Why Should Married Couples Consider a Joint Revocable Trust?

Why Should Married Couples Consider a Joint Revocable Trust?

Married couples can sometimes find estate planning via a revocable living trust to be complicated. It often involves establishing two trusts and separating jointly-owned assets so that the intended planning for the couple’s assets can take effect regardless of...
The SECURE Act:  How it Impacts Your Estate Plan

The SECURE Act: How it Impacts Your Estate Plan

On December 20, 2019 the President enacted legislation that significantly changed the rules that govern passing retirement accounts on to beneficiaries. For how dramatically the new law alters the previous regime of rules and regulations, it is almost ironic that...
Trustee  Services (Trust Administration) Offered

Trustee Services (Trust Administration) Offered

Since 1995 our firm has counseled clients on estate planning, with an underlying premise being that easing the transition after a loss of a loved one is a meaningful gift to family and friends. As part of their estate plans, many clients choose to establish...
COVID-19 Relief for Estate and Gift Q&A from the I.R.S.

COVID-19 Relief for Estate and Gift Q&A from the I.R.S.

On April 23, 2020 the I.R.S. posted information on issues raised by the COVID-19 relief time extension granted to taxpayers to fulfill their estate, gift and generation-skipping tax obligations.  Below is are the questions and answers provided by the I.R.S..  The...

2020 Tax Reference Guide

Our friends at Business & Estate Advisers, Inc. in Wayzata have put together the following 2020 Tax Reference Guide for our Wayzata law firm.  If you have questions about the impact of 2020 tax law on your estate plan, we’d be happy to discuss it with you. ...