The Last Will and Testament of a friend of Franz Kafka, recently proved decisive in the release of previously unpublished works of the 20th century literary master.Franz Kafka was the author of such masterpieces as The Trial, The Castle, and The Metamorphosis.When...
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Estate Planning News
Tom Petty’s estate signals the importance of precise language
In creating an estate plan, many hope to preserve their own wishes, avoid future feuds between loved ones and more. However, even those with meticulously planned estates throughout Minnesota may fail to avoid a future dispute without clear, precise language.Late...
HOW TO CHOOSE AND EXECUTOR: ADVICE FROM TEDDY ROOSEVELT
Theodore Roosevelt, the 26th president of the United States, had a colorful career of occupations before he became president in 1901.One of his experiences was as a rancher overseeing hundreds of cattle in North Dakota.Of course, to do that he had many wranglers...
IS ARETHA FRANKLIN’S HANDWRITTEN “WILL” VALID?
Aretha Franklin, the legendary "Queen of Soul" died last August leaving an estate with an estimated value of $80 million. At first her lawyer said she died without a Will. But in May of this year, a search of her home in suburban Detroit yielded twelve pages of...
Does the new tax law make my estate plan obsolete?
If you have not updated your Minnesota estate plan since the new Tax Cuts and Jobs Act went into effect on January 1 of this year, you may wish to do so. One of the TCJA’s major provisions is the doubling of the federal estate tax exemption which increased...
Celebrity estate planning mistakes everyone can learn from
Estate planning is an arduous task for anyone, celebrities included. As a society, celebrities are held to a much higher standard. They have substantial incomes and lead extravagant lifestyles that most people could only dream of. So it's only natural to assume their...
What is a “Wrongful Death” Claim?
When a Loved One has died because of a negligent or intentional act of someone else, the survivors of the Loved one may have a claim for a money recovery against the person or persons who caused the death. We say "persons" because more than one individual may have...
LUND’S / BYERLY’S FOOD FIGHT – AND ITS LESSONS
The Lund family war that is now playing out in the courts is a sad and costly affair. It could end a Minnesota grocery tradition of nearly 80 years. Russell Lund converted a Hove's Grocery to the first Lund's store on Lake Street in Minneapolis in 1939. Russell and...