» Estate Planning

How Fast Can a Physician's Estate Exceed $3 Million? Faster Than You Think

How Fast Can a Physician’s Estate Exceed $3 Million? Faster Than You Think If you’re a physician practicing in Minnesota, chances are your estate may already be bumping up against — or exceeding — the state’s $3 million estate tax e… Read More
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Who Really Owns the Farm Equipment? Why It Matters for Estate Planning

Who Really Owns the Farm Equipment? Why It Matters for Estate Planning When it comes to farm equipment, ownership isn’t always as clear as people think. Over the years, machinery gets bought, sold, handed down, or co-owned without much formal d… Read More
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Categories: Estate Planning, Farm

Why Farm Equipment Needs to Be Part of Your Estate Plan

Why Farm Equipment Needs to Be Part of Your Estate Plan When most people think about farm estate planning, they immediately think of land. And that makes sense — land is often the most valuable and essential asset a farm owns. But if you stop there… Read More
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Categories: Estate Planning, Farm

I May Be Gone, But I Still Control My Assets: How a Trust Can Help You Rule from the Grave

I May Be Gone, But I Still Control My Assets: How a Trust Can Help You Rule from the Grave It’s a question we all eventually face: What happens to everything I’ve worked so hard for after I’m gone? While it may feel a little odd to plan for wha… Read More
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Categories: Estate Planning

Should I Buy a Home with Someone Other than a Spouse?

Should I Buy a Home with Someone Other than a Spouse? Rising housing costs, the desire for companionship, and the need to share resources are increasingly leading buyers to consider co-owning a home with someone other than a spouse, such as a friend,… Read More
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3 Asset Protection Tips You Can Use Now

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,… Read More
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Categories: Estate Planning

The Ultimate Guide to Minnesota’s $2 Million Family Farmland Deduction

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… Read More
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Categories: Estate Planning, Farm

Beware of Trust Scams—and How to Spot Them

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… Read More
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Categories: Estate Planning

What Julius Caesar, Alexander the Great, and a Minnesota Schoolteacher All Had in Common

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… Read More
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Categories: Estate Planning, Probate

The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits

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… Read More
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Categories: Estate Planning