Search Results for: Wills
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.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]