[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] When celebrities disinherit their heirs, it creates some juicy gossip and clickbait. Making this decision for yourself, however, can feel heavy and overwhelming. There are many reasons why you may choose to disinherit a child or relative. Maybe your heir has become financially successful and no longer needs...
The Dangers of DIY Estate Planning
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] In the past 2+ years of pandemic living, many of us got used to doing tasks for ourselves that we never would have considered before. Whether it was homeschooling your children, becoming a seasoned pro at baking sourdough, or giving your dog a haircut, closed businesses and difficult...
Estate Planning Tips to Celebrate Pride Month
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Schromen Law, LLC is a supporter/ally of the LGBTQ community. We put in the work to competently and consciously represent individuals/couples in this community, and we strive to be intentionally supportive of and sensitive to gender expressions. We are always thrilled to help LGBTQ individuals and/or couples with...
Tasks After a Loss: What To Do in the Days Following Your Loved One’s Funeral
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] The funeral is behind you and the refrigerator is filled with hotdishes from the neighbors. While it might seem like all of the difficult work is behind you, there are still a number of tasks to be managed in the days following the service. To help guide you...
Tasks After a Loss: What To Do Immediately After a Loved One’s Death
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] When a loved one dies, the to-do list of tasks and notifications can feel daunting, especially when you’re also facing what feels like a mountain of grief. Over the next few weeks, we will offer guidance for the steps to be taken in the initial days, weeks, and...
Cryptocurrency & Estate Planning: What You Should Know
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Turn on the news or scroll through social media, and you will most definitely see words that would’ve looked like a foreign language not too long ago: blockchain technology, NFTs, cryptocurrency, bitcoin. While digital assets have been around for a while, they are certainly making headlines now —...
Estate Planning for the Modern Family
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] A traditional “nuclear family,” typically consists of a mother, father, and two children. However, what makes up a typical family structure in our society has shifted to a more complex structure, including step-children, cohabitation, same-sex couples, and blended family structures. While basic estate planning principles are similar for...
Estate Planning for New Parents
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] It is common that an event or experience will cause someone to take steps to start their estate planning. In my experience, it is the expecting, or birth, of a baby that most often leads people into my office. It may seem that amidst buying baby clothes and...
Federal and Minnesota Estate and Gift Tax: Knowing the Difference and 2018 Limit Changes
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] “In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin With this famous line written in 1789, Benjamin Franklin offered a friend some wisdom that has become one of his most-quoted quips. While some taxes are certain, Estate and Inheritance tax laws...
Questions to Ask Your Aging Parents
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] The idea of discussing your parent’s finances and estate planning can seem overwhelming and incredibly intimidating. After all, this is oftentimes the type of questions parents ask their children – not the other way around. However, as challenging as it can be to initiate this conversation, it is...