The Power to Revoke at Any Moment

Sarah Sicheneder / March 17, 2016

A popular saying goes “bad planning on your part does not constitute an emergency on my part.”  Estate planners cannot rely on such platitudes.  It is our job to fix bad planning especially in emergency situations which often involve quickly revoking one or all prior estate planning documents.  This article provides guidance on revoking the […]

Is the will I had drafted in another state OK to use in Minnesota?

Philip J. Ruce / September 21, 2015

  Minnesota is a pretty amazing state. We have great parks, great educational and business opportunities, great health care, and — let’s face it, — we’re ridiculously good looking.[1] But for all its up-sides, those perks come with a cost. First, Minnesota can be an expensive place. Also, it gets cold. So it’s no surprise […]

Robin Williams’ Estate: (Update) Subject to Probate?

Kim Prchal / September 15, 2015

In August 2014, I posted an article about Robin Williams’ estate plan.  Now, 13 months after his death more details have been revealed regarding his estate plan and unfortunately, the court battles have begun. So the good news.  Robin did have an estate plan; an updated estate plan to boot.  He was married in 2011, […]

The Expert Institute’s Best Legal Blog Competition

Jayne Sykora / September 8, 2015

Epilawg is in the running for The Expert Institute’s Best Legal Blog Competition! The competition will run from August 27th until the close of voting at 12:00 AM on October 9th, at which point the votes will be tallied and the winners announced. We would love it if you took a moment to support Epilawg by voting for […]

Drafting Considerations from a Corporate Trustee

Robyn Ingber / August 27, 2015

As a Relationship Manager for a corporate fiduciary, I am often asked by my peers in the estate planning community about typical problem areas to keep in mind when drafting a trust document. Here are three topics to closely consider to ensure the grantor’s intentions are met: Outside Resources A standard question most planners will […]

Delegation of Powers by Parent or Guardian

Anna Lima / August 20, 2015

Parents, legal custodians, or legal guardians periodically find themselves in a position that necessitates granting power to another adult regarding the care, custody, or property of a minor child or incapacitated person (ward). Examples may include a vacation out of state or country, a long term illness, or other extenuating circumstances.  One way to delegate […]

Qualified Small Business Deduction

Jamie Held / November 26, 2014

The Qualified Small Business Deduction (“QSBD”) under Minn. Stat. § 291.03, provides an additional deduction for Minnesota estate tax purposes for the value of qualified small business property passing to a qualified heir. The statute was originally enacted in 2011 (and has subsequently been updated).

Supreme Court Rules on Inherited IRAs

Jamie Held / July 17, 2014

On June 12, 2014, the U.S. Supreme Court ruled on a divisive bankruptcy and estate planning case.  At issue was whether an individual retirement account (“IRA”) that a debtor inherited was exempt from the debtor’s bankruptcy estate under the Bankruptcy Code.  The Bankruptcy Code permits a debtor to protect assets that are in a “retirement […]

The Bitter End

Maggie Green / March 19, 2014

It’s a shocking and infrequently cited fact that the death rate among the human population in the United States is 100%. It will happen to all of us. When you think of it this way, the idea of having a Health Care Directive or Living Will is not so much a “what if” piece of […]

On the lookout … financial and estate planning writers to follow

Maggie Green / September 4, 2013

I love finding new estate planning authors and professional bloggers to follow. They inspire me improve my writing and help me think of better ways to discuss estate planning concepts with clients. Two women in particular, Natalie Choate and Deborah Jacobs, are definitely worth following. So, if you are looking for talented, professional estate planning […]

Portability Revisited

Jamie Held / April 3, 2013

Portability is a feature of the 2012 American Taxpayer Relief Act passed earlier this year.  It came as a welcome relief to many but there is still much confusion and skepticism surrounding this concept.