Peter and Carolyn M. want to update their estate plans. It has been 20 years and all their documents are outdated. They also each need to prepare a health care directive. When it came time to name hea...
What is a GRAT?
It sounds like a character from the movie Guardians of the Galaxy, but it’s not. No, GRAT stands for Grantor Retained Annuity Trust (GRAT). For some, this type of trust can make a big difference in ...
Good Contracts = Good Business Relationships?
Does having a good contract in place mean the end to business disagreements? No. However, it might make them less likely to occur. At the very least, a strong contract will set out ways to handle disa...
Minnesota Partnerships: Choosing the Right Type
Sometimes choosing between two or more choices doesn’t take a lot of thought process. For example, you only have to think about taste when picking between vanilla and chocolate ice cream. But what a...
2019 Estate Tax and Gift Tax Limits
It seems that taxes permeate our lives. From sales tax to income taxes, we’re always facing another tax. Two taxes specifically affect estate planning: estate tax and gift tax. The Internal Revenue ...
3 Little Known Benefits of Trusts
Chances are, you’ve heard of trusts. You may know that trusts are used for estate planning but have a very vague idea of how they actually work. In fact, even people who have formed a trust may not ...
Asset Protection Best Practices: How to Save Your Stuff
After spending so much time and effort accumulating your ‘stuff,’ doesn’t it make sense to protect it the best you can. Using asset protection best practices, you may be able to help yourself an...
Evaluating Your Minneapolis Commercial Real Estate
Commercial property owners assess their properties from time to time. Of course, that real estate may be evaluated from several different viewpoints. In this article, we will focus on evaluating your ...
Will Minnesota Antitrust Laws Affect Your Merger or Acquisition?
A lot goes into a merger or acquisition. Companies generally look at the deal from every angle to make sure the deal is advantageous. Numerous rules, regulations, and laws may apply to transaction, in...
Estate Planning for the Blended Family
Families are becoming more complex. Sometimes a newly-married couple each have children from previous marriages, and plan to have more. Other couples marry later in life when both have adult children....