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…

I am very pleased to announce that I have been named a Minnesota Super Lawyer Rising Star for 2019 by Super Lawyers Magazine for the Estate Planning and Probate practice area. This marks the third consecutive year that I have been named to this list. You can check out my profile here: http://profiles.superlawyers.com/minnesota/burnsville/lawyer/zachary-wiegand/4c74ae63-ccdf-4eab-a8e4-a04e0a1a711d.html According to…

There are currently 13 states that have an estate tax in the United States. First, you may be wondering what an estate tax is. In basic terms, when you die the government (both the Federal government and your State government) wants to know how much stuff you owned at your death. Certain states set thresholds…

When you think of being able to prepare legal documents online and on the cheap, almost everyone I know has heard of Legal Zoom. We have all seen the commercials on T.V., advertising how your life will be better off by filling out their forms online and saving hundreds, if not thousands, of dollars on…

On June 19th Gold Leaf Estate Planning, LLC celebrated our 2-year anniversary after opening our doors on June 19, 2017. Over that timespan we have served hundreds of individuals and families throughout the Twin Cities and greater Minnesota by preparing Wills, Trusts, and other estate planning documents to ensure that if something happens to them,…

This question is one of the most commonly asked questions that I hear as a Minnesota probate attorney. Here is the typical scenario where this comes up. Mom or dad has died. Now the surviving spouse dies. The surviving spouse (let’s say it is mom in this case) left a bank account that the children…

When Will the SECURE Act Become Law? On May 23, 2019, by a vote of 417 to 3, the US House of Representatives passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 (H.R.1994). The SECURE Act will now head to the Senate for review. How long the Senate may take to…

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