Safeguarding Your Rights And Future In Legal Storms
We here at the Lang Law Office often work with couples in Hennepin looking to set up joint trusts to help manage their assets and prepare for the transition of those assets to their children. If you have set up such an account with your spouse, you may believe that you will never have to amend it. Yet what if…
For many in Hennepin, the common school of thought is that estate planning begins and ends with determining who assets are dispersed to upon one’s death. However, another critical component to such planning is determining how he or she will be cared for prior to death. According to the website LongTermCare.gov, 70 percent of Americans over the age of 65…
Oftentimes, the clients with whom we work with here at the Lang Law Office have concerns about how their beneficiaries, specifically their children, will handle an inheritance. If you share these same concerns, there are steps that you can take to help manage your children’s inherited assets. The Bureau of Labor Statistics reports that as recently as 2007, more than…
Many of the Hennepin residents that have come to us here at the Lang Law Office are concerned about protecting their privacy. If you do not want the whole world to know of your assets and how you have chosen to bequeath them once you are gone, then you may be searching for a financial vehicle that will offer you…
When an individual dies, he or she may have left directions for how his or her estate was to be distributed. However, before that can happen, it is important to first inventory the assets in an estate and file a tax return for that estate. This is generally done by an executor of an estate or the trustee under a…
When people are planning their estates, some may want to either set up a charitable foundation or create a trust for charitable purposes. Courts will generally not hold these types of trusts to be invalid if they are unclear or if the charitable beneficiary is uncertain. Instead, if there is a question, courts will try to enforce the purpose of…
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. The Clippers franchise is owned by the Sterling Family Trust, with…