Oftentimes, most have heard of and have a basic understanding of a guardianship (whether for a minor child or for an incapacitated adult). A guardianship allows for another to be appointed as guardian over the person of an incapacitated person (the ward). In this role, a guardian is to care for, monitor and speak on […]
“Protecting Your Afterlife in the Digital Realm” Once again the discussion about planning for your digital assets received national attention on CBS Sunday Morning. The segment features various companies* that are helping individuals protect their digital assets and leave a digital legacy, such as Cirrus Legacy, If I Die, and LifeNaut. Additionally, it shares some […]
We’ve said before that Minnesota is not a favorable state in which to die because of the state’s estate tax laws. Some believe that the same is true for other tax reasons as well. While Minnesota does offer a lot to its residents, which attracts them to make Minnesota their home, there are people who […]
Brittany Maynard, an Oregon resident, selected the date November 1, 2014 as the day she will end her life. Brittany is 29 years old, and was recently diagnosed with terminal brain cancer. She is plagued with seizures and increasing pain and her most recent diagnosis gave her only six more months to live. Instead of […]
Unfortunately no matter how close a family might seem, it always has the potential to endure disputes between members either during everyone’s lifetimes or after someone has passed away. The fights can get ugly and feelings can get hurt. But often the disputes could have easily been avoided, or resolved, if individuals remembered the lessons […]
The vast majority of us are not running international, Fortune 500 operations. We are leading, or working with, small to mid-sized businesses. With that comes the false sense of security that cyber thieves aren’t targeting us or our clients. I want to share with you why that presumption is false, and why we are actually […]
For many, cabins provide an opportunity to get away from it all, to spend time with family and friends (maybe beside a body of water) and decompress from daily life. Unfortunately, cabins can also cause frustration and confusion as to how families (immediate and extended) will share it and how the cabin can be passed […]
If you are a U.S. citizen, resident alien, or certain nonresident alien, you are required to report any foreign financial assets that meet the reporting threshold to the IRS. There are different filing requirements and it just depends on the type of assets and the reporting thresholds to determine the filings an individual is required […]
Awhile back, an article in the Star Tribune discussed the egregious practices used by some credit card companies and banks to collect debts owed by deceased persons, often targeting surviving family members who may or may not have a legal obligation to pay.
For some, as they prepare their Wills, it is a pretty clear cut decision on who will receive what and how much. For example, most married couples with children will first leave everything to each other, then when both spouses are gone, their estate will be divided equally among their children (do keep in mind […]
Name: Diana Marianetti Employer: Maslon Edelman Borman & Brand, LLP Position: Attorney Location: Minneapolis Education: Hamline University School of Law (J.D., cum laude), Macalester College (B.A.) How long have you been practicing? I’ve been practicing law since 2010. What led you to practice in the area of estate planning? That’s actually a funny story. […]