The New York Times Magazine recently ran an article on life settlements or viatical settlements. These settlements are the process in which individuals sell their life insurance policies to investors to receive cash now. As the article notes, “Life insurance is designed to benefit the living, a spouse or heirs, not those who perish.” However, […]
I’m going to begin this post with a personal tidbit. I decided to run my first full marathon a few months ago. After running five half-marathons in past years, I figured this would be rather simple, double my training and double my time. No problem…I thought. Was I ever wrong! This was the single most […]
I have written many posts about various aspects related to real estate: life estates, titling real estate, and transfer on death deeds, to name a few. What each of these topics has in common, besides having to do with real estate, is that how the real estate is classified will dictate how, by whom and where […]
Almost every week I receive an email from a tax or financial advisor about how my clients should take advantage of the current gift tax exemption. The exemption of $5.12 million allows an individual to give away just over five million dollars before paying any federal gift tax (side note: MN does not have a […]
Almost every week I receive an email from a tax or financial advisor about how my clients should take advantage of the current gift tax exemption. The exemption of $5.12 million allows an individual to give away just over five million dollars before paying any federal gift tax (side note: MN does not have a […]
One of the purposes of probate is to provide notice of the decedent’s death to creditors so that they can seek payment for any unpaid debts. As Jayne Sykora mentioned in her post, What Happens to Debt at Death, personal representatives are able to identify creditors of the estate through the decedent’s mail and bills. […]
June 1, 1926 – August 5, 1962 It has been 50 years since the woman born as Norma Jeane Mortenson (later changed to Baker) passed away. Known as Marilyn Monroe, she died at the young age of 36. A recently published book, The Empty Glass, analyzes the ongoing conspiracy surrounding Monroe’s death.1 Ms. Monroe had […]
QR codes, those squares made of square dots arranged in a pattern that you scan with your smart phone, are popping up everywhere these days. Consequently, I was not at all surprised when I saw a story on the local CBS evening news … QR Codes On Headstones: Preserving Personalities Of Those Passed.
Name: Sonia Toomey Employer: Self – Law Office of Sonia Toomey, PLLC Position: Attorney Location: Office in Bloomington, meeting space in downtown Minneapolis, Eden Prairie, St. Louis Park and at the Minneapolis-St. Paul Airport. Education: Undergraduate degree in European Politics from the University of Newcastle upon Tyne in England; Law Degree from William Mitchell College […]
PART VI: WHEN & WHERE? DEFINING A TRIGGER & CHOOSING A LOCATION “Time and space are fragments of the infinite for the use of finite creatures. “ ~Henri-Frederic Amiel, Swiss Philosopher, Poet and Critic Followers of this series will be delighted to know that this penultimate entry is the most concise and straightforward. When? Attorneys […]
June 22, 1903 – July 22, 1934 Known as “Public Enemy Number One,” John Dillinger was born in Indianapolis, Indiana in 1903 and became one of America’s most notorious gangsters. While wanted for bank robberies throughout the Midwest, Dillinger became the focus of the FBI when he stole a sheriff’s car and drove it across […]