consider to help them determine how to best continue to support and care for their child... continue reading »
“Disability” by general definition, means a physical or mental condition that limits a person’s movements, senses, or activities. As you know, there is a sliding scale that represents the level of someone’s “disability.” I’d like to focus today on families that have a minor chil... continue reading »
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