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Probate and Estate Litigation Blog

July 2013 Archives

Mother of twin heiresses reportedly dodging questions over trust

When Minnesota residents set up a trust, they appoint a trustee to be in charge of the principal assets to provide for the beneficiaries. The trustee has a fiduciary duty to the trust, to ensure that it is financially solvent, so that it can provide for the beneficiaries where they need it.

Wills often bring tax trouble, even when there's no estate tax

Minnesota residents have no doubt heard of the debates over federal estate taxes, which pop up every few years in Congress. However these taxes, derided as "the death tax" by opponents, affect relatively few families. Currently, estates can transfer up to $5,250,000 before the federal estate tax kicks in.

James Gandolfini's will leaves most of estate to minor children

When actor James Gandolfini died from a heart attack last month at the age of 51, many of his fans in Minnesota were stunned. As it turns out, the star of "The Sopranos" had planned for the possibility that something like this could happen.

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