Posts Categorized Blogs

Estate Planning Considerations That Benefit From a Revocable Trust

Southern Minnesota Estate Planning Attorney For many who are ready to begin the estate planning process, they often think it involves simply creating a will. However, while a will is important, there often much more involved in the estate planning process. One option that you have is to create a revocable trust, but just the… Read more »

An Overview of Trusts

Minnesota Trusts Lawyers at Hero, Jorstad & Jacobsen You probably know you need a will for your estate planning needs. However, there are many estate planning advantages to having a trust. What is a trust and which type of trust will best serve your needs? What Is a Trust? A trust is a written agreement… Read more »

What Is Probate and Estate Administration?

Minnesota Probate & Estate Administration Lawyer Losing a loved one is a situation we know we must one day experience. Not only do we deal with the loss and emotional toll, but also with the many important steps involved in allowing the deceased to rest. Family and friends of deceased loved ones often wish to… Read more »

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 »

An Overview of the Probate Process in Minnesota

Probate is the legal process by which a deceased person’s property, known as the “estate,” is passed to his or her heirs and/or devisees (people named in the will) after his or her death. Property which the decedent owned individually, items payable to the decedent or to his or her estate must pass through probate… Read more »