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Call UsIn Charitable Giving Part I, I outlined developments in the tax laws that impact charitable giving. As a generous group of people, the reason why we give is not solely for the tax deduction, right? S... continue reading »
Charitable Giving – Part 2
Articles by Laura J. Hansen
Charitable Giving – Part 1
Several years ago, I wrote an article about charitable giving, and it began with the statement: “We are a generous group of people”. I believe this remains true. In so many conversations with friends and family, I still hear of giving to charitable organizations in many ways, including time, ... continue reading »
Financial Scams and Elder Financial Abuse
Unfortunately, we live during a time when financial scams are everywhere. Criminals target us with wide-ranging schemes through our cell phones, social media, and the mail. The ultimate goal is to steal money from us. We are well beyond the annoying phone calls from telemarketers at the dinner ho... continue reading »
How to Avoid Unintended Consequences
In previous articles, we have stressed the importance of a completing an estate plan, one that is tailored for you and your family. We have explained the positive benefits of putting key estate plan documents in place and how to integrate your assets through retitling and beneficiary designations... continue reading »
Lake Property Succession to the Next Generation of Owners
In past articles for this column, we have talked about how to ‘keep the lake cabin in the family’. For this article I will compare the use of a cabin trust vs. a cabin LLC. It’s important to note that this article addresses only a single component of an estate plan. A cabin trust or cabin L... continue reading »
Best Practices for Small Businesses #7-12
Eryn Slagle, a senior at the University of Minnesota Duluth, assisted in the writing of this article. When starting and operating a small business, it’s important to adopt best practices that will help make your business successful, profitable, and to avoid conflict and disputes. In today’... continue reading »
Best Practices for Small Businesses – #1-6
Eryn Slagle, a senior at the University of Minnesota, assisted in the writing of this article. When starting and operating a small business, it’s important to adopt best practices that will help make your business successful, profitable, and to avoid conflict and disputes. In today’s arti... continue reading »
Estate Taxes
Minnesota Governor Tim Walz recently proposed a budget for 2022-2023 with the goal of raising revenue and providing relief to those most impacted by the COVID-19 pandemic, calling it ‘Minnesota’s COVID-19 Recovery Budget. The budget calls for an increase in several taxes, and, specifically, a... continue reading »
New Reporting Requirements for Business Entities
We work with lots of clients to set up limited liability companies (LLCs) and corporations (s-corps and c-corps). The legal and filing requirements to establish a new entity are fairly straightforward, and one of the first steps is to file Articles with the Minnesota Secretary of State to registe... continue reading »
Business Entities – Annual Reminders
As you prepare for tax season and end of year planning, it’s also time to complete your annual renewal for your business entity with the Minnesota Secretary of State. Annual renewals are required for corporations, limited liability companies, non-profit corporations, cooperatives, and limited/l... continue reading »