» Estate Planning

Federal and Minnesota Estate and Gift Tax

Estate planning basically amounts to a way to give gifts at the time of your death. When you hear about the possibility of estate tax, you may wonder if it is possible to give the gifts while you are still alive and avoid estate taxes. This strategy…
Categories: Estate Planning

Intestate Succession in Minnesota Part 2 – What if I Don’t Have a Will?

If you die intestate, that is without a will, in Minnesota, your assets will go to your closest relatives under state “intestate succession” laws. Part 1 of this post explained what assets go to what set of relatives. But… Who Are My Descendant…

Intestate Succession in Minnesota Part 1 – What if I Don’t Have a Will?

So by now, everybody knows that it doesn’t look like Prince had a will. What happens next? If you die without a will in Minnesota, your assets will go to your closest relatives under state “intestate succession” laws. As Prince’s estate has s…

Incapacity Planning – “What if I Can’t Take Care of Myself?” – Health Care Directives

When people think about estate planning, people immediately think of what will happen to their property after they die. But estate planning covers much more than that. A competent estate planner will also counsel clients to plan for incapacity. Incap…

Incapacity Planning – “What if I Can’t Take Care of Myself?” – Power of Attorney

When people think about estate planning, people immediately think of what will happen to their property after they die. But estate planning covers much more than that. A competent estate planner will also counsel clients to plan for incapacity. Incap…

Incapacity Planning – “What if I Can’t Take Care of Myself?” – What Happens if I Don’t Plan?

When people think about estate planning, people immediately think of what will happen to their property after they die. But estate planning covers much more than that. A competent estate planner will also counsel clients to plan for incapacity. Incap…

Talking to Your Parents about Estate and Incapacity Planning

Many of the people I talk to know that they need to discuss elder issues with their parents, but aren’t sure how they can bring it up without causing offense. Here’s a great article from Real Simple to help frame conversations with your p…

How to be an Organ Donor

Most people are aware that organ donors are vital to save or improve the lives of millions of Americans. According to the U.S. Department of Health and Human Services, one organ donor can save up to 8 lives! Thousands of people die every day because…

Protecting Your Minnesota Family Farm

Financial Planner Rick Dunn’a article reminds Minnesota family farmers about the importance of homestead classification for estate planning purposes at Farm Futures.  Contact Lyon Law Office about protecting your heritage.
Categories: Estate Planning

What about my Facebook account after I die?

Social media giant Facebook recently added a feature that allows you to choose a Facebook friend to be a “legacy contact” for your page.  The friend can post updates, respond to friend requests, and update your profile photo.  The leg…
Categories: Estate Planning

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