» Estate Planning

Until recently, Minnesota was one of a few states that did not offer any tax incentives for 529 college savings plans. New legislation, passed as part of the 2017 omnibus tax bill, allows either a credit or a deduction for Minnesotans saving for coll… Read More

After tumultuous regular and special sessions, the Minnesota Legislature sent a number of bills to Governor Dayton last week. On Tuesday, Governor Dayton announced he would allow H.F. 1, the omnibus tax bill, to become law by not vetoing it (he later… Read More

Comedian Stephen Colbert popularized the term “truthiness”, defined to mean “the quality of seeming or being felt to be true, even if not necessarily true”. For “probate”, truthiness abounds! Here are three myths, and three truths about t… Read More

Minnesota’s elderly population will double in the coming decades. A growing concern with the rising amount of elderly Minnesotans is protecting them from financial exploitation. Financial exploitation is the misuse or taking of assets from a vulner… Read More

When most people hear about estate planning for pets, they think about Leona Helmsley and her little dog, Trouble. Trouble was the beneficiary of a $12 million trust fund established by Helmsley, which was later reduced to $2 million following a cour… Read More

There are many ways to express love for your special Valentine. While roses and chocolate are always a good standby, estate planning can also be from the heart. An “I Love You” will is a common type of will that is used by estate planning… Read More

On January 1, 2017, both the Minnesota and federal estate tax exemptions were updated for decedents dying in 2017. The federal estate and gift tax exemption is $5.49 million per individual (up from $5.45 million in 2016). The Minnesota estate tax exe… Read More

A transfer on death deed is type of deed that only becomes effective after a person has died. It essentially allows Minnesota property owners to put a beneficiary designation on real estate much like they would a bank account or other asset. The tran… Read More