Estate Planning

Unfortunately, too many people in Minnesota procrastinate about estate planning. This sometimes means that people die without a will, or intestate. Without an executed will, state and local laws arbitrarily manage the distribution of assets. This process generally...

Minnesota residents who would like to leave a part or all of their estate to organizations that support their favorite causes may consider using charitable trusts. As estate planning tools, trusts can provide attractive tax incentives for the donors. While charitable...

Minnesota residents should make sure that their estate plans include provisions for their digital assets. Doing so can prevent surviving loved ones from having to handle the frustrating and sometimes expensive process of properly managing the digital assets left...

According to a 2016 survey from Rocket Lawyer, 64 percent of Americans don't have a will. While those living in Minnesota could struggle dealing with their own mortality, estate planning can make it easier for survivors to carry out a person's final wishes. An estate...

Some spouses in Minnesota may wonder how their debts will impact others after they pass away. Debts can accumulate as a person reaches the end of life, especially if medical bills begin to escalate. However, it is important to understand the relationship between debt,...

People in Minnesota should review their estate plans to see if there are indications that it may not be as effective as they want it to be. This is particularly important if it has been some years since the estate plan has been completed and if it has not been...

People in Minnesota considering the distribution of their assets and properties after death often consider the use of a trust when devising gifts to minor children and other young people. The estate planning process can include the use of a range of instruments,...

Some Minnesota parents who are creating an estate plan and who have adult children might want to consider putting the assets in a trust. While it is common to do this for minor children, people might not think about how responsible their adult children will be with...

Minnesota residents should be aware of how the 2017 Tax Cuts and Jobs Act will impact estate planning. One of the more significant aspects of the tax legislation is that it gives taxpayers the chance to transfer a substantial amount of money without being assessed...