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When you find out you're expecting a kid, unsolicited baby supplies and advice start coming at you from every direction. People seem to have an opinion about what food you feed your baby, what kind of diapers you use and what kinds of toys you let your kid play...
There's always a new reason you can invent to avoid planning your estate or creating your last will. You may hope to add new members to your family or think about acquiring new assets in the next year or two, such as a vacation home. Surely, you tell yourself, it's...
By: Jim Conway, Shareholder Estate planning, including writing a will, is important to accurately describe who you wish to inherit your property and to avoid infighting among heirs, particularly where a person has no living children. In Minnesota, a person that dies...
It is getting easier to apply to become a 501(c)(3) charity. The IRS has released a new simplified form for charities having less than $250,000 in assets and having gross annual receipts of less than $50,000. This is a change from the standard 26 page which will...
As a result of recent legislation, Minnesota's minimum wage rates will rise according to the following chart:Large employers (gross volume of sales made or business done of $500,000 or more per year) must pay at least $8 an hour Small employers (gross volume...
Estate tax planning is important to many Minnesotans because Minnesota is one of nineteen states that collects a death tax. Unlike the $5.34M threshold for federal estate taxes, Minnesota has a much lower individual exemption (amount you are allowed to pass without...
Make a Strong Devise "Downton Abbey" and Pride and Prejudice each are stories besieged by the perils of a now-abolished type of gift in land called the fee tail. A fee tail is created by making a gift of land "to John Doe and the heirs of his body." This creates...
