Minnesota imposes a state-level estate tax on assets when a Minnesota resident, or a non-resident holding property located in MN, dies with assets in excess of the exemption amount. The exemption amount is currently $3.0M. (more…)
This blog is intended to provide the reader with assistance in understanding various estate planning and trust estate planning concepts. In an effort to keep things as digestible as possible, I have tried to keep each blog post as short as possible. As a result, an astute reader would see that I often fail to address various exceptions to rules or principals, or how various principles relate to one another. There are a number of moving parts associated with various planning structures summarized on this blog. In order to achieve your estate planning objectives, it is important that you receive the assistance of an experienced estate planning attorney. Otherwise, your family may be in a worse position for your having attempted these strategies on your own. Until we form an attorney-client relationship, you should be aware that your visiting this blog has not formed an attorney-client relationship, and none of this information can be taken as legal advice. To contact my office about scheduling an appointment, contact us at 612-465-0080.