MN Estate Planning & Elder Law
Ron has observed that many, if not most, of his friends and acquaintances have never “gotten around to” drafting and executing these critically important documents. “Wills, powers of attorney, TODDS and health care directives are so inexpensive and easy to do that there is no excuse for not taking care of it [MN Estate Planning],” Ron says. Ron believes that everyone owes it to him/herself to get these estate documents done properly to insure that their assets are distributed according to heir wishes and their family is assured that everything is in order. “We work so hard all of our lives that we need to make sure all of this effort has not been expended in vain” Ron reminds us.
MN Estate Planning
Estate planning is not just for the wealthy. Everyone needs an estate plan. Everyone needs several key documents to be prepared for life’s unforeseen circumstances. We set up estate plans to efficiently managing our assets while we are alive and distribute them- the way WE want it done- after we die.
The primary objectives of an estate plan include the following:
- Ensuring that your assets will provide you with the income and resources on which to live comfortably;
- Ensuring that upon your death your assets will go to the people and/or organizations you wish;
- Minimizing estate taxes, fees and other costs, and
- Designating the best person(s) to make financial and/or health care decisions for you in the event that you become incapacitated.
A properly-prepared estate plan lets each of us decide for ourselves the best choice for our own families (such as who should care for my minor children, who should receive my property, which charitable organizations should receive a share of my assets, and who should wind up my affairs). But if you fail to plan, you plan to fail!
MN Elder Law
Elder law covers the many legal issues we all confront as we age. Many of us will have to eventually deal with estate planning, retirement planning (and its tax implications), healthcare issues and the requirements for Medicare or Medicaid, and guardianship issues, as we age.
Elder law issues and planning should be started well before retirement age. Planning is even more urgent if you have elderly family members who are disabled or have special needs.
Berglund Law Office can help you navigate the complex and confusing maze of rules and regulations we all face on this journey.
MN Family Law
- Marriage Dissolution (Divorce)
- Child custody, visitation and child support
- Spousal support (maintenance)
- Domestic abuse
- Modification of decrees
- Prenuptial agreements
Today it is estimated that over 50% of all marriages end up in divorce. Divorce is never easy. Everyone suffers when couples split up– the spouses, their children and even their friends and relatives. Issues that must be dealt with include the division of marital property (including real estate, personal effects, investments, and retirement funds).
Also important are issues of child custody, visitation, child support, and spousal maintenance.
We understand that every case is unique. We take the time to learn about you and your family so we can provide you with legal counsel and advocacy customized to your unique situation.
MN Real Estate Law
Berglund Law Office has decades of experience helping clients successfully work through real estate transactions. Commercial and residential real estate ownership can be complicated. Liens, zoning problems, easements, inspections and other legal requirements can arise at any point along the way.
Anyone contemplating the sale or purchase of real estate needs to know their legal duties and obligations, whether it will be a personal or business transaction.
We can address legal issues arising from the purchase, sale, or management of property in Minnesota. Requirements for purchase or sale, compliance with federal or state housing regulations and zoning rules, inspections, title searches, financing and other matters require the assistance of experienced legal counsel.
MN Small Business Law
Today’s business world has grown increasingly complex and difficult to navigate. State and federal regulations and recent caselaw continue to make setting up and operating a business more challenging than ever.
Every small business owner is faced with an ever-expanding array of hurdled from the outset including the choice of business entity, necessary agreements, financing arrangements, compliance and human resources issues and much more.
Business owners often require guidance relating to the purchase or sale of a business, buy-sell agreements, regulatory compliance, and business succession planning. Each of these matters requires experienced legal counsel to navigate the myriad of issues and challenges to keep your company operating smoothly.
Berglund Law Office has represented many local businesses and members of the business community for decades. Sound business and legal advice can be priceless when faced with the complexity of today’s business environment.
our Guide to Minnesota Law Relating to Probate, Trusts & Estates
Attorney Ronald Berglund’s easy to read overview of Minnesota estate planning is a must for every Minnesotan who needs a basic understanding of Minnesota law relating to estate planning, probate, wills, trusts and trusts. Berglund reminds us that estate planning is not just for the wealthy, because EVERYONE has an estate. Even those of us with modest estates still need a plan. Estate Planning describes each of the documents we need to help us plan for life’s certainties.
Prior to the enactment of Minnesota’s “trust-busting statute” (Minnesota Statutes section 501B.895), several different trusts were commonly used for Medicaid planning. Revocable trusts—which by definition can be changed or rescinded by the trust maker—never worked for...
A comprehensive estate plan can do more than simply take care of issues which arise when we die. A good plan can also help you prepare for things that may happen while you are alive. Your plan can help you determine who receives your assets when you die, as well as...
Irrevocable trusts are also commonly used as a method of reducing assets to avoid payment of estate taxes upon death. As the federal estate tax exemption has grown over the years to over $11.5 million for a single person, however, estate tax liability has become less...
—Client (Richfield, Minnesota)