Real estate includes not only your primary residence (aka Homestead) but also other real estate like a vacation home or a rental property. The ideal form of ownership for each property depends on the type of real estate that you own. Here, we..
Estate planning – a term most believe is reserved for the ultra wealthy or those planning for their retirement. On the contrary, estate planning is an incredibly important tool and something every adult should do. Estate planning can help you..
Whether you are married with children, married with no children, recently divorced, never married, or retired with grown children, there are unique considerations that each individual or family should be thinking about when trying to plan their..
The tragedy of the helicopter crash which caused the death of NBA star, Kobe Bryant, sent shockwaves around the world. No one could have anticipated that he would pass away at such a young age when in perfectly good health. Why would anyone need..
With a push by the Democratic party, and Democratic Presidential Nominee Joe Biden, to return federal estate taxes to their “historic norms”, taxpayers need to act now before Congress passes legislation that could adversely impact their..
When it comes to estate planning, every family is different in their own unique way. What remains constant, however, is the need for each of us to think about what would happen if we pass away or become incapacitated. Of course, you don’t have..
On August 19th, the Minnesota Tax Court ruled in favor of husband and wife taxpayers who were found to have domicile in two separate states: Minnesota and Florida. The facts of the case were unique (you can read the entire opinion here), but the..
We are very pleased to announce that attorney Zach Wiegand has been named a Minnesota Super Lawyer Rising Star for 2020 by Super Lawyers Magazine for the Estate Planning and Probate practice areas. This is the fourth consecutive year Zach has..
What are the new estate tax numbers for 2020? The Internal Revenue Service recently announced that the Federal Estate & Gift Tax exemptions will be increasing for 2020. In 2020, individuals will be able to pass up to $11,580,000 free of any..