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Helping You Navigate Complex
Legal Issues

Helping You Navigate Complex Legal Issues

June 2014 Archives

Gregory A. Lang

Which type of trust is right for Minnesota residents?

For those who wish to put their assets into a trust, is it better to put them into a revocable trust or an irrevocable trust? A revocable trust is a trust that can be rewritten and changed as many times as the person the grantor wants. With an irrevocable trust, control of the trust is in the hands of the trustee and cannot be rewritten or the trustee fired without the consent of everyone named in the document.

Ongoing legal battle continues over Sterling Clippers sale

Minnesota residents may be interested in the ongoing legal battle between Donald and Shelly Sterling over the sale of the Los Angeles Clippers basketball team. The latest legal moves by both parties may delay the sale, as the league waits for resolution before moving forward with penalties against Donald.

Avoiding estate planning mistakes for special need kids

Minnesota families that include special needs children know the financial hardship that often accompanies a serious disability. However, trusts can provide a valuable financial tool that can help provide for special needs children when the parents are no longer alive. There are a few mistakes to look out for before creating an estate plan with a special needs beneficiary.

Inclusion of digital properties in estate planning

Minnesota residents who conduct business or other activities online should consider the importance of digital properties in their estate plans. Most people focus on a will as a means of managing the distribution of property that is tangible in nature, belongings such as jewelry, vehicles or real estate. However, as more than 50 percent of Americans handle activities such as banking online and as 90 percent use the Internet in some manner, many accounts need to be considered for their financial or sentimental value.

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