Prepare Your Trustee to Manage Your Trust.

Minnesota Estate Planning Attorney Advises You to Talk to Your Trustee About Your Trust. One of the jobs of a Minnesota trust lawyer is to help clients choose the person who will be responsible for a trust that has been set up.  This trustee has several very important jobs, and things will go smoother if he or…

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Changing Uses for Bypass Trusts

Minneapolis Estate Planning Lawyer Explains the Reasons Why You May Want a Bypass Trust Every year, each individual who dies in the U.S. can leave a certain amount of money to his or her heirs before facing any federal estate taxes. For example, in 2013, a person who died could leave $5.25 million to his…

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Leaving a Timeshare to a Loved One

Minnesota Estate Planning Lawyer Discusses the Issues with Leaving a Timeshare to a Beneficiary  Many of us have been lucky enough to acquire timeshares for the purposes of vacationing on our time off.  Some of us would like to leave these assets to our loved ones.  If you have a time share, you might be…

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What is a Successor Trustee

A Minneapolis Estate Planning Lawyer Defines a Successor Trustee and Explains Why You Should Have One You did everything right. You sat down with a lawyer, paid her to draft your estate plan, created a living trust and named each other as trustees. But, the unthinkable happened and your spouse died before you did. You…

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Can You Remove A Trustee?

A Minneapolis Estate Planning and Probate Attorney Talks About the Process of Removing of a Trustee In creating a trust, the trustmaker must name a trustee who has the legal obligation to administer it in accordance with the trustmaker’s wishes and intentions. In some cases, after the passing of the trustmaker, loved ones or beneficiaries…

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Testamentary vs Revocable Living Trust

The world of estate planning can be complex. If you have just started your research or are in the process of setting up your estate plan, you’ve likely encountered discussions of wills and trusts. While most people have a very basic understanding of a last will and testament, trusts are often foreign concepts. Two of…

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