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October 11, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

What is the difference between a will and a trust in Minnesota?

A will is basically a letter to the Court explaining how you want your assets to be distributed following your death. The only one who listens to a will is a probate judge. The only place it is valid ...

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Estate Planning Before a Major Health Event
October 7, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

Estate Planning Before a Major Health Event

Receiving a health diagnosis or learning that you need to undergo major surgery can cause substantial disruption in your day-to-day life. During this time, the last thing you may want to think about i...

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Modernizing an Outdated Estate Plan in Minnesota
September 29, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

Modernizing an Outdated Estate Plan in Minnesota

Estate plans evolve. Or at least they should. Any plan that doesn’t match your current financial and family circumstances may be out of date and in need of an overhaul. We can help you revitalize th...

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Should your family know about your estate plan?
August 19, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

Does your family know about your estate plan?

Should your family know all the details of your estate plan? You might have worries over stirring up family tension, or perhaps the subjects of powers of attorney and healthcare directives aren’t th...

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How do your online accounts fit into your estate plan?
August 11, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

How do your online accounts fit into your estate plan?

How do digital assets factor into estate planning? When someone passes away, an executor gathers, protects, and manages a deceased person’s estate assets. That’s hard to do with digital assets. Hi...

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Estate Plan Executors
August 8, 2022Virtus Law PLLCNo CommentsCategories: Articles, Estate Planning

Estate Plan Executors: Is This You?

Have you been asked to serve as an executor on an estate plan? Or perhaps you are trying to decide who should be the executor on your own estate plan. Below are a few things you should know about the ...

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Estate Planning for the Blended Family
March 22, 2020Virtus LawNo CommentsCategories: Articles, Estate Planning

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....

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Is Trust-Based Estate Planning the Way to Go?
March 16, 2020Virtus LawNo CommentsCategories: Articles, Estate Planning

Is Trust-Based Estate Planning the Way to Go?

As Jennifer researched “Wills” online as she pondered her estate plan. Then she ran across some articles about will-based and trust-based estate planning. After a little more research, she found h...

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Single? There’s an Estate Plan for You!
March 2, 2020Virtus LawNo CommentsCategories: Articles, Estate Planning

Single? There’s an Estate Plan for You!

Sometimes it seems estate planning focuses on married couples to the exclusion of singles. But unmarried people have just as much to gain from estate planning as a couple. In fact, spouses and singles...

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Will Your Minnesota Trust Owe Income Tax?
February 24, 2020Virtus LawNo CommentsCategories: Articles, Estate Planning, Tax

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...

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