Grandma’s “Simple” Will – A Great Story!!

Grandma, bless her soul, was a generous lady. She wanted to name each grandchild in her will so that they would know how special each of them was to her. So, one day she decides to create her will with an on-line program. Keeping things simple, her will stated: All tangible personal property to granddaughter […]

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Love is in the February Air

February…the month of love. It got me thinking about marriage. So I hopped onto Urban Dictionary* to see how others define it. Among the traditional definitions, I found a few gems. One said marriage is “the number one cause of divorce.” Another one states marriage is “the most successful wealth transfer scheme ever invented.” Funny […]

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Let’s get charitable in the New Year!

Are you required to take minimum distributions from your IRA but you don’t want or need the additional taxable income? Are you charitably inclined? On a temporary basis since 2006, IRA owners have had the ability to exclude up to $100,000 from gross income for distributions paid directly from their IRAs to a qualified charity. […]

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Estate planning can be good for your health!

Did you know having a well thought out estate plan can help build a solid foundation for your health? Especially if you’re 50 or older – there are guidelines to follow if you want to maintain a healthy lifestyle. Let’s take a look at a few of them…and the sooner the better. Get lots of […]

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Sign Here, With Love

It’s a generous thing to do for your loved ones: Take care of important paperwork now so it’s easier for them later. Read the article which appeared in the September 2015 Thrivent Magazine.

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Parental Alert: Three Essential Documents for Your Young Adult Children

With the school year coming to a close, many families will be preparing their high school graduates for the future, whether it includes a post-secondary education or a full-time job. Parents are often surprised to learn that they no longer have legal authority to assist with or make decisions for their children once they turn […]

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Estate Planning for Real Estate Owners With Family Limited Partnerships

After years of uncertainty, debate and political maneuvering, the American Taxpayer Relief Act (“ATRA” for short) was signed into law by President Obama on January 2, 2013. This new law established “permanent” estate tax rates and exemption amounts relative to Federal estate and gift taxes. While some held out hope that the Federal estate tax […]

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Estate Planning for Pet Owners

Have you ever thought about what will happen to your pets in the event of your death? Find out how you can make arrangements for them within your estate plan. When the infamous hotel operator Leona Helmsley – known to many as the “Queen of Mean” – died in 2007, she created a stir by […]

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The Dangers of Estate Planning by Deed

Estate planning can be a complex process. When you take shortcuts, problems arise, especially when real estate is involved. A key estate planning objective for many individuals is to avoid the need for a probate administration of their estate – particularly real estate such as their home — after their death. Why? Because probate costs […]

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2013 Estate Planning Update

Annual Estate Planning Update 2013 proved to be a very busy year for the Minnesota Legislature, and several of the new laws have a direct impact on estate planning. Here are some of the highlights: Minnesota Gift Tax: Minnesota is now only one of two states to impose a gift tax, effective for gifts made […]

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