Good Boy Fido, You’re a Trust Beneficiary!

March 2017

Many of us consider our pets to be part of our family. This means we worry about who will care for them in the event of our deaths, but more importantly, how do we make sure there’s enough money set aside for this purpose? Under Minnesota law, a pet owner can create a pet trust… Read more >

Estate Planning 101

February 2017

Generally, when someone contacts our Trusts & Estates group for advice on estate planning they are looking to do one of two things: (i) develop a plan should something happen to them and they become incapacitated, or (ii) develop a plan for the management and distribution of their assets after they pass away. Planning for… Read more >

Love is in the February Air

February 2017

February is generally known as the month of love, and it had me thinking about marriage. So, I hopped onto Urban Dictionary* to see how others define it. Among the traditional definitions, I found a few gems such as “the number one cause of divorce” and “the most successful wealth transfer scheme ever invented.” Now,… Read more >

Changes to Estate Tax Exemptions 2017

November 2016

Annual Exclusion for Gifts As of January 1, 2017 the annual exclusion amount for gifts will stay at $14,000. This means that individuals can gift up to $14,000 to any person without incurring a gift tax or having to make any required filing. The amount in excess of the $14,000 will simply reduce the federal… Read more >

Lessons to be Learned from Celebrity Estate Planning Miscues

April 2016

The recent death of Minnesota music legend Prince Rogers Nelson, known to the world simply as Prince, brings to the forefront the importance of proper estate planning to ensure that you ultimately control the disposition of your estate. On Tuesday of this week, Prince’s sister, Tyka Nelson, commenced a probate proceeding by filing a petition… Read more >