Estate plans are not a one-size-fits-all game. You may need a simple Will for a simple estate. People with more complex estates need an estate plan that covers all the bases. Advanced estate plans may...
Dying Without a Will: Intestacy Laws in Minnesota
A Last Will and Testament is one of the most important documents you’ll ever sign. And, yet, only about 44% of Americans have signed Wills. That statistic also doesn’t tell us if their Wills have ...
How to Easily Integrate Asset Protection Trusts into Your Estate Plan
Asset protection has become a common goal of estate planning. Asset protection trusts come in many different forms and can be used to protect property for your use and benefit as well as for the ben...
What Minnesota’s Omnibus Tax Bill Might Mean for You
A controversial law signed in 2017 portends big changes for Minnesota residents. Minnesota’s Omnibus Tax Bill, the first major tax legislation since 2014, addresses a number of issues. It’s import...
What Kind of Wills Are Valid in Minnesota?
Leaving a Will is a person’s way of telling the world how they want their estate assets to be handled. However, signing a Will that does not meet the legal requirements of a valid Will means that yo...
Pros and Cons to Forming Family Limited Liability Companies
Family business ownership is an integral part of American history and commerce. In fact, about 90% of American businesses are family-owned. Business and families have varied purposes, so it should com...
Pre M&A Considerations Part 1: Preparing to be Acquired
MSPradio excited to bring you a two-part series with Thomas M. Fafinski, Co-Founder of Virtus Law, to share insights and key considerations for M&A in the managed IT services market. On this Part ...
Thomas M. Fafinski to Teach Estate Planning to Real Estate Investors
Thomas M. Fafinski to Teach Real Estate: How to Leave a Legacy for Kaplan University Thomas M. Fafinski has once again been asked to teach a continuing education on legacy planning with real estate. ...
How Spendthrift Provisions Work
A well-written, complete estate plan gives the maker a sense of contentment, peace of mind, and accomplishment. However, while drafting a Will or trust, people may ask themselves some tough questions ...
What Is Indemnification?
Fine print. Seems like contracts are full of it. The clauses and provisions that make up a contract each have a specific purpose, though. Indemnification, for example, is often used to protect a party...