On behalf of Peterson Law Office, LLC | Jul 3, 2019 | Estate Planning
It is many business owner’s or founder’s wish to pass the company along to their children. It often becomes even a more critical issue when a company has been in the family for multiple generations. In decades past, the transition of ownership was simply...
On behalf of Peterson Law Office, LLC | Jun 27, 2019 | Estate Planning
There have been many sensational news stories and countless movies over the years involving people faking their own death. There is the classic premise to avoid capture by fellow thieves or law enforcement. However, a man who once called Plymouth, Minnesota, home did...
On behalf of Peterson Law Office, LLC | Jun 11, 2019 | Estate Planning, Firm News
The U.S. divorce rate has gone down in recent years, but it is still over 40%. This means that many of us have parents on a second (or third) marriage, some of which lasted longer than the first one with children. So as couples get their affairs in order, it is likely...
On behalf of Peterson Law Office, LLC | Dec 27, 2017 | Blog, Estate Planning, Firm News
No one likes to think about having to enter a nursing home. The idea can seem especially unfathomable when you are in good health, no matter your age. However, the odds that you will never have to go into a nursing home are not something you want to gamble with....
On behalf of Peterson Law Office, LLC | Feb 14, 2017 | Estate Planning, Firm News
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....
On behalf of Peterson Law Office, LLC | Dec 6, 2016 | Bequest, Estate Planning, Firm News, LLC, Partners, Qualified Personal Residence Trust, Sale Of Asset, Trust, Vacation Home, Will
What’s Your Plan For The Vacation Home? Whether it is a palatial estate where Rockefellers and Vanderbilts would feel at home or a rustic cabin in the woods complete with an outhouse, a family vacation home often carries sentimental value that doesn’t show...
On behalf of Peterson Law Office, LLC | Oct 15, 2016 | Estate Planning, Firm News
It’s a good idea to review your estate plan every two to three years even if you haven’t experienced any major changes in your life or of your family. However, after the occurrence of significant life events such as marriage, divorce, the birth of a child,...
On behalf of Peterson Law Office, LLC | Oct 14, 2016 | Estate Planning, Firm News
When you hear the term “Living Will,” it means the same thing as “advance care directive,” “power of attorney for health care” or – as we know them in Minnesota – “health care directives.” A “Living...
On behalf of Peterson Law Office, LLC | Sep 2, 2016 | Estate Planning, Firm News
Times Have Changed Remember the TV sitcoms from the 1950s and ’60s that are now being rerun on late night TV? The TV shows “Ozzie and Harriet” or “Leave it to Beaver” both told stories of families consisting of a husband and wife and...
On behalf of Peterson Law Office, LLC | Sep 2, 2016 | Estate Planning, Firm News
Daughter Is Put On Elderly Mom’s Bank Account Putting a sibling’s name on Mom’s bank account can be a very bad idea. The solution seemed simple, as Mom was in poor physical and mental health. Daughter Amy was put on as a joint owner on Mom’s...
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