Estate Planner's Arsenal
The "Estate Planner's Arsenal" series highlights specific estate planning tools and their uses.
Estate Planner's Arsenal: The Irrevocable Life Insurance Trust
03/16/2013 - The "Estate Planner's Arsenal" series highlights specific estate planning tools and their uses. An Irrevocable Life Insurance Trust ("ILIT") is a relatively straightforward estate planning tool that is used primarily for reducing or avoiding estate taxes, as well as maintaining more control ...
Estate Planner's Arsenal: Common Probate Avoidance Tools
04/28/2012 - The "Estate Planner's Arsenal" series highlights specific estate planning tools and their uses. Clients often state that their main estate planning goal is to avoid probate. This article does not comment on whether probate avoidance is a good thing, as that depends on everyone's unique perso...
Estate Planner's Arsenal: The Revocable Living Trust
02/08/2012 - The "Estate Planner's Arsenal" series highlights specific estate planning tools and their uses. Generally speaking, a "Trust" is a tool for protecting and managing the distribution of your assets. Property is transferred to the Trust by re-titling the property in the name of the Trustee. ...
Estate Planner's Arsenal: The Pot Trust
10/21/2011 - The "Estate Planner's Arsenal" series highlights specific estate planning tools and their uses. The Situation. The Pot Trust is a useful tool when you have children and it may not be desirable for them to receive their full inheritance immediately upon your death. Generally, upon the first ...
Estate Planner's Arsenal: Disclaimer Trust
10/18/2011 - The "Estate Planner's Arsenal" series highlights specific estate planning tools and their uses. The Disclaimer Trust is an increasingly popular method for married couples to fully utilize the marital deduction in order to decrease possible estate taxes upon the second spouse's death, thus prese...
Anatomy of the Minnesota Health Care Directive
08/02/2011 - What is a Health Care Directive? Simply put, a Health Care Directive is a written document that lets people know what your wishes are regarding your own health care - to be used when you are incapacitated and unable to make decisions for yourself. Health care directives can range from bein...
Estate Planner's Arsenal: Transfer on Death Deed
06/29/2011 - The "Estate Planner's Arsenal" series highlights specific estate planning tools and their uses. The Transfer on Death Deed ("TODD") is a relatively new tool in the Minnesota estate planner's arsenal. TODDs became available in 2008 after Minn. Stat. Section 507.071 was signed into law. The T...
Estate Planner's Arsenal: Life Insurance
06/23/2011 - The “Estate Planner’s Arsenal” series highlights specific estate planning tools and their uses. Life insurance can be one of the most important and versatile tools in the estate planner’s arsenal. It can be critical in estates big and small, taxable and non-taxable. Depending on your a...
Power of Attorney Tips
05/30/2011 - A power of attorney is a signed document giving another person the legal authority to act on your behalf with respect to your assets. The person acting on your behalf is referred to as your “attorney-in-fact,” and is your agent. You are referred to as the “principal.” Powers of Att...