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 >

National Estate Planning Awareness Week 2017

October 2017

Next week is National Estate Planning Awareness Week, and in anticipation of one of our favorite weeks of the year, our Trusts & Estates attorneys took time to anticipate some questions that may be occurring to you right now… “I thought I finished my estate plan. Do I have to revisit it?” Estate planning is… Read more >

Update: Minnesota Estate Tax Exemption

September 2017

As of the date of this article, the Minnesota estate tax exemption amount is currently $2.1 million per person. For those of you who don’t know, in May 2017, a new tax bill was passed by the Republican-controlled legislature and signed by Governor Mark Dayton. Upon the passage of this new tax bill, the Minnesota estate tax… Read more >

Are Prenuptial Agreements the New Selfie?

September 2017

According to a recent study, the millennial generation cares about more than just social media; they care about prenuptial agreements too. The American Academy of Matrimonial Lawyers found that 51% of attorney surveyed have seen an increase in the number of millennials requesting prenuptial agreements. “Couples are getting married at later ages these days and… Read more >

Estate Planning for College Students

August 2017

As college students pack their boxes and cars to head off to a new and exciting year, they are likely thinking about their class load, which sorority/fraternity to rush, and what their plans are for fall break. One thing they are most likely NOT thinking about is estate planning. However, over the years, we have… Read more >