February: The Month of Love, Planning, and Prenups

February 2018

February – the month of love – a time when many couples get engaged and start planning their weddings. Whether you’re already married or in the wedding planning mode, one discussion that should happen, but often times is overlooked, is the benefit of postnuptial and prenuptial agreements. With this in mind, every year I hop… Read more >

FMJ Expands Trusts & Estates Group With New Associate Nicole Flaherty

January 2018

Fafinski Mark & Johnson, P.A. announced that estate planning attorney Nicole Flaherty has joined the Eden Prairie-based law firm as an Associate in its Trusts & Estates practice group. Flaherty will handle a variety of estate planning, business succession planning, and estate and trust administration matters. Before joining  FMJ, Flaherty was an attorney at a… Read more >

New Year, New You, New…Estate Plan?

January 2018

January 1st comes around and the whole world is ready to start fresh with new resolutions for how to make the next year their best year yet. However, did you know 80% of those resolutions fail by the second week of February? One resolution that you absolutely must keep is creating or updating your estate… Read more >

Business Planning Alert: New LLC Act Goes Into Effect Jan. 1, 2018

December 2017

For those of you with LLCs, updating your business plan might be in your future. The Minnesota Revised Uniform Limited Liability Act, Chapter 322C, will govern all LLCs starting January 1, 2018.  Here is some history of the New LLC Act. In April 2014, the Minnesota Legislature enacted this new statute for limited liability companies. The… Read more >

Estate Tax Exemptions Update 2018

November 2017

Below is a summary of the federal estate tax, gift tax, and Minnesota estate tax exemption amounts for 2018. Please contact FMJ’s Trusts & Estates group if you have any questions regarding the status of the laws. Federal Estate Tax Exemption As of January 1, 2018, the federal estate tax exemption amount will rise to… Read more >