Christensen will serve as Director – Prosecution Division.
Non-Judicial Settlement Agreements
Some individuals may be ‘stuck’ with Irrevocable trusts that no longer meet the intended goals of their trust. Or perhaps the goals themselves no longer make sense in light of changed circumstances. The new Minnesota Trust Code allows more flexibility for trusts to be altered or terminated by agreement between all current and remainder beneficiaries without…
The Lake Elmo City Council approved a recommendation to move forward with a new city prosecutor and has selected Eckberg Lammers Law firm to fulfill that role.
In State v. Thompson. the Minnesota Court of Appeals ruled that the State cannot prosecute drivers for refusing to submit to a warrantless urine test.
Cities frequently issue long-term general obligation bonds to provide funds to acquire real property, but another option is available.
Called HR Counsel, the telephone hotline caters to businesses, municipalities and HR professionals in MN and WI.
Five attorneys receive 2015 Super Lawyers/Rising Stars designation.
An irrevocable trust is a separate legal entity, with its own tax identification number, set up by the Settlor (the trust creator) to hold assets. Once assets are transferred to an Irrevocable trust, they cannot be taken back, and the terms of the Irrevocable trust generally cannot be changed after the document is executed. Assets that are transferred to the trust are considered ‘gifts’ to the trust.…
First, some recent changes to the Minnesota estate tax environment to consider:
1. Minnesota had a gift tax for a short time – it has not been retroactively repealed
2. Estate Tax exemption amount (the amount a person can pass on to heirs free of estate tax) is changing. It was $1 Million per person for a long time. Now it is rising as follows:
The purpose of a Will is to pass assets per your wishes, and to select the person you want to be responsible for distributing your assets.