Trusts & Estates Blog
October 2020
Election 2020: How the Election Could Impact Your Estate Plan
As a result of the Tax Cuts and Job Acts of 2017 (TCJA), the federal gift and estate tax exemption doubled from 2017 to... Read more
August 2020
Attention New Cabin Owners! Planning is Not One-Size-Fits-All
Lake homes and cabins are hot commodities while many continue to work remotely and a complete return to the office is nowhere in sight.... Read more
May 2020
Gifting Opportunities During an Economic Downturn
While the current COVID-19 environment has depressed stock prices and likely the value of many businesses, there are potential opportunities for those looking to... Read more
May 2020
COVID-19 Stimulus Checks: How to Return if the IRS Sent a Stimulus Check to a Deceased Individual
The Coronavirus Aid, Relief and Economic Security (CARES) Act provided for cash rebates to certain qualifying Americans. The IRS started sending out stimulus checks in... Read more
April 2020
Paying Attention to Tax Filing and Payment Deadlines Extended Due to COVID-19 – Trusts & Estates Edition
The IRS and Minnesota Department of Revenue have announced extensions to certain tax return filing and tax payment deadlines due to the COVID-19 pandemic. Generally,... Read more
April 2020
Curbside Signings + Other Estate Planning Options During COVID-19
Estate planning is proving to be a topic on everyone’s mind during the uncertainty we are facing today as a global community. If you have... Read more
April 2020
A Time to Plan: Estate Planning and the COVID-19 Crisis
Estate planning is proving to be a topic on everyone’s mind during the uncertainty we are facing today as a global community. If you... Read more
March 2020
Why Online Estate Planning Is Not the Solution During The COVID-19 Crisis
While we are in the thick of the COVID-19 crisis, many people will turn to Google for medical, business, and even legal advice. This... Read more
March 2020
IRS Moves Tax Day to July 15 from April 15
Today, due to COVID-19, the Treasury Secretary Steven Mnuchin announced via Twitter that tax forms and payments will not be due to the Internal... Read more
February 2020
Do Valentine’s Day and Prenups Go Together?
Valentine’s Day – the day of love! A celebration for all couples everywhere! Many couples get engaged on this day and start planning their... Read more
January 2020
New Year – New Resolutions – New Tax Law Changes
We all make New Year’s resolutions related to various aspects of our lives on an annual basis. This year, we suggest your New Year’s... Read more
November 2019
Estate Tax Exemptions 2020
Federal Estate Tax Exemption As of January 1, 2020, the federal estate tax exemption amount will increase to $11.58 million, up from $11.4 million in... Read more
August 2019
Why College Students Need an Estate Plan
Soon college students will pack their boxes and cars to head off to a new and exciting year. Their brains are filled with questions... Read more
July 2019
Estate Planning: Don’t Let the Summer Slowdown Slow You Down!
While we don’t want to admit it, we are 40 days away from Labor Day. Unfortunately, that date generally marks the end of summer... Read more
May 2019
Cabin Planning 2019
Next weekend is Minnesota’s “unofficial” start to summer as many head north to their cabins and lake homes. There are an estimated 124,000 seasonal home... Read more