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Trusts

Mother’s Day “must read” article

by Maggie Green May 12, 2014 Estate Planning 101

I have recommended Deborah Jacob’s in the past, but Advice for New Mothers – and Procrastinators is spot on. Covering all of the important estate planning issues for young parents, her advice mimics many of the suggestions I […]

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Estate Planning Myth #9: Trusts? Trusts are for billionaires

by Erika Stein Rosenhagen May 8, 2014 Estate Planning 101

Sure, billionaires may have trusts for charitable gifting, inter-generational wealth transfer, and asset protection purposes, but for many families, trusts assist in more mundane circumstances, too. They can be useful tools for managing judicial awards […]

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Organizing Your Accounts and Passwords

by Maggie Green March 5, 2014 Estate Planning 101

I emphasize to all of my estate planning clients the importance of keeping track of your assets, what they are, where they are located, etc. The reason: a Will or Trust instructs your Personal Representative […]

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Mandatory Arbitration Provisions in Estate Planning Instruments

by Julian Zebot December 16, 2013 Estate Planning 101

In May 2013, the Texas Supreme Court enforced a mandatory arbitration provision within a trust instrument in Rachal v. Reitz.  Since then, a number of legal commentators have suggested that there is a growing trend […]

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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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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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I Need a Revocable Trust … Right?

by Jamie Held August 5, 2013 Estate Planning 101

This statement (turned inquiry) may or may not be true.  It depends on a variety of factors and client goals.  Deciding whether to use a will or a revocable trust (a.k.a. living trust or revocable […]

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Trust Funding, Trust Funding, Trust Funding!

by Maggie Green July 10, 2013 Estate Planning 101

According to a New York Times article, Michael Jackson did have a Revocable Living Trust in place at the time of his death.  A Trust makes good sense for a public figure.  It’s privately administered […]

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New View of Pass-Through Entities in Relation to MN Estate & Gift Taxes

by Jennifer Santini July 1, 2013 Estate Planning 101

We have posted a few updates on the 2013 MN Omnibus Tax Bill (the “Bill”) and the changes the Bill brings to MN’s estate and gift taxes (see Erik Doerr’s post, 2013 MN Omnibus Tax […]

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Spendthrift Trusts: Sometimes it’s What You Don’t Give That Matters Most

by Philip J. Ruce June 5, 2013 Guest Articles

Nowhere are you more generous than with your family.  Whether you are saving for your children’s education, helping with the purchase of a first car, or helping to plan a wedding, your family is first […]

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Domestic Asset Protection Trusts

by Jayne Sykora May 22, 2013 Trusts

Often, clients ask if there is way to shelter their assets from creditors. In Minnesota, the short answer is: no. However, in a handful of states, there is a trust that could allow for someone […]

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