On behalf of Peterson Law Office, LLC | Mar 9, 2020 | Estate Planning
If you have children from a first marriage, entering into a second or third marriage has implications for their ability to inherit your estate. If you die without a will in Minnesota, your spouse will receive the first $225,000 in assets from your estate plus half the...
On behalf of Peterson Law Office, LLC | Feb 7, 2020 | Estate Planning
Many people put off estate planning. Perhaps they prefer not to think about death while they are young and healthy. The old saying goes, “failing to plan is planning to fail.” That is a very accurate statement when it comes to estate planning. If people in your life...
On behalf of Peterson Law Office, LLC | Jan 13, 2020 | Estate Planning
Establishing, maintaining and updating, when necessary, a Minnesota estate plan represents one of the most loving things you can do for your family. It also represents the one sure way by which you can make your preferences known. Unfortunately, many people, including...
On behalf of Peterson Law Office, LLC | Oct 15, 2019 | Estate Planning
If you have an aging father, you may have had a few conversations about his end-of-life wishes. For a variety of reasons, creating a comprehensive estate plan is an effective way to ensure your parent keeps some control over what happens to assets after death. Still,...
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...
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