It’s become more and more common now to see clients come in with estate planning or probate cases that involve multiple states. From clients with a family cabin across the border in Wisconsin or mineral rights to land in North Dakota to “snow birds” who spend the winters away from Minnesota’s … [Read more...] about Issues to Consider with an Out-of-State Probate
Leaving a cabin or vacation home outright to your loved ones can create more family conflict and problems than you might think. While the property may have been a peaceful haven for you and your spouse throughout the years, your children may not look at it the same way when it becomes theirs to … [Read more...] about How To Avoid Conflicts When Passing Down The Family Cabin
Most people believe that probate should be avoided if at all possible. It can be an expensive, time-consuming process that exposes your family’s private matters to public scrutiny via the judicial system. It sounds simple enough to just gift your property to your children while you are still alive, … [Read more...] about Should I Transfer My Home to My Children?
Establishing a Life Estate is a relatively simple process in which you transfer your property to your children, while retaining your right to use and live in the property. Life Estates are used to avoid probate, maximize tax benefits and protect the real property from potential long-term care … [Read more...] about Overview of Life Estates
You are purchasing a home, and the escrow officer asks, “How do you want to hold title to the property?” In the context of your overall home purchase, this may seem like a small, inconsequential detail; however nothing could be further from the truth. A property can be owned by the same people, yet … [Read more...] about Overview of the Ways to Hold Title to Property
Considering how you hold title to your real and personal property, as well as any beneficiary designations you have created, is a key piece to Total Estate Planning. The title and your designated beneficiaries will control how your real estate, bank accounts, retirement accounts, vehicles and … [Read more...] about Coordinating Property Ownership in Your Estate Plan
Regardless of how long you have been married, negotiating a settlement is the most important part of the divorce process. Although it is no easy task, working with your spouse to arrive at mutually agreed terms of your marital dissolution is easier on your wallet and your psyche. Whatever conditions … [Read more...] about Seven Tips for Negotiating Your Divorce Settlement
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
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?