November 21, 2016

No More Estate Tax? No More “Stepped Up” Tax Basis?

Now that the dust has settled on the grueling and seemingly endless election cycle, voters’ minds turn to policy and wonder what (if anything) will come of the promises made by the candidates:

Now What Happens?

For decades, the Republican Party has railed against the so-called “death tax”, calling for complete repeal of the federal estate tax.  The policy arguments in favor of r...

November 21, 2016

Under Minnesota law, personal representatives are required to take an inventory of the assets in the decedent’s estate. However, before taking the inventory, the personal representative must request, and accept, appointment by the court. The personal representative cannot begin the inventory process without first being appointed by the court. 

     

What is Included in the Inventory?

The inventory is a listing of probat...

November 3, 2016

Getting your estate plan in place can feel like a major accomplishment (and it is!), but it is not the end of the story. Estate planning itself is the process of guiding the way in which assets pass to your loved ones after your death and ensuring your wishes are followed. Checking in and reviewing your estate planning documents regularly and when certain life events occur is part of this ongoing process.

While the estate plans...

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