While you can’t disinherit your spouse in Minnesota, you can disinherit your children. So what is the best way to disinherit a child in Minnesota? You can “draft around” the child. You can have an estate plan that divides your estate among individuals who are not the person or child you intend to disinherit. By…

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 estate tax upon their death. The estate tax is unified with the gift…

What the Secure Act Means for Minnesotans On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). The SECURE Act, which is effective as of January 1, 2020, is likely the most impactful legislation affecting retirement accounts in decades. The SECURE Act has several positive changes: It…

Prince’s Probate When Prince (aka Prince Rogers Nelson) died, most people were shocked to learn that he did not have any documents in place that would keep his affairs private. When a celebrity wants to keep their affairs private, they usually employ the use of revocable trusts to ensure that their assets will remain hidden…

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