With any legal case, there are several factors to consider in deciding whether to appeal, as discussed in my previous blog, “To Appeal or Not to Appeal. That is the Question.” But in addition to those factors, there are certain features of trust and estate matters in...
At Lommen Abdo, we are always looking to bring in the best attorneys to serve the needs of our clients in Minnesota and Wisconsin. We are very happy to introduce the newest member of our team, attorney Nathan Heffernan. Nathan’s practice is focused on business and...
The needs of our clients are varied and extensive, and with that in mind, we are continually cultivating the best team of attorneys to serve our client base. Heidi Torvik has recently joined us, focusing on medical malpractice, motor vehicle accidents, products...
Many people have never heard of a probate until a parent, or another loved one, passes away. After the death, you may experience difficulty accessing their accounts or transferring an asset such as their home. Probate is the process of getting authority to access...
Lommen Abdo recently launched a new website, www.lommen.com, complete with easier to access practice area pages, updated attorney biographies and a fresh new look. We sat down with Lommen Abdo President, Marc Johannsen, to ask him a few questions about the new site....
Join us in congratulating Lommen Abdo attorney Sara Wilson on being named a shareholder! “Sara is, unquestionably, a huge asset to our team at Lommen Abdo. Her breadth of experience leads to creative problem solving on behalf of our clients and her passion is clear in...
Lommen Abdo attorneys are recognized by their peers in the 2021 Minnesota Super Lawyer lists. Congratulations to Bob Abdo, Creig Andreasen, Keith Broady, John Crawford, Kay Nord Hunt, Marc Johannsen, Cameron Kelly, Reid Lindquist, Kathleen Loucks, Mike Moline, and...
Many clients come to the estate planning process having heard about revocable trusts, and have questions about whether a trust is right for them. This article explains how a trust helps to avoid probate, and may help you decide if a trust is right for you. Probate...
A frequent concern for estate planning clients is how to avoid owing estate taxes at their death. Because the estate tax has become a political issue, some of these clients are also concerned about how the election results might impact the estate tax. The following is...
Sara Wilson has joined Lommen Abdo in its Minneapolis office. Sara has unique experience in being fully capable of handling both transactional and litigation matters. Sara's transactional practice includes assisting clients with the purchase, sale, leasing, financing,...
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a 2019...
Traditionally when we think of estate planning, we think of transferring assets upon death pursuant to wishes conveyed as part of a Last Will and Testament or a Revocable Trust. Assets held in a revocable trust will pass directly to beneficiaries named in the trust...
They focused on client successes (not their own). They helped our clients accomplish goals. And, in the end, they gave our clients peace of mind. While Lauren Nuffort, Cameron Kelly and Jesse Beier may have different practices, they share a philosophy of the “client...
For most people, the term “estate” conjures visions of stately mansions, fountains, private jets, and other luxuries associated with the superrich. However, if you own anything when you die, you have an estate. Your estate includes personal property, real estate, bank...
Business owners are busy. Starting, running, and growing a business takes time, and normally carries the business owner well outside of the bounds of a normal nine to five business day. It should, therefore, come as no surprise that most business owners have no...
Federal Estate and Gift Tax Exemption: The IRS announced the official estate and gift tax limits for 2019 late in November of 2018. The federal estate/gift tax exemptions for an individual increases to $11.4 million, up from $11.18 million in 2018. This means an...
Minnesota income taxes are currently among the highest in the nation, which is why many of our estate planning clients prefer to create trusts that will be taxed in other states. Many of these other states, such as South Dakota, have no income taxation, and favorable...
I spend a lot of time talking to clients about property, but at its core estate planning is about family. Clients want to ensure that their family will be taken care of. For parents of young children, the most important family decision is the selection of a guardian....
Do you have a legal question? Contact us today. We are here to help you!