One of the unfortunate guarantees in life is that no one lives forever. At some point in time everyone will pass away. People wish to ensure that their possessions are given to certain individuals or entities, which may include: family members, friends, charities or...
Trusts are some of the most powerful tools in estate planning. They can be set up to achieve many purposes, including protecting personal assets, avoiding taxes, providing for vulnerable loved ones, or providing funds for a charitable cause. Trusts can even go into...
The 2017 Tax Reform Act provided opportunities for individuals and couples who do a little planning to continue to make the most of their charitable giving and save a few tax dollars as well. One of the biggest changes was that the Tax Reform Act eliminated personal...
The end of 2018 is fast approaching and every year there are valuable items to consider. Do you have your items in order for year end? Planning today can help you achieve your desired outcomes. We know schedules can be demanding so here are the key items to consider...
On June 11, 2018, the United States Supreme Court upheld the retroactive application of a 2002 Minnesota statute which established a default rule that "the dissolution or annulment of a marriage revokes any revocable...beneficiary designation...made by an individual...
Brad Hanson, a long-time Trust & Estates attorney with Quinlivan & Hughes, testified Thursday before the Minnesota Senate to continue his efforts to bring about a law change that would benefit farm and small business owners. Hanson has been working on a bill...
The Tax Cut and Jobs Act, which went into effect Jan. 1, 2018, will affect most people in the country. The impact may differ for each person or family. Almost everyone will have lower tax rates, the standard deduction has doubled, and the child credit has increased....
Jolene Klocker Schley has been appointed to the board of directors of the Light the Legacy and will serve a three-year term to help advance the organization's efforts to improve end-of-life care for the people of Central Minnesota. Since its inceptions in 2009,...
The end of the year is fast approaching. Do you have your items in order? Planning today can help you achieve your desired outcomes. We know schedules can be demanding so here are the key items to consider to better prepare yourself and your...
In 2013, the Minnesota legislature approved a number of changes to the Minnesota Statutory Short Form Power of Attorney. Although the form appears similar to previous versions, it does contain a number of significant changes. Notice to the Principal and...
