Removal of a Trustee

Removal of a Trustee In creating a trust, the trustmaker must name a trustee who has the legal obligation to administer it in accordance with the trustmaker’s wishes and intentions. In some cases, after the passing of the trustmaker, loved ones...

Read More

How to Calculate Estate Tax

In order to predict how much your estate will have to pay in taxes, one must first determine the value of the estate. To determine this, many assets might have to be appraised at fair market value. The estate includes all assets including real estate...

Read More

Family Foundations: What, Why, and How

Families with significant net worth who have a tradition of philanthropy often consider establishing a charitable foundation as part of their estate plans.   While there are a number of advantages to using family foundations as a philanthropic ...

Read More

Minnesota Gift Tax – Update

MINNESOTA IMPOSES GIFT TAX On May 20, 2013, the Minnesota Legislature passed the Omnibus Tax Bill, which includes significant changes to Minnesota tax law.  One major change under the Bill is the imposition of a Minnesota-specific Gift Tax effective ...

Read More