EDB or Eligible Designated Beneficiary
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]
Category: Trusts and Succession Planning
Trusts should always take a holistic view of a client’s unique circumstances. This law office helps Clients to establish trusts tailored to their particular needs and wishes, taking into any account business requirements, family specifics, and relevant risk factors.
Trusts and Succession Planning
Separate Trusts for Retirement Benefits Sometimes Stink
Separate trusts for retirement benefits is a common question amongst families wishing to transfer an IRA or 401(k) onto children or grandchildren. Often the [Read More]
Registered Agents for a Business in Minnesota
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 and Trust Goals Are Not The Same
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]
Living Trust: My 1⃣ Sentence Definition
A living trust in Minnesota is as simple as creating a piece of paper that outlines transfer rules and beneficiaries. The trustee of a living trust has the [Read More]
4 Big Risks Before Transfering a House Into a Trust
Transfering a house into a revocable trust in Minnesota calls for a review of 4 or 5 big issues. This includes deed review, mortgage documents and [Read More]
Trust Drafting Is Easier Than You Think, And Sometimes Not
Trust drafting is as complicated as one’s family dynamic. Whether you consider yourself smart, educated, uneducated, white collar, blue collar, a single parent, prudent or [Read More]
8 Ways to Make an Estate Gift to Your Church
Patrons wishing to make a gift to their church are running into problems when they try to incorporate wishes into an estate plan. Luckily, there [Read More]