"'Tis impossible to be sure of any thing but Death and Taxes." - C. Bullock (1716) One of the most common reasons people require assistance when making an estate plan is to deal strategically with the tax consequences of their various options. The Internal Revenue...
Estate Planning
Federal Estate Tax Limits Increased, Minnesota Limits Remain Low
The recent federal tax overhaul has had a significant impact on the estate tax. Previously, individuals could shelter up to $5.49 million in assets from federal estate taxes; married couples could shelter $10.98 million. The new law increased that limit to an...
Have you Nominated a Guardian for your Child?
Financial matters are a critical component to every estate plan, but there are numerous non-financial decisions that should also be made. If you are the parent of minor children, it's time to think about nominating a guardian. Understanding guardianships If you and...
How to Address Cryptocurrency in your Estate Plan
News channels have been reporting the massive rise in the popularity and value of cryptocurrency, for example "Bitcoin." Cryptocurrency is virtual money that is not backed by the government and is typically not held by banks or other traditional financial...
Don’t make these seven estate planning mistakes
Many people overlook the importance of estate planning. According to a recent study from BMO Wealth management, 52 percent of American adults do not have a will, 40 percent have not discussed their estate with their family, and only 28 percent are aware of their...