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Estate Planning 101

Minnesota Homestead Classification

by Jayne Sykora November 20, 2014 Estate Planning 101

In Minnesota, many homeowners can qualify their primary residences for homestead status. By classifying a piece of property as a homestead, the property may qualify for a reduced classification rate, a reduced taxable market value, […]

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Is Your Estate Plan Too Specific?

by Jennifer Santini November 12, 2014 Estate Planning 101

Estate planners do encourage clients to be specific with their various bequests within their estate plan. When describing gifts of both real and tangible personal property or defining beneficiaries, we want the assets and individuals […]

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Small Business Succession Planning – Things to Consider

by Phillip Christenson November 6, 2014 Business

What is Succession Planning? Simply put, succession planning is the process of transitioning key people within a business so that the business can continue to operate after the owner or key executives leave. Think of […]

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In the News – Planning for Digital Assets

by Jennifer Santini October 26, 2014 Estate Planning 101

“Protecting Your Afterlife in the Digital Realm” Once again the discussion about planning for your digital assets received national attention on CBS Sunday Morning.  The segment features various companies* that are helping individuals protect their […]

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Are you a Minnesota Resident?

by Jennifer Santini October 23, 2014 Estate Planning 101

We’ve said before that Minnesota is not a favorable state in which to die because of the state’s estate tax laws. Some believe that the same is true for other tax reasons as well. While […]

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Cabin LLCs: The Basics

by Jayne Sykora September 25, 2014 Business

For many, cabins provide an opportunity to get away from it all, to spend time with family and friends (maybe beside a body of water) and decompress from daily life. Unfortunately, cabins can also cause […]

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Dividing Up Your Estate at Your Death

by Jayne Sykora September 9, 2014 Estate Planning 101

For some, as they prepare their Wills, it is a pretty clear cut decision on who will receive what and how much. For example, most married couples with children will first leave everything to each […]

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Godparents & Guardians: Two Different Roles

by Jayne Sykora August 22, 2014 Estate Planning 101

I often hear in conversation (and I once believed this too!) that if a minor child has godparents, then the same people will be legal guardians of the child if something happens to the child’s […]

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Robin Williams’ Estate: Subject to California Probate?

by Kim Prchal August 19, 2014 Estate Planning 101

As everyone mourns the death of Robin Williams and reflects on his tremendous talents, we estate planning attorneys can’t help but wonder, did Robin Williams do any estate planning? It is apparent that Robin Williams […]

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Supreme Court Rules on Inherited IRAs

by Jamie Held July 17, 2014 Estate Planning 101

On June 12, 2014, the U.S. Supreme Court ruled on a divisive bankruptcy and estate planning case.  At issue was whether an individual retirement account (“IRA”) that a debtor inherited was exempt from the debtor’s […]

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Review, Review, Review!

by Jennifer Santini July 3, 2014 Estate Planning 101

When we assist clients with drafting their estate plans, we try to draft a plan that will grow and evolve with them overtime. However, this does not mean that clients should stick their plans into […]

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