Tax Considerations for Your Pet Trust

      If you have set up a pet trust for the care of your pets after you are    no longer able to care for them, or if you are interested in doing so,  you may want to consider the following information regarding the  taxation of this type of trust.     There are… Read more »

How to Avoid Probate – Minnesota Estate Planning

By Michael Divine, Esq. In Minnesota, a probate is generally only required if an estate’s probate assets exceed $50,000. Accordingly, estate planning that aims to avoid probate must utilize strategies reducing the probate estate – often by transforming probate assets into nonprobate assets. The following is an introduction to some of the strategies we use to help our… Read more »

Where Must a Probate Take Place?

A loved one has died, and you know that a probate is needed, but where must that probate take place? When a resident of Minnesota dies the proper venue for the probate proceeding is the county where the person was domiciled at the time of their death.[i] Under the law, a person was “domiciled” in… Read more »