Unfortunately some of you will find out someday… Under Minnesota law, if there are multiple owners of real estate, any single owner may unilaterally start a partition action to force the sale of land. This is a very lengthy and expensive process as the Court must appoint referees who first value the land, then list it for sale and finally…
With the Christmas season it seems like a good time to talk about legal consequences of gifting. Of course I’m referring to gifting from an estate planning perspective. With the possible major changes coming in estate tax law, the estate tax implications may change but many other issues will remain the same and are largely misunderstood. Why gift your assets?…
Do you have a “non-traditional family”? You may think of that one crazy uncle or that cousin who often has a few too many at the family get together. A variety of things probably come to mind when you hear this term and it will be very different for all of us. For our purposes, we are going to define…
A law was passed several years ago that basically allows you to put beneficiaries on your home. You should sign and record this deed now but it has no affect until you pass away – meaning you can sell or refinance without needing the beneficiaries to consent or sign anything. You can also revoke this deed before your death if…
As the planning Attorney you do not always see how the documents you’ve thoughtfully drafted for clients work in real life. When I meet with families that come in for estate planning and we talk through all of their goals, assets they own, how they want to distribute them, etc. We put together a plan that fits with the picture…