Estate come in all shapes and sizes. Some people leave behind property worth millions while other estates may contain only property with high sentimental value. Either way, personal representatives ha...
Will Your Minnesota Trust Owe Income Tax
Anyone who earned income in the United States is expected to file a federal income tax return every year. Whether the individual actually owes tax or not is determined by the type of income they earne...
Guardianship vs. Conservatorship: What’s the Difference?
When people are no longer able to care for themselves, someone steps in to act on their behalf. Maybe you have already faced this situation with a loved one: mom or dad need more assistance as they gr...
Reasons to Choose a Testamentary Trust Over a Living Trust
We often face important choices that can result in life-changing results. In estate planning, which is already heavily vested in life and death, you may find yourself comparing estate planning tools. ...
Probate How-To: When the Decedent Owned Property in Multiple States
When someone dies, the property they leave behind usually becomes their estate. But their estate must follow a certain process in order to be transferred to their heirs. Their estate must go through p...
Spousal Lifetime Access Trusts May Offer the Flexibility You Need
Being married has its perks. Even in the estate planning field, married couples may have access to sophisticated tools and strategies that don’t work for single people. The spousal lifetime access t...
Minnesota Real Estate Disclosure Laws
When it came time to buy a house, Jordan and Kaylie were at a loss. They had never bought anything so important or so costly. After their offer was accepted, they began wading through the paperwork. T...
Save Money with a Solid Estate Plan
It may seem oxymoronic – spending money to save money. However, when it comes to estate planning, you can’t be too careful. After all, your estate plans may affect the lives of your loved ones for...
Corporate Formalities: Boring but Necessary
In December of 2018, the Supreme Court of the State of Ohio decided an important case involving following corporate formalities. At the center of controversy in this case was the control of an O...
Transferring Business Interests to a Trust: Is it Always a Good Idea?
Trusts are common, powerful estate planning tools. People can transfer various kinds of assets to various types of trusts for a number of reasons. Business owners, however, may stop short when thinkin...