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Taxes

Estate Planning Myth #2: Death Taxes Only Affect the Super Wealthy

by Erika Stein Rosenhagen April 8, 2014 Estate Planning 101

One wonderful thing about the first session of the 113th Congress was its efforts to enact a taxing scheme allowing an exemption from estate taxes for those with less than $5 million (indexed to inflation), […]

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Changes to Minnesota’s Estate & Gift Tax

by Jamie Held March 27, 2014 Estate Planning 101

Late last week Governor Dayton signed into law a $440 million tax cut package aimed to put “more money in the pockets of Minnesota families and businesses.” Included in the package are changes meant to […]

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Governor Dayton’s Estate & Gift Tax Simplification Proposal

by Jamie Held March 11, 2014 Taxes

Last week, Governor Dayton issued proposed tax cuts of $616 Million. The tax cuts are aimed at middle class Minnesotans and businesses. The proposed tax cuts include simplifying the state estate tax and eliminating the […]

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Gift Splitting

by Jennifer Santini February 25, 2014 Estate Planning 101

We talk often about the use of gifting as an estate planning tool but always caution that individuals should consult with an attorney and/or an accountant before doing so to ensure it is done properly. […]

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Make Sure Your Buy-Sell Agreement Is Not Disregarded

by Jennifer Santini February 5, 2014 Business

We try to encourage people to not only plan for the transfer of their personal assets but also to plan for the transfer of their businesses – either in life or at death. Buy-Sell Agreements […]

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Minnesota Gift Tax Exclusions

by Jennifer Santini January 16, 2014 Estate Planning 101

I recently mentioned some issues to consider before transferring certain assets, primarily with regards to the MN estate and gift taxes. While we want you to be cautious before making any transfers, we do want […]

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Say What – A New Tax on you in 2013?

by Chris Revak January 14, 2014 Guest Articles

Yup – there is a new tax in town for 2013 and it can add up quick.  You can get hit in two ways:  (1) additional Medicare payroll tax and/or (2) new Medicare contribution tax […]

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New Tax & New Opportunities

by Erik Doerr January 2, 2014 Guest Articles

Well, it’s that time of the year again.  And by that I mean that its tax planning season! I don’t know about you, but I get pretty pumped about it. This year has been fun […]

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10 Items To Remember Heading Into 2014

by Jennifer Santini December 24, 2013 Estate Planning 101

There are a few items we wanted to remind you about as we wrap up the end of the year and look towards 2014. In no particular order they are: 1. Don’t forget that Minnesota […]

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Estate denied property tax refund

by Maggie Green December 19, 2013 Probate

The tax code is riddle with nuances. Some of these nuances are beneficial to clients, others can be frustrating. Recently, I had an estate administration client come to me with a letter from the Minnesota […]

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Giving Thanks

by Jennifer Santini November 28, 2013 Estate Planning 101

On this day of thanks, we wanted to remind you about the various opportunities for giving. Many of our clients have a philanthropic intent but just do not know exactly how to, when to, and […]

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