Appointing a Power of Attorney: Key Considerations

Have you ever thought about who would manage your affairs if you were unable to? Appointing a Power of Attorney (POA) is an important step to ensure your financial decisions are managed by someone you trust, from paying bills to managing investments. This choice grants a trusted individual the legal authority to act on your…

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What is an Advance Directive?

An advance directive is an important part of an estate plan although it is much less discussed than other legal tools. There tends to be a focus on wills and other instruments that are used to distribute a person’s assets and property and advance directives do not do this. Instead, advance directives are critical parts…

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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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