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Real Estate

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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Division of Assets in Divorce

by Zach Wiegand February 17, 2014 Estate Planning 101

When a couple determines that it is time to end their marriage, what should be the easiest part of the divorce process can, and often does, turn into one of the most contentious: the division […]

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Gift of Real Estate to Religious Corporations

by Robert Beutel February 3, 2014 Estate Planning 101

Gifts of real estate to religious bodies are rare, but frequently the donee is mis-identified. Many churches are known by abbreviated versions of their full name, e.g., “St. Jude’s Catholic Church” is actually “The Church […]

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Property and Revocable Trusts – MN Estate Tax Update

by Maggie Green October 23, 2013 Estate Planning 101

Individuals that own property in multiple states often consider placing the property into a revocable trust for planning purposes. While this can be an effective planning technique, there are some important points to consider. For […]

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Cancellation of Debt

by Jayne Sykora October 10, 2013 Real Estate

We have written here at Epilawg about a handful of tax topics, mostly related to estate or gift taxes. What has not been discussed is cancellation of debt (C.O.D.) taxation, which could have quite an […]

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Appraisals

by Jayne Sykora September 16, 2013 Probate

Oftentimes, some property in a decedent’s estate will be unique and difficult to value, like: a business, artwork, jewelry, collectibles, or real estate. Oftentimes the value will be needed to help complete an inventory in […]

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Avoiding Power of Attorney Abuse

by Maggie Green July 26, 2013 Incapacity Planning

In a previous post I spelled out the basics of the changes made to Minnesota’s Statutory Short Form Power of Attorney that will take effect January 1, 2014. As I mentioned, many of these changes […]

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Affidavit of Identity and Survivorship

by Jayne Sykora June 27, 2013 Estate Planning 101

In a previous post, I have detailed what it means to own real estate as joint tenants. The lengthier terminology for this type of titling is joint tenants with rights of survivorship. This means that […]

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Summary of changes to the MN Statutory Short Form Power of Attorney

by Maggie Green June 19, 2013 Estate Planning 101

Minnesota’s legislators have been busy working up new and exciting changes to Minnesota’s estate planning landscape. Perhaps less controversial and less exciting, (and, some would argue, more concrete) than the new Minnesota Gift Tax, this […]

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Minnesota Gift Tax 2013

by Maggie Green June 3, 2013 Estate Planning 101

Last month, the Minnesota Legislature passed the Omnibus Tax Bill.  Erik Doerr wrote a great overview of the Tax Bill for Epilawg, check it out here.  My article below will focus on the new (or reinstated) Minnesota […]

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Do I need a Trust?

by Maggie Green April 9, 2013 Estate Planning 101

I field this question every day.  My response is always the same, it depends.  So, when should someone consider a Trust-based estate plan*?  Well, here are a few things to consider: Do you own property […]

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