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February 2015 Archives

A look at 3 of the major estate planning tax exemptions

Minnesota residents may be interested in some of the major ways that estate and gift taxes can be avoided through proper estate planning. This can alleviate leaving a large tax burden on an estate, limiting the amount of wealth left to loved ones after death.

Estate planning lessons from celebrities

Failure to update an estate plan can lead to bitter disputes among heirs, and this was illustrated when the actor Heath Ledger passed away. Ledger died without adding his daughter to his will, which resulted in a costly and public legal battle. Joan Rivers was one celebrity who managed to avoid such pitfalls. The actress updated her will regularly, and the prudent use of trusts kept the details of her estate plan confidential.

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