3 Asset Protection Tips You Can Use Now A common misconception is that only wealthy individuals and people in high-risk professions, such as doctors or lawyers, need an asset protection plan. However, anyone can be sued. A car accident, foreclosure,…
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The Ultimate Guide to Minnesota’s $2 Million Family Farmland Deduction How to Protect Up to $10 Million of Farmland from Minnesota Estate Taxes Are you a Minnesota farmland owner with property worth more than $3 million? If so, the Minnesota Family…
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Beware of Trust Scams—and How to Spot Them Trusts are widely used in estate planning to protect and transfer a person’s assets (money, accounts, property, etc.), sometimes in a tax-advantaged manner. Some trusts are highly complex, with multiple…
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What Julius Caesar, Alexander the Great, and a Minnesota Schoolteacher All Had in Common (And how their estate plans fell apart.) You might not think you have much in common with Julius Caesar, Alexander the Great, or King Henry VIII. They ruled empi…
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The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits Many people believe that once they set up a revocable living trust and change the ownership of their accounts and property from themselves as individuals to their trust, those…
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Life Estate versus Right of Occupancy Trust: Which Is Right for You? Planning for the future of your home can be complicated, especially when you want to ensure that a loved one can continue living there after you are gone. Two common tools for accom…
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Lessons from Warren Buffett’s Estate Plan: Generosity, Adaptability, and Transparency Warren Buffett, known as the Oracle of Omaha, is one of the most successful investors of all time. His disciplined approach to investing, combined with his unders…
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Money Isn’t Everything in Estate Planning How to Pass Your Stories and Values to Future Generations Money and property may be the most discussed types of wealth that a person owns, but the riches of their experience and wisdom can mean even more to…
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How to Give Real Property to a Loved One at Your Death Without Probate Court Involvement A home is often one of the most important assets that people own. Therefore, most people want to stay in their home until they die and then have a loved one rece…
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Who Needs an Estate Plan? If you are reading this, you need an estate plan. Why? The short answer is that everyone age 18 and older needs an estate plan. It does not matter whether you are old or young, have built up considerable wealth or are just e…
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