August 30, 1918 – July 5, 2002 While I pride myself on my sports knowledge, my husband often reminds me of all the information I apparently do not know. Yesterday’s example revolves around Ted Williams as I began to write this post. Now, I know who Ted Williams was and do know of his baseball […]
Minnesota has a professional firms act that requires licensed professionals (as defined in MN Statute 319B.02 subd.19) to, among other things, register their business as a professional firm. One particular requirement of the statute, that all owners of the business be licensed professionals, often makes succession planning a challenge. Under most circumstances, an LLC member […]
PART V: WHAT? RECOGNIZING THE ASSETS. “An artist is someone who produces things that people don’t need to have but that he for some reason thinks it would be a good idea to give them.” ~Andy Warhol, Pop Art Pioneer So far, this series has revealed why estate planning for artists is so essential, who […]
Historically, determining a decedent’s heirs was easy – determine all of the decedent’s living family members on the date of decedent’s death and if decedent’s wife was pregnant on the date of his death, wait to see if the child is born alive. Now, however, science has provided us with the ability to freeze genetic […]
As the gay marriage debate rages on across the country, another related issue is gaining traction as well—gay divorce. Gay marriage is currently legal in six states and the District of Columbia. There is no marriage residency requirement in these states either. That means couples can get married in these states without living there. And […]
November 18, 1963 – June 19, 1986 Leonard Kevin Bias, known as Len, was arguably one of the most promising NBA athletes ever drafted. However, Bias was never able to reach his full potential on a professional sports team. Len Bias was drafted by the Boston Celtics as the second overall draft pick in 1986 […]
Recently, at a Wills For Heroes clinic, a first responder asked what the requirements were for a Will to be valid in Minnesota and wondered if a Will could be handwritten. I thought these were interesting questions and wanted to share my answers with all of you dedicated Epilawg readers. Will Requirements First, Minnesota, like […]
February 7, 2012 – June 9, 1870 Born Charles John Huffam Dickens in Portsmouth, England, Mr. Dickens brought us the classic works of Oliver Twist, A Tale of Two Cities, Great Expectations and A Christmas Carol. 2012 was the 200th anniversary of Dickens’ birth and also the 142nd anniversary of his death. Dickens suffered a […]
If you are one of the millions of parents who own a life insurance policy, you may have your child named individually as a primary or contingent beneficiary if you were to pass away while the policy was still in effect. However, naming a child individually, especially under the age of eighteen, can have unintended […]
May 2012 was a big month for Facebook co-founder, Mark Zuckerberg, with his company going public and his surprise wedding to longtime girlfriend, Priscilla Chan. Zuckerberg and Chan were able to pull off a very private and intimate celebration but what followed was a flurry of news reports speculating about the financial planning that had […]
April 16, 1867 – May 30, 1912 Earlier this year, marked the 64th anniversary of Orville Wright’s death. However, today is the 100th anniversary of the other Wright Brother’s death – Wilbur Wright. Wilbur was the older of the two Wright Brothers but died much earlier at the age of 45. Wilbur died of typhoid […]