Consistent Basis Reporting and the IRS
Planning for your future includes ensuring you have a well thought out and tailor made estate plan. A good estate plan will help you achieve your goals and support your family and loved ones after you pass. Proper estate planning requires a multitude of considerations, including taxes. The IRS describes estate taxes as a tax […]Read More
Power of Attorney Contests
There are many elements of a solid and thorough estate plan. The elements of each estate plan will vary depending on the individual’s assets and goals. In some situations, it may be beneficial to execute a power of attorney. A power of attorney can allow another person to manage your affairs. These documents can be […]Read More
How Do I Leave Money to My Child But Not Their Spouse?
Parents always work to protect their children, nurture them, and help them to build the best possible future. This does not stop simply because a child grows up and starts his or her own family. One of the main goals of estate planning for many people is to leave financial resources to their adult children. […]Read More
Homestead, Real Estate, and Estate Planning
Owning your own home has long been part of “the American Dream.” People commonly work hard to purchase their own home and build equity in that real estate for many years. For many, the family home may be their most substantial asset at the time of his or her death. Like any other major asset, […]Read More
Estate plans and future stability are fundamentally linked. One of the main goals of any estate plan is to provide lasting solidity and permanency to the family wealth and stability. In some cases, these goals are more short-term, such as choosing a guardian for your minor children in the case where you and the other […]Read More
Early Estate Planning, Long-Term Goals
When most people think of estate plans, they immediately think of a last will and testament. It is not uncommon for people to associate wills and estate plans with older people who are near the end of life. However, starting your estate plan early is essential to help you reach your long-term goals. One of […]Read More
Does My Life Insurance Get Included in My Will or Estate?
Drafting and executing a valid last will and testament is a critical step to make sure that your assets are distributed in accordance with your wishes. If you have young children or want your assets distributed to persons or entities other than your immediate family, it is even more important to have an up to […]Read More
Child Support, Spousal Maintenance, and Estate Planning
Divorce and separation is not an uncommon occurrence in the United States, and Minnesota is no exception. During a divorce, there will be many financial adjustments that one or both parties will have to make to accommodate for no longer having two adults to share the financial load of supporting a household. If the parties […]Read More
Why Do I Need an Estate Planning Lawyer for a Simple Will?
There are many ways to start to plan for the future. You may create a list of financial goals, talk to your family about who you want to care for your children in the event of your death, and even start to think about the types of investments you should be making to grow your […]Read More
Estate Planning, Partnerships, and LLCs
Planning for the future is an essential step in safe guarding the stability and durability of our family unit. Estate planning allows you to work with your attorney to use a variety of different estate planning instruments to help achieve your specific goals in a way that is closely tailored to your family’s financial needs. […]Read More