Minnesota in the top 7 states for Nursing Home Cost growth

Genworth Financial came out with their annual cost of care survey for 2017. The good news is that Minnesota is currently ranks Number 24 in the annual cost of care. The average annual cost for a semi-private room in a nursing home now tops $98,000. The bad news is that Minnesota’s cost of care is […]

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Do You Know Who Will Decide Where You Are Buried?

It’s something many people don’t think about when planning, but the consequences of having no plan, or a bad plan, can be heartbreaking. A few months ago I was contacted by Jenny*, whose father had died the day before. At the time of his death Jenny’s father was married to a woman who was not […]

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Reconsider Outright Inheritances

How to Protect Your Heirs and Your Legacy from Bad Decisions and Outside Influences Estate planning is an important and everlasting gift you can give your family. And setting up a smooth inheritance isn’t as hard as you might think. – Suze Orman After working diligently for decades to achieve your financial goals, you understandably […]

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What the Recently Released 2016 IRS Inflation Adjustments Mean for You

The Internal Revenue Service has released the official inflation adjustments that will affect 2016 federal reporting for estate taxes, gift taxes, generation-skipping transfer taxes, and estate and trust income taxes. These changes will affect the way your accountant and your attorney help you plan as 2015 comes to an end. 2016 Federal Estate Tax Exemption […]

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These States Will Usher in Changes to Their Death Taxes in 2016

In 2015, there are still 20 U.S. jurisdictions that collect a death tax at the state level: Connecticut, Delaware, District of Columbia, Hawaii, Illinois, Iowa, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Nebraska, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Tennessee, Vermont, and Washington. Even if you don’t live in one of these states, the state […]

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National Estate Planning Awareness Week – October 19-25

Get Ready: 2015 National Estate Planning Awareness Week Begins on October 19 In 2008 the National Association of Estate Planners & Councils (NAEPC), in conjunction with Rep. Mike Thompson (D-CA) and 49 of his colleagues, helped pass a law which declared the third week in October “National Estate Planning Awareness Week.” This year National Estate […]

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The Shocking Truth About Asset Protection Planning

Some view asset protection planning with a skeptical eye. They believe there is a moral obligation to pay one’s debts. They think that asset protection planning is immoral because it prevents a creditor from collecting on a judgment entered by a court. The truth is the U.S. justice system is unpredictable. Defendants are faced with […]

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