Sometimes our procrastination gets the best of us. So many clients have said “we’ve been meaning to get our estate documents set up for YEARS.” For those of you that have made it to my office, cheers to you for checking that “to do” off your list. For those of you that still have it on your list, let’s talk…
Minnesota Governor Tim Walz recently proposed a budget for 2022-2023 with the goal of raising revenue and providing relief to those most impacted by the COVID-19 pandemic, calling it ‘Minnesota’s COVID-19 Recovery Budget. The budget calls for an increase in several taxes, and, specifically, a decrease in the Minnesota estate tax exemption from $3.0 million to $2.7 million. Estate taxes,…
This article is the second article in a two-part series addressing the process of estate planning. In the first article, I addressed the importance of information gathering, estate plan type selection, and signing of documents. In this second article, I’ll address the importance of what’s generally referred to as ‘titling’, communication, and updates to your plan. As you work through…
As most of us are at home right now, we are looking for ways to fill our time. For many, those items on our “to-do list” are starting to get crossed off. I have had a reminder on my calendar for almost two years now to update my estate planning documents. Kind of like the carpenter whose house is always…
An affidavit can be a very useful tool in the context of estate settlement. By definition an affidavit is a written statement where an affiant (i.e. a person) is swearing that the information contained in the affidavit is true based on their personal knowledge of the facts contained in the affidavit. Estate settlement is the process of settling a person’s…