Estate Planning for New Parents

March 2016

New parents estate planning often falls toward the bottom of people’s “to-do” lists.  This is especially true for young adults and people who find planning for incapacity or death to be unsettling.  If you have put estate planning off, regardless of your reasoning, now is the time to do it; particularly with estate planning, sooner… Read more >

Changes to Estate Tax Exemption Amounts

January 2016

Below is a summary of the Minnesota estate tax exemption and federal estate and gift exemption amounts for 2016. Please let us know if you have questions regarding the status of the laws. Minnesota Estate Tax Exemption As of January 1, 2016, the Minnesota estate tax exemption amount has increased to $1.6 million, up from… Read more >

What is Probate?

December 2015

It is a common misconception that having a last will and testament avoids probate. However, probate is the process for determining the validity of a will and to administer the terms of the will. The need for probate depends on several factors, including the type of property owned by the decedent and nature of the… Read more >

It’s National Estate Planning Awareness Week

October 2015

This week is National Estate Planning Awareness Week. Fall is a great time to start or revisit your estate plan (before the busy holiday season begins). 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?”… Read more >

Estate Planning Checklist: Cabin Succession

October 2015

Planning for the succession of your cherished family cabin is crucial.  People often see it as a daunting task and may be reluctant to address difficult inter-family situations; but, it’s likely that this reluctance will result in a mess for the family to untangle. Let’s consider an example.  The Clark family enjoyed their northern Minnesota… Read more >