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Real estate

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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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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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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Obtaining A Clearance Certificate

by Jayne Sykora March 7, 2013 Probate

In many posts, we have eluded to and discussed the basics on Medical Assistance (see: Jamie Held‘s Medical Assistance & Real Property and Jen Santini‘s Medical Assistance Basics for Minnesotans). Medical Assistance, or Medicaid as […]

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1 or 2: Joint vs. Separate Revocable Trusts

by Jennifer Santini January 7, 2013 Trusts

We have written about the benefits of utilizing revocable trusts for incapacity planning, probate avoidance and out-of-state real estate. However, we often get the question from couples, “Why do we need two trusts? Why can’t […]

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The “Power of Attorney” in Real Life

by Maggie Green September 25, 2012 Estate Planning 101

Some clients know how important the Power of Attorney document is. They may have acted as attorney-in-fact for a spouse or an elderly relative. Or they may have experienced first hand the challenges created when […]

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Real property in an estate or trust administration

by Maggie Green March 22, 2012 Probate

Personal representatives and trustees are commonly responsible for distributing real property from an estate or trust to its designated beneficiaries. Such distributions present unique challenges for personal representatives, trustees, and beneficiaries alike.  To this end, […]

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Arresting Motion: Estate Planning for Artists

by Christi Cottrell February 29, 2012 Estate Planning 101

Part II: Why? Framing the Issue. “Art is a nation’s most precious heritage. For it is in our works of art that we reveal to ourselves and to others the inner vision which guides us […]

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Titling Real Estate

by Jayne Sykora November 28, 2011 Estate Planning 101

When working with clients on their estate plans, one of the most important items to consider and understand is how real estate is titled. First, let’s discuss what “title” means. Title is a legal term […]

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