Thinking about the future can bring a mix of emotions, especially when it involves planning for a time when you may need help. It’s a difficult conversation, but it’s necessary for securing your well-being and peace of mind. For many families in Bloomington and the surrounding Twin Cities area, a common concern is what would […]
How Can a Power of Attorney Help Avoid Court-Appointed Conservatorship? Read More »
What Are the Grounds for Contesting My Trust or Conservatorship? Trusts and conservatorships are legal tools designed to manage assets and care for individuals who cannot do so themselves. However, sometimes these arrangements don’t work as intended. You might find yourself questioning the validity of a trust or conservatorship. In Minnesota, you might challenge a
What Are the Legal Steps to Contest a Trust or Conservatorship? Read More »
Revocable or Irrevocable Trusts: Which One Is Right for You Having a trust as part of your estate plan can provide several benefits, such as keeping those assets out of probate and being able to create custom terms for how and when your beneficiaries receive their inheritances. However, there are different kinds of trusts, each
What Are the Key Differences Between Revocable and Irrevocable Trusts? Read More »
Why Is Estate Planning Important for Business Owners? If you own a business, it is easy to become engrossed in day-to-day operations, giving estate planning less attention than other business matters. Nevertheless, a well-crafted estate plan that protects business assets is essential for any business owner. Reasons for proactively putting an estate plan in place
What Estate Planning Strategies Should Business Owners Employ to Protect Their Legacy? Read More »
What Types of Taxes Are Imposed on Minnesota Estates, Beneficiaries, and Gift Donors? Minnesota Estate Tax There is no inheritance tax in Minnesota, as stated by the Department of Revenue. Beneficiaries of an estate are not required to pay taxes on what they inherit. However, Minnesota does impose an estate tax, which is a tax
What Is the Purpose of the Probate Process? Probate is the legal process by which the estate of a deceased person is distributed under the supervision of the court. It involves obtaining authorization from the court to transfer an individual’s property after death. The probate process is designed to ensure the deceased’s debts are paid,
Probate can be a complex and overwhelming process, especially when it comes to determining which assets are subject to probate in Minnesota. Understanding this crucial aspect can help you plan your estate effectively and ensure a smooth transition of your assets to your beneficiaries. 1. Real Estate: One of the most common assets subject to probate
What Assets Are Subject to Probate in Minnesota? Read More »
Life moves quickly, and it’s easy to postpone crucial decisions, especially when it comes to planning for the unexpected. However, for many, the question isn’t just ‘Why is estate planning important?’ but also ‘Is it too late to start?’ The answer is almost universally no, it’s never too late to begin securing your future. Estate
The Importance of Estate Planning: Is It Ever Too Late to Plan Your Legacy? Read More »
Planning for the future isn’t just about documents and signatures—it’s about peace of mind. Whether you’re safeguarding your family, protecting your home, or preparing to leave a legacy, an experienced trust lawyer can help you make confident decisions that stand the test of time. Get Customized Advice Based on Your Family’s Needs Every family is
Why You Need a Trust Lawyer for Effective Estate Planning Read More »
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