Minnesota law provides that if the value of the entire probate estate, determined as of the date of death, wherever located, including any contents of a safe deposit box, less liens and encumbrances, is less than $75,000, then interested persons (as… Read More

The Minnesota ABLE (Achieving a Better Life Experience) Act was passed in 2015. The ABLE Act allows individuals disabled prior to age 26 to create tax-deferred savings and investment accounts. In order to be eligible for an ABLE account, a person mus… Read More

We are featured in this week’s edition of the Post-Bulletin/507 Magazine’s “2019 Best of Rochester” profile series. You can read it here. Read More

The SECURE Act, which recently passed with nearly unanimous support in the House, is now stalled in the Senate. Reportedly, there are a couple senators withholding support at this time. The Senate was hoping to pass the bill with unanimous support. I… Read More

A Minnesota transfer-on-death deed (a “TODD”) is type of deed that transfers ownership of real estate effective only upon the grantor’s death. Think of a transfer-on-death deed as analogous to adding a beneficiary designation to your real estat… Read More

This post is a personal reflection by Jason Wagner. For many, Memorial Day marks the beginning of summer and all it has to offer. Summer is a very special time of year for Minnesotans. It is a time when many of us take advantage of the outdoors, occa… Read More

We’ve discussed how assets pass after death in previous posts on our blog, but how do we know when a probate is actually required? The assets owned by a deceased person can be split into two separate categories: probate assets and non-probate asset… Read More

By default, everyone has an estate plan. There is a common misconception that only the wealthy need an estate plan, but the bottom line is that one way or another, your assets will pass to another person or group of people at your death. There are a… Read More