» Estate Planning

As the name suggests, ABC’s TV show Modern Family depicts the relationships and experiences between a fictional extended family. Throughout the course of the series, the show addresses many issues that families deal with each day. For a close-knit… Read More

In the United States, gift taxes are imposed in some states and at the federal level. As of 2023, Minnesota does not have a gift tax. Minnesota does, however, have a three year lookback for taxable gifts. So, what are taxable gifts? Taxable Gifts Any… Read More

We live in a litigious society. Unfortunately, even family members sometimes file lawsuits because they are dissatisfied with what their parents or loved ones leave them in a will or trust. Some are so disgruntled that they decide to contest or chall… Read More

If you’re a Minnesota farmer, it’s important to understand the various aspects of estate planning in order to maximize your estate tax savings and minimize your financial burden. Post-mortem estate planning is an effective way to reduce e… Read More

If you’re the type of parent who likes to plan ahead, then naming your children as trustee of your trust might make a lot of sense – but only if they’re fully prepared to take on such an important role. Before deciding whether or not it’s… Read More

It’s winter in Minnesota. Are you getting ready to embark on your next warm-weather great adventure? Before you zip up the last suitcase, here are five issues you need to address to protect yourself and your loved ones. 1. Do you have a foundat… Read More

Getting a traffic ticket is never fun, but usually the irritation of it is relatively short-lived if it is taken care of promptly. If you have recently received a ticket, you may have the following questions about it. What does it mean? When you rece… Read More

If you have life insurance, a 401(k), or a bank account, you have almost certainly already completed beneficiary designations. If something happens to you those designations will control how the account or other asset is distributed upon your death e… Read More