Estate planning is often overlooked until it is too late. Our recent article, Where There’s a Will, There’s a…Wait, discusses the negative effects of waiting too long to plan for the future. These include increased expense, court involvement, familial fighting, and your wishes ...Read More

Medical Assistance, Minnesota’s version of Medicaid, provides more than 600,000 Minnesotans with coverage monthly.  Many of these individuals are seniors.  When looking forward to retirement, it is important to consider future health care needs as well as how such needs will be paid for.  ...Read More

If I asked you to define “estate plan,” you would likely tell me that an estate plan is an arrangement for the distribution of your assets upon death. I would award you 1/3 credit. Truth is, all of my clients are generous, selfless individuals: ...Read More

While the 2017 Tax Cuts and Jobs Act (the “Tax Act”) introduced new tax rules affecting high net worth individuals and multimillion-dollar companies, one major change directly affects the rest of us: the increased standard deduction. This article explores the impact of the increased ...Read More

With the federal estate tax exemption currently at $11.58 million for individuals ($23.16 Million for married couples) and the Minnesota estate tax exemption at $3 million, non-tax considerations generally prevail when selecting a particular trust arrangement for the transfer of wealth from one generation ...Read More

Most people have never heard of Minnesota’s laws of intestate succession. Those who have heard of intestate succession probably don’t know exactly how it works. In essence, the laws of intestate function as a default, statutory will, determining how your property will be distributed ...Read More