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...

March 18, 2020

With the warming weather melting away this year's snowfall, Spring feels like it is right around the corner. Farmers are not the only ones with the spring-time itch as they impatiently wait to get into the fields, as turkey hunters have had April 15th (opening day) circled since they bought their 2020 calendars. Throughout the state and all over the nation, yearly hunting leases are signed for deer, turkey, and other types of...

June 17, 2019

A Minnesota transfer-on-death deed (a “TODD”) is type of deed that transfers ownership of real estate effective only upon the grantor’s death. Think of a transfer-on-death deed as analogous to adding a beneficiary designation to your real estate, just as you would a life insurance policy or a bank account. We’ve covered more of the basics of using a transfer on death deed here.

In order to be effective, a transfer-on-death deed...

April 10, 2019

Title insurance protects you against adverse claims of rightful ownership of your property. Remember, real estate is only as good as the title to it!

March 1, 2019

The single biggest asset many people have is their home, and in today’s real estate market, it’s not unusual to make a profit on the sale of a home. But if you sell your home for more than your basis in the property, you could face substantial capital gains tax.

Capital gains is calculated by taking the difference between your basis in the property and the sale price. Your basis in the property is typically the amount that you...

October 9, 2018

If you’ve purchased real estate recently, you might not have received an Abstract of Title from the seller at the closing. An Abstract is a summary of the history of a parcel of real estate showing deeds, easements, mortgages, and other encumbrances going all the way back to the grant of title. An attorney typically uses an Abstract to draft a title opinion, which is a legal opinion setting out the current owners of property a...