Smart Wealth Blog

Intestate succession laws in Minnesota apply when a person dies without a will.

As a Minnesotan, considering a living trust is a great step towards making sure your assets are protected. We'll cover how to create one.

One of the most important things to understand is that Minnesota has a state-level estate tax, and it kicks in at a relatively low threshold: $3 million.

It’s important to understand the basics of how Minnesota law treats these trusts in divorce scenarios.

I recently had a meeting with a couple that is in their early 40s to talk through their current estate plan. Their combined net worth — including their home, investments, and retirement accounts — was a little over $500,000. It might seem like estate taxes won't affect this couple. However, that's not the case. Net worth and estate value are not always the same thing.

If you want to prevent issues with trusts during a divorce, this is important information.

You can avoid probate in Minnesota if you follow a solid estate planning process that includes working with an estate planning attorney, financial advisor, and accountant.  

Generational wealth planning is about creating a thoughtful strategy to accumulate, preserve, and pass on your wealth in a way that benefits your family for decades to come.

If you're wondering about how estate taxes in Minnesota work, this simple guide will help. 

A family trust is a type of trust fund that holds your family’s assets.

In the US, a marital trust is irrevocable. 

An irrevocable trust is a type of legal relationship in Minnesota that moves your financial assets to a trust.

“Is Minnesota a community property state?” In short, no. In Minnesota, the law provides for equitable division of marital property.

Discover the Complexities of Estate Planning for Blended Families Watch the second installment of our Estate Planning series, Cracking...

Effective Estate Planning for High-Net-Worth Families Join us on December 3rd for our final estate planning series on Maximizing Wealth:...

Understanding Trusts and Beyond Watch the first of our Estate Planning Series: "Do I need a trust or not? Understanding Trusts and...

Estate planning is more than just a will—it’s a strategy for protecting your life’s work.

The probate timeline in Minnesota depends on several key factors.

Building and preserving generational wealth are two interconnected but distinct processes. They have their own steps and strategies.

Estate planning can be complex, and it’s not uncommon to make mistakes.