Estate plans are not a one-size-fits-all game. You may need a simple Will for a simple estate. People with more complex estates need an estate plan that covers all the bases. Advanced estate plans may...
Dying Without a Will: Intestacy Laws in Minnesota
A Last Will and Testament is one of the most important documents you’ll ever sign. And, yet, only about 44% of Americans have signed Wills. That statistic also doesn’t tell us if their Wills have ...
How to Easily Integrate Asset Protection Trusts into Your Estate Plan
Asset protection has become a common goal of estate planning. Asset protection trusts come in many different forms and can be used to protect property for your use and benefit as well as for the ben...
What Minnesota’s Omnibus Tax Bill Might Mean for You
A controversial law signed in 2017 portends big changes for Minnesota residents. Minnesota’s Omnibus Tax Bill, the first major tax legislation since 2014, addresses a number of issues. It’s import...
What Kind of Wills Are Valid in Minnesota?
Leaving a Will is a person’s way of telling the world how they want their estate assets to be handled. However, signing a Will that does not meet the legal requirements of a valid Will means that yo...
Pros and Cons to Forming Family Limited Liability Companies
Family business ownership is an integral part of American history and commerce. In fact, about 90% of American businesses are family-owned. Business and families have varied purposes, so it should com...
How Spendthrift Provisions Work
A well-written, complete estate plan gives the maker a sense of contentment, peace of mind, and accomplishment. However, while drafting a Will or trust, people may ask themselves some tough questions ...
What Is Indemnification?
Fine print. Seems like contracts are full of it. The clauses and provisions that make up a contract each have a specific purpose, though. Indemnification, for example, is often used to protect a party...
Protecting Your Intellectual Property
The intangible nature of intellectual property makes it difficult to protect. You can’t just park a security guard next to your intellectual property to keep people from stealing it. In fact, intell...
Are Your Season Tickets an Inheritable Asset?
A person’s estate consists of assets they own at the time of their death. Common assets include cash, real property, sports paraphernalia, and jewelry. It can be difficult to characterize some prope...