While movie fans have been shocked by the unexpected passing of some iconic performers over the last year, no other loss has perhaps resonated quite as much as that of comedic legend actor Robin Williams, who passed away earlier this month at the age of 63. Given some of the legal issues that have arisen …
Just how effective was Robin Williams’ estate plan? Read More »
Irrevocable trusts are a popular tool in estate planning, since they offer a secure and private way to transfer assets to the next generation while minimizing the tax impact on one’s estate. These types of trusts have a lot of benefits with one major caveat – the person creating the trust must give up control …
Trust prosecutors offer more oversight for irrevocable trusts Read More »
A lot of Minnesota have a shoe box (or hat box, or file folder) full of letters from past generations. These mementos of personal correspondence link us to our relatives who are no longer with us and give us a sense of the family’s history. Today, parents and grandparents are writing fewer long-form letters that …
Emails are the new shoebox full of letters from grandma Read More »
Setting up a healthcare proxy and putting together advanced care directives is a very important part of estate planning. Yet for some Minnesotans it presents a challenge since there might be a lack of suitable person to appoint as a proxy. Particularly for those without children or any nearby younger relatives, finding the right person …
Three trustees who have been charged with managing a charitable trust on behalf of a friend are now embroiled in a court battle over fair compensation for their work. To understand the case it is first important to know that there are various titles for people who manage an estate, including an administrator appointed by …
Dispute over trustee fees leaves many asking what is reasonable Read More »