952.358.7400
Share

Estate Planning

Friday, February 14, 2020

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 Act was enacted in the hopes of curbing this problem. The measures put in place by this newly effective law may have a substantial impact on how people will plan for retirement.
Read more . . .


Tuesday, January 14, 2020

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 has some far-reaching measures aimed at things like increasing access to financial accounts that provide tax advantages and helping people save so that they do not outlive their assets.
Read more . . .


Thursday, October 10, 2019

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.
Read more . . .


Tuesday, June 25, 2019

Estate and Gift Taxes


Estate planning, when done properly, looks at many different angles above and beyond simply discussing who you wish to leave assets to. For instance, considering the tax consequences of your estate is a responsible thing to do during the estate planning process. Estate taxes can be significant and may take out a sizeable chunk from the net worth of your estate. It can be an unexpected financial hit to those who are expecting to inherit from your estate. Take a look at what estate and gift taxes apply in Minnesota before you begin theRead more . . .


Friday, May 24, 2019

Trust and Estate Mediations


A mediation is when a neutral third party, the “mediator,” aids disputing parties in reaching a resolution to the conflict through a structured, interactive process. There are many types of conflicts involving a trust or estate that benefit from being resolved through mediation. It does not matter whether or not the disagreement has risen to the level where the parties are already entrenched in litigation. Mediation may still be an option. It is a valuable option when you consider the time and money the parties will save with mediation as they avoid more time in court.
Read more . . .


Monday, March 11, 2019

Make Estate Planning Your New Year’s Resolution!


Many of us made New Year’s resolutions at the start of 2019. Many times, our resolutions involve improving our financial health, taking up a new hobby, or finally doing something we’ve put off for a long time. Why not combine all three and make your 2019 New Year’s resolution planning your estate?

At Unique Estate Law, we understand that Read more . . .


Sunday, February 10, 2019

Common Mistakes People Make When Estate Planning


At our law firm, we know that estate planning can seem complicated. If you try to do it on your own, without the benefit of an estate planning attorney, it usually is! However, even if you consult with an experienced estate planning attorney, there are some mistakes we, unfortunately, see people make when they begin or reengage in the estate planning process.


Taxes


One of the most common issues we see with estate planning clients is that estates do not leave enough revenue to pay estate taxes after the estate holder passes. This often means that the beneficiaries of the estate plan are forced to sell property like homes, boats, cars and other items simply to pay off their estate tax debt. An experienced estate planning attorney will help you carefully plan your estate so as to ensure that you avoid entangling your beneficiaries in these kinds of issues.
Read more . . .


Friday, January 25, 2019

Selecting a Trustee: What Are a Trustee’s Duties and Responsibilities?


A trust allows you to provide for others, and all trusts are managed by an individual known as a trustee.  It is important to select an appropriate and responsible trustee to ensure your intent is carried out and that your loved ones and other beneficiaries are cared for.
Read more . . .


Friday, December 21, 2018

When Should You Start Thinking About Estate Planning?


One of the most common questions we get at Unique Estate Law is when you should start thinking about estate planning. While earlier is always better, we know that everyone’s life circumstances are a little bit different, and your estate planning needs are unique from someone else’s. Having said that, there are a few indicators which can be signs that it is time for you to start the estate planning process.
Read more . . .


Tuesday, October 23, 2018

Do Your Adoption NOW!


A Minneapolis Estate Planning Lawyer Stresses the Need for LGBT Couples to Complete Their Adoptions NOW!!! 

I'm sure you're now aware of the current Federal Administration's continued hostility toward the LGBT community. It's more important than ever that you take steps NOW to protect yourselves in any way you can! If you and your same-sex spouse or partner have a child together, you need to do a step-parent (or second-parent) adoption as soon as possible. The process can take several months so starting the process sooner is a good idea.

Should I adopt my child even if my name is on the birth certificate?

The landmark Supreme Court case of Obergefell v. Hodge recognized for the first time same-sex marriage at the state and federal level.
Read more . . .


Friday, October 12, 2018

Is a Pour-Over Will Right for You?

Estate planning can be complicated. One of the biggest reasons it can be so difficult is that there is so much at stake: your legacy, your assets, and the well-being of your heirs. Another reason is that the terminology is often very confusing. If you are not an estate planning attorney, you likely do not know what many words and concepts associated with estate planning mean. One common example of this is something called a “pour-over” will. This is an incredibly common and important estate planning tool, but one most people do not know anything about. Read on to learn more about whether a pour-over will could be right for you.

What is a Pour-Over Will?

You likely know that a will is a legal instrument you use to specify who gets what pieces of your estate after you pass away. A pour-over will is a kind of will that ensures that any assets you have which are not explicitly accounted for in your will are placed into a trust at the time of your death. Think of it as one final protective sweep of your assets.


Read more . . .


Archived Posts

2020
2019
2018
2017
2016
2015
December
November
October
August
July
June
May
April
March
February
January
2014
2013
December
November
October
September
August
June
May
April
March
February
January
2012
December
November
October
September
August
July
June
May
April
March
February
January
2011
December
November
October
September
August
July
June
May
April
March
February
January
2010

← Newer12 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Older →


From within Hennepin County Unique Estate Law represents clients throughout Minnesota, including Minneapolis, Edina, Bloomington, St. Louis Park, Minnetonka, Plymouth, Wayzata, Maple Grove, St. Paul, and Brooklyn Park.


9.3Chris Tymchuck

© 2020 Unique Estate Law | Disclaimer
5901 Cedar Lake Rd., Minneapolis, MN 55416
| Phone: 952-358-7400

Land Trusts | Estate and Trust Mediation | Mediation | Step Parent Adoptions | Mediation | Estate Services

TwitterLinked-In PersonalLinked-In CompanyBlog RSS

Attorney Website Design by
Amicus Creative


9.3Chris Tymchuck