Last fall, I covered the basics on conservatorships (see: Conservatorship Basics Part 1 and Part 2). As a review, a conservatorship is needed when an adult individual is impaired to the extent of lacking sufficient understanding or capacity to make or communicate responsible personal decisions, and who has demonstrated deficits with managing property and business […]
Minnesota and the UTC
February 19, 2015
The 2015 Minnesota Legislature may adopt the Uniform Trust Code. The proposed legislation would provide new rules regarding the administration of trusts, codify some common laws and clarify procedures available to those involved with the administration of trusts. Take a look at this review on JD Supra that outlines the changes and impact that the proposed legislation will have […]
In the News: Facebook’s Legacy Contact
February 16, 2015
Last week, Facebook announced that users of the social media website could designate a “legacy contact,” who would be able to control and manage the user’s Facebook page once the user passed away. The legacy contact would have some limitations to what they can do with the user’s account but they would be able to […]
Timeshare Exit Strategies
February 5, 2015
Over the last few years, I have had a few clients who own timeshares. A timeshare is typically a resort of units in which multiple parties hold rights to use the property and each owner is given a specific period of time (i.e., one week per year) in which the owner may use the property. […]
To Amend or Just Start Over?
February 3, 2015
If you have a current estate plan, as you know, we recommend that you review it on a regular basis. If there are changes that need to be made, it can be done through an amendment or codicil or through drafting the plan from scratch. Clients often think it is easier (and cheaper) to do […]