Category

Estate Planning

What Happens After an Estate Is Opened and How a Lawyer can Help you Avoid Opening a Probate Estate

There are many legal and valid ways for families to avoid the probate process altogether. A good lawyer will help you avoid probate in many circumstances and save fees in the process.
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The Legal Costs of Rising Farm Prices Impact Farmers’ Pocketbooks

Anyone who lives in a rural area knows that farm prices are through the roof right now. For those selling farmland, it’s great news. But many of the farmers I talk to are worried about the high costs. Beyond the simple “It’s too expensive to buy land right...
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Family farms: A model of business

The Atlantic magazine recently published a great article about family farms and how they’ve weathered changes on the industry to become hugely successful. This is the type of farming I see in my corner of Minnesota. The farms are all owned by families. While they may have...
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Agriculture a “Bright Spot” in a Down Economy – Earnings, Incomes increase in 2010

At a time when many farm families are struggling, it’s encouraging to hear good news about farm profits.  The Star Tribune recently reported that “Agriculture rebounded sharply in Minnesota, but gains weren’t evenly spread.”  Although not all farmers...
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Estate Tax Hurts Disproportionately Affects Farmers, Ranchers & Business Owners – Repeal Possible?

Periodically we hear about a possible repeal of the estate tax.  The Farm Journal reports that several lawmakers have introduced a bill to repeal the estate tax, citing its disproportionate impact of farmers, ranchers, and business owners.  It’s true that the estate tax...
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Farm Transition and Estate Planning Education Opportunity in Austin, Minnesota

I will be at an upcoming farm transition and estate planning workshop in Austin.  It will be a good opportunity for farmers to sit down together and learn more about this important topic.  I’m happy to share information about local educational opportunities for farmers. ...
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I am a Lawyer, I am a Mother, I am a Christian, I am hopeful.

I think it’s important that my clients know what to expect when they hire me, and part of that is knowing about my values.  I am a lawyer, and that means I will advocate for my client’s position.  You might think of me as a counseled adviser who speaks on you...
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Ways for Minnesota Small Estates to Avoid Probate

If you, unlike many of the people I talk with, have a will, congratulations on doing some estate planning for the sake of your family.  If you have ever lived through a grieving process while attempting to settle a loved one’s affairs, you know how draining, time-consuming,...
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Federal Estate Tax Changes for 2011 and 2012 – Increased Tax and Gift Exemptions Equal Flexibility

The 2010 Tax Act made some significant changes to the estate tax system that could affect your estate. Consider using the increased estate tax, gift tax, and generation skipping tax exemptions to your advantage through 2012.
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Should I Make my Adult Child an Owner on my Bank Account? No!

No matter how trusting and responsible you and your family are, putting an adult child on your bank account as an owner can backfire, causing unintended and expensive consequences.
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