They say that a picture is worth a thousand words. In this month’s update, I share two pictures to illustrate two important Minnesota estate tax planning strategies. In general, I try to limit the length of my monthly advisory updates to 500 words. For purposes of this month’s advisory update, I hope that each of […]
In a few weeks, many of us will complete online NCAA Basketball Tournament brackets for office or family pools. My team selections are generally not based on any knowledge of a team’s merits, but instead on their geographic location, conference membership or, if my daughter is looking over my shoulder at the time of my […]
I am pleased to announce that our law firm is now “Veritage Law Group.” Veritage is a combination of two words – “Veritas,” which is Latin for “truth,” and “Heritage.” This new name conveys our firm’s mission: to implement an estate plan unique to a client’s faith beliefs, family relationships and community commitments –the components […]
August in Minnesota means the State Fair, Twins and Vikings blowout losses, the last few days at the cabin, and “back to school” events. While my children are still a few weeks away from starting school, friends and clients are already seeing their young adult children off to college. In this month’s advisory update, I […]
“Son, we have decided that your brother is going to lead our family company.” Those of us who are “Minnesota nice” have a difficult time initiating difficult conversations, especially with family. For example, have you and your spouse had conversations about his or her wishes to remarry if you die? (without naming names, of course). […]
“How Much Rent Can I Legally Charge my Mother-in-Law?” Even before the outbreak of COVID-19 last March, I was interacting with an increasing number of clients considering multi-generational living arrangements. According to an article last week in the Wall Street Journal, the incidence of these multi-generational living arrangements, defined as multiple adult generations living together […]
“Golf is a game whose aim is to hit a very small ball into an even smaller hole with weapons singularly ill-designed for that purpose.” Winston Churchill. As a golfer, I have come to realize, through many poorly-played rounds, that the use of the correct “tool” (that is, club selection) is of critical importance in […]
“The only thing constant in life is change.” Heraclitus, Greek philosopher. Ahead of the upcoming November election, this month’s update provides a brief overview of those policy positions of Joe Biden and Donald Trump that impact estate planning decisions. I am by no means attempting to endorse a candidate, to or to predict the outcome. […]