COVID-19 has shown everyone just how precious and short life really is. It’s shown our country how quickly our normal routine can be uprooted, and how rapidly things can change. An estate plan is on everyone’s to-do list, but many have yet to cro…
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As the novel coronavirus COVID-19 continues to disrupt our daily life and leave us uncertain of the future, you don’t have to feel helpless during this pandemic. In fact, now is a great time to be proactive and plan ahead should you or a loved one…
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We’ve previously discussed the income and asset limits required in order to qualify for Medical Assistance. The asset limit for an individual is $3,000.00 and $6,000.00 for a couple. Thus, many individuals and couples are tasked with reducing exces…
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After passing in the House earlier this year, the SECURE Act stalled in the Senate. The SECURE Act is now expected to clear Congress and be on the President’s desk for signature by the end of this week. Among many profound changes to how retire…
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The Minnesota legislature just passed a new law relating to Electronic Certificates of Value, more commonly known as “eCRVs”. Under the current legislation, an eCRV must be filed when Minnesota real property is sold or conveyed for consid…
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We’ve previously discussed how a Transfer-on-Death Deed (“TODD”) can be a good tool for avoiding probate and simplifying the estate administration process in certain circumstances. We know that in order to be valid, a TODD must expressl…
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Our office provides a variety of real estate services, including title and closing services. Buying or selling real estate requires transferring title with a deed and recording it with the county recorder’s office in which the property is located.…
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We’ve previously discussed planning for long-term care in a nursing home. This post will focus on planning for long-term care when assisted living or community-based services are required. Elderly Waiver (“EW”) is a federal Medicaid waiver prog…
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It’s that time of year again. Summer vacation is winding down, the kids are going back to school, extra-curricular activities are ramping up, the weather is (finally) cooling off, and the leaves are beginning to change. We recommend reviewing your…
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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…
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