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Understanding the SECURE Act of 2019: Significant Changes Impact Retirement and Estate Planning

By: Scott Emery , Maria Pitner | January 15, 2020
Retirement Benefits, Wills & Trust Agreements

On December 20th, the SECURE Act – Setting Every Community Up for Retirement Enhancement Act of 2019 – was signed into law. The new legislation, which took effect January 1, 2020, brings significant changes to account holders and beneficiaries of individual retirement accounts (Traditional and Roth IRAs) and employer-sponsored retirement plans.

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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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Exploring The New Minnesota Trust Code

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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Burns Twin Cities Estate Planning Council

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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IRAs

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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Exploring The New Minnesota Trust Code

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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IRAs

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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