Half-Siblings and Intestate Succession

Autumn Gear / August 22, 2017
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Ongoing changes to family structures in modern society have increased the occurrence of half-blood survivors of decedents.  When a decedent dies without a will, they are said to have died “intestate.”  Each state has enacted intestate-succession laws, which provide rules for the distribution of assets in the absence of a will.  These intestacy laws dictate […]

Diminished Capacity and Estate Planning: The First Client Meeting

Courtney Sebo / August 16, 2017
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In my first Epilawg installment, I wrote on the estate-planning needs of people with diminished capacity.  This blog post will dive into the discussion that takes place at a first meeting with a client. People with diminished capacity will nearly always come to the meeting accompanied by a spouse, child, or loved one.  This is […]

Divorce and the ERISA

Sarah Sicheneder / August 15, 2017
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Divorcing couples likely feel relief once they learn that the court has signed an order legally ending the marriage.   However, just because the order is signed does not mean the divorce process is done – new deeds need to be recorded, mortgages assumed by one party or the other, credit cards paid off and closed, […]

Minnesota Changes Agricultural Statute

Rhett Dial / August 9, 2017
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As of August 1st of this year, agriculturalists will now be benefited by a change in Minnesota Statutes Section 500.24. The statute has been amended in order to eliminate the need for Revocable Trusts to file with the Minnesota Department of Agriculture. Previously, Certificate Holders, including Revocable Trusts, were required to be certified and submit […]

Life Insurance as an Estate Planning Tool

Mack Dudayev / August 3, 2017
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Life insurance is not something many people think of when it comes to estate planning. Let’s face it, it’s a boring product that people tend to think of when they are getting a mortgage! However, you may not realize that top professionals in estate planning work along with insurance pros to use life insurance as […]

Minnesota Changes Estate Tax Law

Rhett Dial / August 2, 2017
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The Old Law Minnesota estate tax law recently changed in a way that will benefit the estates of wealthy and upper-middle class people. Until recently, Minnesota’s estate tax exemption was at $1.8 million, which means a Minnesota resident could die in 2017 and leave up to $1.8 million dollars tax free to non-spouses. As one […]

 Whose House Is It?  Surviving-Spouse Property Right

Kassandra Heinrich / July 27, 2017
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Despite the piles of paperwork many find the process of purchasing a house to be exciting. Watching the realtor slap a “SOLD” sticker across the sign, and having a set of keys slid across the closing table are moments many people remember fondly. Over time that house becomes a home. Memories are made as kids’ […]

7 Ways to Beat the Caregiver Shortage for Your Parent’s Home Care

Lifesprk / July 18, 2017
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A new report from PHI and LeadingAge Minnesota paints a clear picture of Minnesota’s changing demographics and its impact on providing care at home to elderly parents. Here are just a couple of the facts from the State of Care: Minnesota’s Home Care Landscape report: By 2020, for the first time in history, Minnesota’s 65+ […]

The Health Care Directive – an Easy First Step into Estate Planning

Maya Missaghi / July 12, 2017
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There are many forms of Health Care Directives online – different styles and formats. It is often emphasized that, more than filling out the form, it’s the conversations it can spark that are really impactful. That is of course an excellent point, but I think simply getting people to fill out the form is pretty […]

Big Banks vs. Community Banks: Who Should You Trust with Your Trust?

Pam Baker / July 10, 2017
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When it comes to large estates, the advantages of using a corporate trustee instead of administering your own trust are relatively straightforward. A corporate trustee ensures that costly errors don’t take a large chunk out of your assets, while also offering protection against fraud, theft, and other risks. When deciding on a corporate trustee, however, […]

Diminished Capacity and Estate Planning

Courtney Sebo / June 30, 2017
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As anyone who has created an estate plan knows, in order to finalize the plan, you must sign documents.  These documents may be wills, trusts, powers of attorney, health care directives, deeds, or any other related form or document.  In order to sign these documents, a person must have sufficient capacity, otherwise the documents may […]

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