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...
While Minnesota residents should not be overly concerned about being audited by the IRS, they should be aware of what could prompt an audit. There are multiple factors that can initiate a review of a return. A large portion of the IRS's resources focuses on verifying...
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...
Going to nursing school is a major commitment. You've spent years of your life and thousands of dollars to complete your education, and expensive continuing education classes help you provide patients with the best possible care. Your nursing license and your career...
For many individuals in Minnesota, the benefits of estate planning on personal assets are clear. However, proper planning can be equally important to protect the ongoing longevity of a business. When a business owner passes away, it can be far too easy for a company...
The new Tax Cuts and Jobs Act raised the federal estate tax exemption to $11 million for individuals throughout Minnesota and the rest of the U.S. Married couples can combine their individual exemptions to protect up to $22 million in assets. Therefore, estate...
Some families in Minnesota might become embroiled in disputes over an estate plan if there are stepparents and stepchildren involved. According to one study, only about 20 percent of adult stepchildren say they are close to their stepmothers. Women also have longer...
When it comes to estate planning, the last thing you want to do is make a mistake. If this happens, it could have a negative impact on your family in the future. Fortunately, even if you have made an estate planning mistake in the past, it doesn't necessarily mean you...
Do you use fingerprint technology to unlock your smartphone? It's pretty cool. You don't have to remember a password, and you are the only one who can unlock it. It probably makes you pretty secure about your privacy. Unfortunately, it's not completely secure....
In most cases, Minnesota residents will use the family members who live closest to them as trustees. This person is typically an adult child or other family members who a person has a positive relationship. However, there are scenarios in which a person doesn't have...
Christa J. Groshek - Owner | Managing Attorney | Super Lawyers
Christa J. Groshek - Owner | Managing Attorney | Super Lawyers
Christa J. Groshek - Owner | Managing Attorney | Super Lawyers
