August 31, 2020

Death is almost always a complicated event for the survivors, who have not only emotional but also logistical considerations to manage. However, when an owner (typically called a member) of a limited liability company (LLC) dies, it exacerbates the difficulties for the surviving members. In addition to bearing the loss, they must determine whether the LLC can or even should continue.

These questions are just a handful of the is...

July 10, 2020

People can end up owning land or other real estate together in a number of different ways. It may be because they purchased the property together, it was gifted to them together, or they inherited the property together. While sometimes this starts out with the best intentions, it is not uncommon for co-owners of property to disagree on the ownership or management of the property. Eventually, a partition action may be the...

May 28, 2020

May 29 is National 529 Day! Section 529 Plans are not only a great way to save for college, they are also an essential estate planning tool as well. Minnesota adds some tax incentives to make this an even more attractive option.

What is a 529 plan?

A 529 plan is a tax-advantaged savings account that is intended to be used for college expenses. The plans are administered by each state (including Minnesota), and a family can inves...

May 15, 2020

Everyone has an estate plan. Even if you have never been to visit an estate planning attorney, the assets that you own will - one way or another - find their way to someone else upon your death. There are, in general, three basic ways that assets pass after someone has died. Proper estate planning takes all of these into account to ensure your wishes are followed. 

An effective estate planning attorney can ensure your assets ar...

April 20, 2020

With everything going on in the world right now, anyone can get a little anxious. Here is a preparedness checklist anyone can use to help you prepare for these uncertain times and be in control of your situation. Feel free to share with anyone that might find it useful. Contact us if you need help with any of the critical estate planning documents.

Preparedness Planning Checklist.

April 17, 2020

The harmless error rule gives us a little more space to work with clients to get their critical estate planning documents completed right now. As shown by how the law has been interpreted in other jurisdictions, the new law does not make proper estate planning less of a factor. Arguably, it makes it all that more important to help underscore the testator's intent and meet the clear and convincing standard set forth in the...