Workplace romances are never advisable, but sometimes co-workers or business partners fall in love and get married. Unfortunately, they also sometimes fall out of love and get divorced. What happens next? While a divorce between co-workers can be awkward, a divorce between business partners can be … [Read more...] about No Longer Spouses, But Still Business Partners
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Estate Planning Don’ts
Preparing for the future is an uncertain business, but there are steps you can take during your lifetime to simplify matters for your loved ones after you pass, and to ensure your final wishes are carried out. Planning for what happens to your property, or who cares for your loved ones, upon your … [Read more...] about Estate Planning Don’ts
The ‘Sandwich Generation’ – Taking Care of Your Kids While Taking Care of Your Parents
“The sandwich generation” is the term given to adults who are raising children and simultaneously caring for elderly or infirm parents. Your children are one piece of “bread,” your parents are the other piece of “bread,” and you are “sandwiched” into the middle. Caring for parents at the same … [Read more...] about The ‘Sandwich Generation’ – Taking Care of Your Kids While Taking Care of Your Parents
Working with a Minnesota Probate Attorney to Understand the Steps of the Process
Even if someone has a will in place, it’s still likely that his or her estate should be overseen by a good probate or estate attorney in Minnesota. These professionals understand the incredibly complex process that goes along with closing out someone’s estate after he or she has passed away. Those … [Read more...] about Working with a Minnesota Probate Attorney to Understand the Steps of the Process
Advance Planning Can Help Relieve the Worries of Alzheimer’s Disease
The “ostrich syndrome” is part of human nature; it’s unpleasant to observe that which frightens us. However, pulling our heads from the sand and making preparations for frightening possibilities can provide significant emotional and psychological relief from fear. When it comes to Alzheimer’s … [Read more...] about Advance Planning Can Help Relieve the Worries of Alzheimer’s Disease
Family Business: Preserving your Legacy for Generations to Come
Your family-owned business is not just one of your most significant assets, it is also your legacy. Both must be protected by implementing a transition plan to arrange for transfer to your children or other loved ones upon your retirement or death. More than 70 percent of family businesses do not … [Read more...] about Family Business: Preserving your Legacy for Generations to Come
Own a business with a spouse? What happens after a divorce?
It is not unusual to have a family business. A business owned by one or both spouses, where one or both spouses work. A family business can be a wonderful thing while the spouses are happily married. But what happens in a divorce? Depending upon the type of business and the individual situation, … [Read more...] about Own a business with a spouse? What happens after a divorce?
Protecting the Family Cabin
Many people own a family vacation home--a lakeside cabin, a beachfront condo--a place where parents, children and grandchildren can gather for vacations, holidays and a bit of relaxation. It is important that the treasured family vacation home be considered as part of a thorough estate plan. In many … [Read more...] about Protecting the Family Cabin
Changing Uses for Bypass Trusts
Every year, each individual who dies in the U.S. can leave a certain amount of money to his or her heirs before facing any federal estate taxes. For example, in 2016, a person who dies could leave $5.45 million to his or her heirs (or a charity) estate tax free, and everything over that amount would … [Read more...] about Changing Uses for Bypass Trusts
