by Chrystal | Nov 30, 2020 | All Law, Estate Planning
Transfer on Death Deeds Join Our Newsletter Since May of 2008, Minnesota law has allowed you to transfer title to real estate you own to a beneficiary expressly stating that the deed is only effective upon your death. The use of a validly executed “transfer on death...
by Chrystal | Nov 30, 2020 | All Law, Elder, Estate Planning
What Is a Power of Attorney in Minnesota? Join Our Newsletter A power of attorney is a document authorizing someone to act on your behalf. You determine how much power the person will have over your affairs. The person who authorizes someone else to act on his or her...
by Chrystal | Nov 30, 2020 | All Law, Estate Planning
Do you know the difference between “joint tenancy” and “tenancy in common”? Join Our Newsletter In order to properly plan your estate, it is crucial to understand the difference between these two types of property ownership. The ramifications for your family can be...
by Chrystal | Nov 30, 2020 | All Law, Elder, Estate Planning
How Do I Create a Power of Attorney? Join Our Newsletter An attorney is not legally required to prepare a power of attorney. However, you should know that powers of attorney are required to be: In writing; Signed by you in front of a notary public; Dated...
by Chrystal | Nov 30, 2020 | All Law, Estate Planning
What are the pros and cons of owning as a “joint tenant” or tenant in common”? Join Our Newsletter Joint Tenants vs Tenants in Common: Pros and Cons The choice of whether it is best to own property as a joint tenant or “tenant in common” will depend on a number of...
by Chrystal | Oct 12, 2020 | All Law, Estate Planning
Irrevocable Trusts in Minnesota Join Our Newsletter 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...
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