Minnesota Estate Planning Lawyers

Frequently Asked Questions

• What Is The Difference Between A Will And A Trust?
  A Will and a Trust serve different purposes. Most people don`t have either one. A Will and a Trust are similar in the effect that both let you designate exactly how you want your assets and other … more
• What Is An Estate Tax?
  The Estate Tax is a tax on the value of your property transfered to your hiers upon your death.  The federal government allows every person to give away, either through lifetime gifts or upon … more
• What Is An Advance Directive?
  It is a written tool used to guide health care decisions when an individual is unable to do so because of incapacity. Most people are familiar with the terms "living will" or "durable power of … more

Legal Articles

• What are the tax advantages and/or implications of annuities?
  One of the most attractive features of using annuities for retirement and/or estate planning may be the tax advantages that annuities provide. In some cases, however, depending on your tax situation, the tax advantages of annuities may not be sufficient to justify the purchase of annuities. As a result, it is extremely important to consult a tax advisor and/or an experienced … more
• The Uniform Transfers to Minors Act: An Overview
  The Uniform Gift to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) provide a way for parents to maintain control over property that is owned by their children. The Uniform Transfers to Minors Act provide some unique advantages for families and should be considered by parents who are looking to transfer wealth to their minor children.   Some of the advantages of the … more

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