Whether it is due to financial immaturity, a disability, or concerns about your child’s spouse… there are solutions to ensure that the inheritance you are leaving behind for your adult children is...
What Is Trust Administration?
Ethan had signed the paperwork to establish his dynasty trust. He transferred ownership of assets and cash to fund the trust. He understood that his trustee would take over now and handle the trust ad...
Is My Out-of-State Estate Plan Valid in Minnesota?
It’s a well-known fact: states within the United States have their own identities, their own cultures, and even their own laws. What works in Minnesota may not work in Kentucky, and vice versa. When...
Trusts That Fit Your Lifestyle
Dan and Jean S. own a successful family business that was founded over 100 years ago. Max B.’s estate currently is worth more than $12 million. Sean’s 30-year old daughter suffers from multiple sc...
Setting Up an Offshore Asset Protection Trust
Shannon L., a medical doctor practicing in Minnesota, has made some tough decisions in her life. Working in a high-risk profession, she is concerned about protecting her assets from civil judgments. S...
Do You Need a Dynasty Trust?
It is tempting. The possibility of leaving your mark for generations to come has a certain appeal. Estate planning strategies like dynasty trusts can let you do just that. However, do you need a dynas...
What Does a Trust Protector Do?
A trust protector is an independent person or institution with authority over certain aspects of a trust. The main role is making sure the wishes of the person who established the trust (the settlor o...
Are My Beneficiary Designations Important?
David’s family was relieved to realize he had completed an estate plan several years before his death at age 72. However, their relief turned to dismay as the estate’s personal representative bega...
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 ...
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...