Families are becoming more complex. Sometimes a newly-married couple each have children from previous marriages, and plan to have more. Other couples marry later in life when both have adult children....
Families First Coronavirus Response Act
Virtus Law is providing this quick update regarding the recently passed Families First Coronavirus Response Act. The Act consists of two types of leave, Paid Sick Leave and Family and Medical Leave. ...
Is Trust-Based Estate Planning the Way to Go?
As Jennifer researched “Wills” online as she pondered her estate plan. Then she ran across some articles about will-based and trust-based estate planning. After a little more research, she found h...
A message from Virtus Law PLLC regarding COVID-19
As for the attorneys and staff of Virtus Law, PLLC, our various offices remain open and our team ready to serve our clients for the time being. Our management team continues to monitor the situation, ...
Single? There’s an Estate Plan for You!
Sometimes it seems estate planning focuses on married couples to the exclusion of singles. But unmarried people have just as much to gain from estate planning as a couple. In fact, spouses and singles...
Will Your Minnesota Trust Owe Income Tax?
Anyone who earned income in the United States is expected to file a federal income tax return every year. Whether the individual actually owes tax or not is determined by the type of income they earne...
Guardianship vs. Conservatorship: What’s the Difference?
When people are no longer able to care for themselves, someone steps in to act on their behalf. Maybe you have already faced this situation with a loved one: mom or dad need more assistance as they gr...
Reasons to Choose a Testamentary Trust Over a Living Trust
We often face important choices that can result in life-changing results. In estate planning, which is already heavily vested in life and death, you may find yourself comparing estate planning tools. ...
Probate How-To: Property is Owned in Multiple States
When someone dies, the property they leave behind usually becomes their estate. But their estate must follow a certain process in order to be transferred to their heirs. Their estate must go through p...
Spousal Lifetime Access Trusts May Offer the Flexibility You Need
Being married has its perks. Even in the estate planning field, married couples may have access to sophisticated tools and strategies that don’t work for single people. The spousal lifetime access t...