The manner in which you own shared property in Minnesota may impact your estate planning goals. It is important to know how your shared property is owned, and what that means in terms of what will happen with your interest should you die. Two common ways to own property in Minnesota are: 1) as “joint…
Owning real estate in multiple states is a dream or goal for some, and a reality that others may have already achieved. This means an individual could have their primary residence in one state, and a vacation home, cabin or timeshare in another state. Or they may have primary residence in one state, and rental…
There are numerous benefits to estate planning, but one that cannot be discounted is the peace of mind that comes with having an estate plan in place. No matter how large or modest your estate, it is inevitable to question what will happen with your hard earned assets should something unexpected happen to you. The…
There are not many things as Minnesotan as “a weekend up north at the cabin.” I am originally from Iowa, but shortly after moving to Minnesota in 2006 I learned that Minnesotans live for weekends on “the lake” (whichever one of the 10,000 they have staked a claim on!), and that these “cabins” are often…
