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Nuclear War Estate Planning

Skipping GST Tax or Working Around It?

Thrift Savings Plans and TSP Beneficiary Forms

VA Look Back Rule Impacts Benefits

When Tips & Unemployment Go Bad

Unemployed and Homeless

Category: Estate Planning

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.

Edina Planning

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.

Estate Planning Goal

I believe everybody has a basic need for a plan.  Having a plan alleviates problems, stress, and hopefully conflict.

Estate Planning:  A Simple Plan

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.

More Complicated Estate Plans

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.

Estate Planning Turned Probate

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.

Please Share with Others

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

Nuclear War Estate Planning

Posted onMarch 2, 2022

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]

CategoriesEstate PlanningTagsDeployments

Generation Skipping Tax

Skipping GST Tax or Working Around It?

Posted onFebruary 17, 2022February 17, 2022

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]

CategoriesElder Law, Estate Planning, News and Articles, Trusts and Succession PlanningTagsDeath Taxes, Estate Taxes

5 Types of an Eligible Designated Beneficiary

EDB or Eligible Designated Beneficiary

Posted onJuly 18, 2021July 18, 2021

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]

CategoriesEstate Planning, Trusts and Succession PlanningTagsBeneficiary, SECURE ACT

Data showing life expectancy

A Shorter Life Expectancy for the Young?

Posted onApril 8, 2021April 8, 2021

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]

CategoriesElder Law, Estate PlanningTagsLife Expectancy, Retirement

Registered Agents for a Business in Minnesota

Posted onApril 18, 2020April 18, 2020

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]

CategoriesBusiness Law in Minnesota, Estate Planning, Trusts and Succession PlanningTagsBusiness Creation, Trustee

Trust Types and Trust Goals Are Not The Same

Posted onApril 10, 2020April 10, 2020

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]

CategoriesEstate Planning, Trusts and Succession PlanningTagsRevocable Trusts, Trust Types

Health Care Needs And Changing Estate Documents

Posted onMarch 22, 2020March 25, 2020

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]

CategoriesEstate PlanningTagsHealth Care Directive, HIPPA

Older Man Dancing

Older Adults Respond to the CDC

Posted onMarch 10, 2020November 14, 2020Leave a comment

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]

CategoriesEstate PlanningTagsGuardian, Health Care Directive

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IAJ LAW, LLC

Phone: 952-222-9462

PO Box 24227
Edina, MN 55424

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IAJ LAW, LLC

Phone: 952-222-9462

PO Box 24227
Edina, MN 55424

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