Posts Tagged Estate Planning

Minnesota Transfer on Death Deeds: Effective Probate Avoidance Tools for the Right Situation

Many people that are considering estate planning have heard of the legal process of administering a deceased person’s estate known as probate. A person may have named death beneficiaries on bank accounts, retirement accounts, and investment account to avoid those assets going through probate. However, a probate would still be necessary if a person owns… Read more »

Minnesota Gift Tax

Last week the Minnesota Legislature wrapped up its session for 2013 by approving an omnibus tax bill that will have a major impact on Minnesotans looking at gifting as part of their estate planning. By brief way of review, up until last week Minnesota has not had a gift tax.  Federal tax law imposes a… Read more »