Funding Your Trust With Intangible Property
Intangible property can be transferred to a trust with the the intent of protecting the property from creditors or other liabilities.
IAJ LAW, LLC
Serving Estates, Workers, and Veterans
- Phone: 952-222-9462
IAJ LAW, LLC
Serving Estates, Workers, and Veterans
Tag Trust Funding
Funding a trust requires attention to detail. Funding a trust depends on the goal of your trust. To fund a trust, some assets use a form to fund a trust while other assets require
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
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
Bank Records for Estate Planning in 3 Easy Steps
Bank records for a “typical” estate plan can be as as simple as gathering statements. But, the bank we use on a daily basis is hardly the problem. Instead, it’s the checking account opened 20 years ago that people never use,…
Easy Transitions are the Main Idea
Easy transitions are the goals for a revocable trust. In other words, what can we do to help our family make quick and easy decisions without requiring a judge.
Due On Sale Clause can Trigger Balloon Payments
Look at the Due On Sale Clause before utilizing a transfer on death deed in Minnesota. Otherwise, heartaches may follow with the
What If Your Trustee Dies?
What if your trustee dies? Between you and me, I would much rather be in the position of worrying about a trustee dying versus your death. Thus, perhaps working through the situation where the trustee dies is not as bad as…
Signs You Have A Painful Estate Plan
A painful estate plan is one that makes others cringe and shriek. Very likely, you know what I mean. If you do not, here are a few examples to get us going: The plan you made dates back to the…
3 Steps to Fund Revocable Trust in Minnesota
The term fund revocable trust can be scary for some and annoying for others. Because trust laws changed drastically on January 1, 2016, it is critical people fund their trust properly. In Minnesota, the process to transfer your assets into…
For People Who Want to Write a Trust
How do you write a trust? In Minnesota, a trust should be created using a written document that affirms the fact you are transferring your stuff (property, real estate, belongings, etc.) or money to another person or entity on a…