
Nuclear War Estate Planning
Nuclear war impacts estate plans. From timing to document storage and access, here are a few tips and issues to consider before nuclear [Read More]
Serving Estates, Workers, and Veterans
Estate planning in Minnesota is unique to every person and family.
To make matters more interesting, estate planning laws and rules are different in Minnesota versus other placees.
From the perspective of an estate attorney, the idea behind the following articles is to share stories and inspire conversation.
Thus, thank you for reading and please share this information with others.
I believe everybody has a basic need for a plan. Having a plan alleviates problems, stress, and hopefully conflict.
For those wishing to keep things simple, a simple estate plan usually includes a last will and testament, revocable trust, durable power of attorney, a power of attorney, and a health care directive (sometimes called a living will).
Other times, families are looking to their current plans up-to-date with addendums and codicils. The idea behind this process is to make a change to a plan already in place.
Sometimes, plans and family dynamics makes things more complicated. Not to worry, these issues can be handled with preparation and planning too.
For example, the process of funding a trust, transferring property, incorporating a trust for a family cabin or business, and related issues to reduce the risk of probate.
Additionally, you will find postings about inheritance taxes, IRA transfers, gifting, and transfer on death deeds.
When we die, the process turns from estate planning to estate administration.
Here, you will find other postings about formal probate, informal probate, and trust administration.
Other posts will address a review of Minnesota estate statutes, guardianships, end of life issues, and related matters.
So you know, I am very grateful to those offering comments and sharing these posts with other people.
Otherwise, if you or a family member needs help with an issue in Minnesota, please contact this law office for one-on-one attention.
Nuclear war impacts estate plans. From timing to document storage and access, here are a few tips and issues to consider before nuclear [Read More]
The GST Tax is somewhat defined under Chapter 13 of our tax code. The name of the game is finding ways to reduce estate taxes that [Read More]
There are 5 categories of an EDB or Eligible Designated Beneficiary. As described in Section 401(a)(9)(E)(ii) of the code, an EDB is: The Surviving Spouse [Read More]
The life expectancy for older generations appear to be changing when compared to younger generations. Using mortality tables from the Internal Revenue Code, there is [Read More]
Registered Agents and trustees serve a business in different capacities. An agent’s job is to be available for service of process while trustees [Read More]
Trust types are as endless as paint colors. You never know until it dries. For this reason, starting with a trust goal is more significant because [Read More]
Health care needs for all people, especially those 60 and over or with a chronic underlying condition are encouraged to immediately review their estate [Read More]
Older Adults were never asked what they thought about being labeled as old. It goes without saying that people 60 years and wiser can make decisions too. [Read More]