List of Assets and Information with their Estate Planning documents. The list should include the following items: The institutions that hold your bank accounts and life insurance policies, The contact information for tax and financial advisors, The location of important documents (deeds, contracts, business or entity formation documents), List of debts and/or receivables, Any information […]
Oftentimes, potential clients tell us they have a Will (excellent!), but that they would like to make a couple small changes to it. So, they ask, can they simply amend the Will, instead of having a whole new Will drafted? Whether these people know it or not, they are requesting a codicil to their Will. […]
When grief and emotions run high after the loss of a loved one, the sentimental significance of personal property can increase tremendously. No one really cared about the casserole dish grandma used every Thanksgiving, but once grandma passes everyone stakes claim to that dish. A tangible personal property list can help alleviate potential disputes between […]
September 30, 1924 – August 25, 1984 Truman Capote died about a month short of his 60th birthday. He was the author of Breakfast at Tiffany’s and In Cold Blood. He was also close friends with Harper Lee, author of To Kill a Mockingbird, who helped Capote research for his book In Cold Blood. In […]
Name: Kimberly M. Hanlon Employer: Kimberly M. Hanlon, LLC Position: Attorney at Law Location: Minneapolis, MN Education: J.D. from the University of Tulsa College of Law
Similar to transferring a home, cabin, or other piece of real property into a revocable trust, individuals who have inherited or purchased farmland in Minnesota may want to transfer their farmland into a revocable trust. The reasons vary depending upon the situation, however, the major reason for transferring farmland into a trust is for estate […]
I cannot emphasize enough to my clients the importance of beneficiary designations. A beneficiary designation describes how your assets will be distributed upon your death. It is a form you complete with a financial institution (or your Human Resources department) pertaining to certain assets, for example, when you establish a life insurance policy or create […]
The handsome cat in this picture is Frank Sykora. He is my family’s cat and we love him like he is a human. Frank (or as we refer to him, Frank S.) spends most of his days sleeping and most of his nights protecting our home from critters and vermin. It is a tough job, […]
May 28, 1908 – August 12, 1964 Did you know that the author of the James Bond books is the same author of Chitty Chitty Bang Bang? Ian Fleming is the creator of James Bond and wrote the books that ultimately were made into box office hits. He had worked as an assistant to the […]
Since 2009, Frank and Jamie McCourt have been embattled in one of the messiest, public divorces. The McCourts were like any other couple. They met, fell in love, got married, and had four sons. However, along the way they purchased a major league baseball team, numerous homes costing millions of dollars and led an extravagant […]
Many people who support charities will limit their giving to writing a check (or perhaps these days using a great online giving portal like GiveMN.org). However, increasingly donors are taking advantage of the flexibility, tax savings, and long-term planning offered by planned giving. When a donor works with a planned giving professional, often in conjunction […]