Someone filling out an advance healthcare directive.

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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Minnesota Trust Taxation

On June 28th, the Supreme Court denied review of a Minnesota case regarding the state’s taxation of trust income. The 2014 case was about Minnesota’s taxation of the income generated by four trusts. While the trustee, William Fielding, paid the tax bill, he filed suit after he was denied a $1 million refund, which represented…

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