Every estate planning document has a purpose. A Last Will and Testament directs a personal representative to manage and distribute the signer’s assets after death. A power of attorney allows a perso...
Including Personal Property in Your Estate Plan
When we think of bequests in a will, we may think of eye-catching headlines about an individual who leaves $10 million to a favorite cousin – or to their cat. But bequests can also cover any propert...
A Short Guide to the Minnesota Revised Uniform Fiduciary Access to Digital Assets Act
When someone passes away, they leave behind a lifetime of possessions, personal property, and even an online footprint. Now, in addition to the tangible assets of the estate like retirement accounts, ...
Asset Protection Opportunity: Retirement Trust
If you’re considering organizing your assets in a way that will let you maximize your retirement savings, you’ve probably considered setting some aside in an individual retirement trust. These tru...
Details of Minnesota’s Medical Assistance Program for People over 65
If you’re approaching you 65th birthday, you’re probably very interested in how your healthcare costs and plan are going to change and how Minnesota’s Medical Assistance (MA) program factors int...
Life Insurance as a Tax Favored Investment Tool
Planning for retirement and maximizing their estate is a big financial priority for many clients. Whether it’s maximizing social security income or planning to retire completely from their own savin...
What is a Gun Trust?
When you visit an attorney to make an estate plan, the first thing you’ll do is discuss your assets and how you would like those passed to loved ones. A common asset many people in Minnesota have is...
What is a Foreign Asset Protection Trust
A trust is an estate planning tool where you create a legal entity that holds your assets. In a lot of ways, it’s like a business, except instead of managers it has fiduciaries and beneficiaries. Wh...
The Problems with Prince’s Estate
Prince, iconic singer and performing artist, left behind an estate valued at $200 million (although approximately ½ of this will go to taxes). After his death last year without a will, the battle ove...
An Overview of Minnesota’s Medicaid Program: Medical Assistance
In Minnesota, our Medicaid program is called Medical Assistance (MA) and covers over 700,000 low-income individuals including children, pregnant women, and adults. It also covers those over 65 and ind...