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What Kind of Wills Are Valid in Minnesota
March 21, 2018Virtus LawNo CommentsCategories: Articles, Estate PlanningTags: Estate Planning, Minnesota Law, Will

What Kind of Wills Are Valid in Minnesota?

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...

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How Spendthrift Provisions Work
February 28, 2018Virtus LawNo CommentsCategories: Articles, Estate PlanningTags: Estate Planning, Minnesota Law, Spendthrift, Trust, Will

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 ...

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Minnesota Shareholder Rights
February 14, 2018Virtus LawNo CommentsCategories: Articles, BusinessTags: Corporations, Minnesota Law, Shareholder, Shareholder Rights

Minnesota Shareholder Rights

Two business entities typically have minority shareholders:  a corporation or a limited liability company (LLC). In any situation where majority shareholders and a minority shareholder disagree, the ...

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Minnesota Shareholder Rights
February 12, 2018Virtus LawNo CommentsCategories: Articles, BusinessTags: Letter of Intent, LOI, Minnesota Law, Real Estate Transaction, Real Property

Minnesota Letter of Intent Law

The parties involved in a transaction both have things they want or need. Every part of their negotiation is important to the success or failure of the deal. A letter of intent prepared and signed by ...

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Minnesota’s New Minimum Wage Standard
December 27, 2017Virtus LawNo CommentsCategories: Articles, BusinessTags: Business, Minimum Wage, Minnesota Law

Minnesota’s New Minimum Wage Standard

Minimum wage rates are being debated nationwide and in our own state. Laws often change to reflect new societal attitudes and conditions, and Minnesotan laws are no exception. Business owners may be c...

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3 Reasons to Sign a Health Care Directive
December 22, 2017Virtus LawNo CommentsCategories: Articles, Estate PlanningTags: Estate Planning, Health Care Directive, Medical Care, Minnesota Law

3 Reasons to Sign a Health Care Directive

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...

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Changing Your Business Structure
December 19, 2017Virtus LawNo CommentsCategories: Articles, BusinessTags: Business Structure, Change, Entity, Minnesota Law

Changing Your Business Structure

Every business is set up as specific type of legal entity, like a partnership, corporation, or sole proprietorship. Occasionally, the nature of a business will change, necessitating some organizationa...

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A Short Guide to the Minnesota Revised Uniform Fiduciary Access to Digital Assets Act
December 15, 2017Virtus LawNo CommentsCategories: Articles, Estate Planning, TechnologyTags: Digital Assets, Estate Planning, Minnesota Law

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, ...

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