The notion that there could be hundreds to thousands of dollars in unclaimed money seems rather thrilling. And you could be one of the lucky winners. Over the last few years, there has been a rise in the amount of unclaimed money. So much so, that in 2016, nearly $750 million was just sitting there, […]
MOM AND DAD, WE DON’T WANT TO CLEAN OUT YOUR HOUSE!!
June 8, 2018
Top 5 tips for helping our aging parents (and clients) declutter A House Full of “Stuff” If you’re an adult with aging parents, chances are you’re probably going to be dealing with a house full of “stuff” in the near future. My dad still lives in the same house that he and my mom bought […]
Prince Leaves a Complex, Unplanned Estate
May 4, 2016
Unfortunately, too many recent newsletters have focused on the death of musical legends. This month left us with another untimely death. Prince, whose legal name was Prince Rogers Nelson, died on April 21st at his Paisley Park recording studio and home in Chanhassen, Minnesota. As unbelievable as it may seem, according to his sister, Tyka […]
David Bowie’s Estate Plan
February 19, 2016
It has been reported that David Bowie’s estate plan consists of a 20 page Will that was originally filed in 2004. It splits the majority of his estate, estimated at $100 million, between his wife, daughter and son. And includes smaller, yet substantial gifts for his personal assistant ($2 million) and one-time nanny ($1 million). […]
Living as if it was your last year
November 17, 2015
Recently I read about a course that is offered by New York’s Zen Center for Contemplative Care called “How To Live This Year As If It Were Your Last.” The course is led by two Buddhist monks, who inform the students on the first day of class that they have nine months to live. For […]
Lamar, Khloe & the Urgency of Estate Planning
November 14, 2015
Former NBA and reality TV star, Lamar Odom, was found unconscious on October 13, 2015, and remains hospitalized in Los Angeles. Odom and his wife, Khloe Kardashian, had been separated for years and were in the middle of a divorce that had not been finalized, allowing his estranged wife to serve as his health care […]
DWI’s – The Devastating Impact on the Defendant
November 9, 2015
DWI’s are much more common than you may think. In fact, someone within your group of friends and/or family likely has a DWI, even if you don’t know about it. And let’s be clear, getting a DWI doesn’t make someone a criminal or even a bad person. In all likelihood, it was a mistake, a […]
What You Need to Know about Minnesota’s UTC Part III: The Trustee’s Duty to Inform and Silent Trusts
May 11, 2015
This is the third post in a series discussing different aspects on Minnesota’s new statute, the Uniform Trust Code (UTC), which becomes effective January 1, 2016. While this series will be useful information for all Epilawg readers, it is geared towards those readers that are attorneys, fiduciaries and their clients. See Part I here and […]
Coach Dean Smith
April 30, 2015
Men’s college basketball coaching legend, Dean Smith, passed away on February 7, 2015. Coach Smith utilized a revocable trust in his estate plan. He included a unique bequest.
What You Need to Know about Minnesota’s Uniform Trust Code Part II: Trust Administration Involving Co-Trustees
April 27, 2015
This is a second post in a series discussing different aspects on Minnesota’s new statute, the Uniform Trust Code (UTC), which becomes effective January 1, 2016. While this series will be useful information for all Epilawg readers, it is geared towards those readers that are attorneys, fiduciaries and their clients. As noted in my […]
What You Need to Know about Minnesota’s Uniform Trust Code Part I: Dual-Track Jurisdiction
April 2, 2015
This is a first in a series of posts discussing different aspects on the new statute, Minnesota’s Uniform Trust Code (UTC), which becomes effective January 1, 2016. While this series will be useful information for all Epilawg readers, it is geared towards those readers that are attorneys, fiduciaries and their clients. At long last, Minnesota […]