Trust Duration And Timing
Trust Duration or the amount of time a revocable trust can last is dependent on State Law of the Grantor and or Beneficiary. Here is one of
IAJ LAW, LLC
Attorney and Law Office
IAJ LAW, LLC
Attorney and Law Office
Tag Beneficiary
Beneficiary designations and succession plannings is as or more important than other estate planning documents. Issues range from naming, the division of property, and delegating rights.
Social Security Increase for Beneficiaries
A Social Security increase is occuring for beneficiaries, who can expect a 3.2 percent boost in their monthly payments for the upcoming year. This is according to the Social Security Administration’s (SSA) announcement on October 12. The cost-of-living adjustment (COLA)…
Estate Planning for a Family in Osseo
Estate planning in Osseo Minnesota introduced me to the charm of the town, the Lions' Roar, and a beautiful military monument and memorial.
Thrift Savings Plans and TSP Beneficiary Forms
Thrift Savings Plans and their accompanying beneficiary forms can cause unintended pitfalls for our military and civil service families
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 A minor child of the participant (but only until the age of majority is reached,…
Change an Estate Plan: A List of Good Reasons
Change to an estate in Minnesota is supported when the Settlor is of sound mind. Here are a few reasons why people are making changes to their estates in MN
Your Half Sibling Might Inherit More Than You Bargained For
A Half sibling in Minnesota can inherit just as much as your full or whole blooded sibling. Surprising, right? For some, yes. For others, like Prince’s half-siblings, not so much. In Minnesota, we have statute 524.2-107, which says: Relatives of…
10 Really Complicated Informal Probate Steps
There are ten (10) informal probate steps in Minnesota. Some folks need help from an estate attorney, while others do not. Nonetheless, lets quickly address a few quick steps to assist with this process. So you know, everybody asks: what…
I Have No Will Because I Can’t Make Up My Mind
Dying with no will makes sense for some, but does it really? Recently, I met with a person who didn’t want a will because they couldn’t identify who should receive their stuff. This particular person was unmarried and had no…
IRA Rollover Into a Trust Can Be a Huge Mistake
The rules for an IRA rollover change on an annual basis. Because an IRA cannot be owned by a trust outright, this post is about identifying a spouse as a beneficiary of an IRA and thinking through who or what…