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...
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 ...
Are Your Season Tickets an Inheritable Asset?
A person’s estate consists of assets they own at the time of their death. Common assets include cash, real property, sports paraphernalia, and jewelry. It can be difficult to characterize some prope...
Our Buy-Sell Agreements May Protect Your Company’s Future
Entrepreneurs usually start a company intending it to continue for an indeterminate, yet lengthy, time frame. Whether thinking of starting a partnership or already co-owner of one, careful planning ma...
National Estate Planning Week: Reminder to Review Your Estate Plan
If you don’t remember how long it has been since you last reviewed your estate planning documents, it’s been too long. The National Association of Estate Planners & Councils, a group devoted t...
Do Your College-Bound Kids Need Wills?
Sending your kids off to college is exciting – and somewhat terrifying. Once you get through the hassles of college admission and financial aid, there’s a long list of things to do and supplies to...
Strategies for Reducing Your Estate Tax Burden
All estates face compliance with Internal Revenue Service estate tax regulations. Only 18 states, including Minnesota, still impose estate or inheritance taxes. Although the Minnesota estate tax rate ...
What to Look for in an Estate Planning Attorney
Everyone needs an estate plan. As Benjamin Franklin said, “By failing to prepare, you are preparing to fail.” Someone with no Will or with an out-of-date Will needs the services of a qualified est...
VIP Member of a Wealth Management Team: Your Directed Trustee
Effective wealth management requires a team of dedicated professionals, people who tailor a plan that pinpoints their client’s financial and legal needs. One client may need a special retirement acc...