Coronavirus / COVID 19: Your Family Needs a Plan, Part 1

A Minnesota Estate Planning Attorney Explains that Estate Planning is Always Important: Not Just During Global Scares Coronavirus /COVID 19 News is Everywhere You can’t open any news course, or social media platform, without being inundated with news, rumors, pictures or stories about coronavirus. In fact, I’ve had several clients reach out to me to…

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How Could the SECURE Act Impact Your Retirement?

The new year brought new laws. One major piece of legislation that went into effect on January 1st is the Setting Every Community Up for Retirement Act, also referred to as the SECURE Act. With people living longer, more and more people are found in the difficult position of outliving their retirement savings. The SECURE…

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What Is the SECURE Act?

On December 20, 2019, President Trump signed a major piece of legislation called the Setting Every Community Up for Retirement Act (SECURE Act). The bipartisan bill became effective on January 1, 2020, and its goal is to help Americans with something they have long struggled with, the ability to save for retirement. The SECURE Act…

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Elder Care Mediation Series, Part 2: An Example

 A Certified Elder Care Mediation Specialist Explains Why Mediation Can Help Families in Dealing with An Parent in Need of Elder Care  Growing up siblings, Abby, Bonnie and Carolyn Olsen, were always close, but after their father died unexpectedly they found their relationship strained. They did not know what to do for their 80-year-old mother,…

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Elder Care Mediation Series, Part 1: What Is It?

A Guardianship and Elder Care Mediator Contested guardianship cases, like contested divorces, are often lose-lose encounters. Though someone will eventually emerge the “winner” by judicial decree, the emotional and financial cost to both sides often renders it a Phyrric victory. The battle only deepens the wounds which kindled the contest, and there is even less…

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How Long Does Probate Take in Minnesota?

Probate is the process in which a deceased person’s assets are gathered, debts are paid, and assets are distributed to beneficiaries. Basically, it is the court-overseen process of wrapping up a person’s affairs. Probate can be a lengthy process. In fact, the time it takes for probate to complete is a major reason many people…

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Impact of Court Challenge of Minnesota Trust Taxation

Challenges to Minnesota’s trust taxation have weaved their way through the court system. Those who incurred tax liability on trusts fought the taxation and won. After appeals affirmed lower court decisions, the issue was finally submitted to the U.S. Supreme Court. The U.S. Supreme Court declined to rule on the issue, which made the Minnesota…

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