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Taking a Step from Graduate to Grown-up: Estate Planning and Other Considerations for your Recent Graduate

Taking a Step from Graduate to Grown-up: Estate Planning and Other Considerations for your Recent Graduate

By: Christopher Burns , Brigitt Orfield | June 18, 2018
Wills & Trust Agreements

Congratulations, proud moms and dads of new grads! Amidst all the festive parties and frenzied packing, be sure to add these other important preparations to your to-do list: Statutory Short Form Power of Attorney, Health Care Directive, and Digital Property Authorization These legal documents are not just for “grown-ups” anymore. Having your adult children sign […]

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Estate Planning in the Digital Age: Cryptocurrency and Digital Assets

By: Brigitt Orfield | May 14, 2018
Wills & Trust Agreements

You likely spend a great deal of time on your computer, tablet and smart phone. But have you considered how increased use of these electronic devices could impact your estate plan? Estate planning is already complex, but it has become even more complicated in the digital age. You now need to carefully consider the implications […]

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Life Insurance: An Investment to Remember

By: Christopher Burns | March 28, 2018
Wills & Trust Agreements

Remember when you first decided to buy life insurance? Maybe it was when you got married, or started a family, or bought a house. Life insurance offers protection, by paying out a sum of money to your beneficiaries when you die. It can also serve as an investment that pays off after a set period. […]

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Understanding the New Tax Law Changes: Considerations for Estate Planning

By: Christopher Burns , Stephen Hopkins , Maria Pitner | February 13, 2018
Taxes, Wills & Trusts Agreements

The new federal tax act was signed into law on December 22, 2017. While media coverage focused on cuts in the corporate tax rate (dropping from 35% to 21%) and adjustment to individual income tax brackets (now a top rate of 37%), there are other changes in the tax law that are important to understand […]

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Pour carefully when decanting irrevocable trusts

By: Christopher Burns | Minnesota Lawyer | July 1, 2016
Wills & Trusts Agreements

Christopher Burns with Lloyd D. Stern highlight the concept of trust decanting, a new and useful vehicle, but it is not without its own traps and pitfalls, which warrant moderation and a careful approach. “Pour carefully when decanting irrevocable trusts” was published in Minnesota Lawyer on June 27, 2016.  

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Christopher Burns Presented the “Heckerling Review” to the Twin Cities Estate Planning Council

By: Christopher Burns | February 24, 2016
Gift Tax, Powers of Attorneys, Probate, Taxes, Wills & Trusts Agreements

While Minnesota was enjoying mid-day high temperatures of -1, Christopher Burns was absorbing the content of the 50th Annual Heckerling Institute on Estate Planning in Orlando, Florida. Christopher brings that content back to Twin Cities Estate Planning Council and shares what is new, what remains the same, and what to expect in legislative changes and Supreme […]

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Key changes in Minnesota trust law

By: Christopher Burns | Minnesota Lawyer | January 8, 2016
Wills & Trusts Agreements

Christopher Burns with Lloyd D. Stern developed a list of changes to Minnesota trust law that are generally effective as of January 1, 2016. In a comprehensive update of the law, the Legislature codified caselaw, adopted many provisions of the Uniform Trust Code and added a provision for decanting trusts. “Key changes in Minnesota trust […]

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The Top Five Financial and Estate Planning Priorities for Physicians

By: Christopher Burns | Minnesota MD News | August 7, 2015
Wills & Trusts Agreements

The recently published article in Minnesota MD NEWS, “Your Wealth-care Team: Partnering with Physicians to Grow, Manage and Transfer Wealth” describes how physician groups can benefit from financial and succession planning, and provides the top five financial and estate planning priorities for physicians. “It is generally fair to say that physicians are a well-educated, intelligent group […]

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Exploring The New Minnesota Trust Code

By: Christopher Burns | Minnesota Lawyer | July 17, 2015
Wills & Trusts Agreements

The Minnesota Legislature recently enacted a new Minnesota Trust Code, with the assistance of a committee chaired by Chris Hunt of Fredrikson & Byron. The committee spent about 3,500 hours—yes, you read that right—over 4 and ½ years preparing the bill. Christopher Burns, attorney and Chair of the Estate Planning, Trust and Probate Group at […]

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When is an IRA not an IRA?

By: Christopher Burns | Minnesota Lawyer | October 20, 2014
IRAs, Wills & Trusts Agreements

The unanimous United States Supreme Court decision in Clark v. Rameker affirmed that funds from inherited IRAs were not protected from bankruptcy creditors. Estate, trust and probate attorney Christopher J. Burns and Kiley Henry detail the decision in their article, “When is an IRA not an IRA?” and discuss what attorneys and other advisors should […]

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You Can’t Take ‘It’ With You – How You Can Leave ‘It’ Behind

By: Christopher Burns | January 31, 2014
Wills & Trusts Agreements

Estate planning, trust and probate attorney, Christopher J. Burns, presented “You Can’t Take ‘It’ With You – How You Can Leave ‘It’ Behind” on February 20, 2014 as part of the 2014 Planning Well Seminar Series. The presentation covered basic estate planning tools such as wills, trust agreements, health care directives, and powers of attorney […]

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