Unique needs demand extraordinary dedication. One size never fits all in wills, trusts and business succession plans. For that reason, we tailor our legal services for each individual to ensure the effective control, maintenance and disposition of their assets during life and after death.
On issues ranging from tax planning and asset preservation to business exit strategies, our estate planning attorneys in Minneapolis develop customized plans that meet each client’s unique goals in order to guide through the implementation of plans.
A will may meet the needs of many individuals, but for clients whose needs are best met through trusts, our estate planning attorneys have extensive experience creating a variety of trusts, including:
- Revocable living trusts: Often used to avoid probate and plan for future mental incompetency and disability while an individual is alive.
- Testamentary trusts: Created to provide for minor children.
- Qualified personal residence trust: Used to transfer a grantor’s residence out of the grantor’s estate in a tax-advantageous manner.
- Supplemental needs trusts: Preferred vehicle to meet the needs of disabled children.
- Irrevocable life insurance trusts: Enable life insurance policy holders to avoid estate taxes on policy benefits.
- Charitable remainder trusts: Designed to provide income – and, in many cases, tax savings – to the trustor and spouse, with the assets remaining after death passing to designated charities.
- Charitable lead trusts: May reduce beneficiaries’ taxes by having the trust contribute to charity for a specified period of time, with the trust assets returning to the trustor or heirs.
- Grantor retained annuity trusts (GRATs): After providing a donor with an annuity for a fixed time, assets pass to the beneficiaries (who must be family members).
Our Minneapolis estate planning attorneys handle estates of all sizes, representing individuals as well as business owners.
Questions? Contact us or request a meeting.
- Asset preservation and protection plans
- Business succession planning and owner control arrangements
- Personal estate planning, including drafting wills and establishing trusts
- Estate and trust administration
- Retirement, long-term care, disability and health care planning
- Estate, gift and fiduciary tax return services
- Hellmuth & Johnson attorneys named to the 2017 Minnesota Super Lawyers and Rising Stars lists 07.05.17 Featured
- Scott Nelson meets with Minnesota members of Congress in D.C. 05.30.17 Featured
- Rachel Dahl featured in Minneapolis/St. Paul Business Journal piece on Women in Law 05.26.17 Featured
- Rachel Dahl talks conservation and trust & estate planning with "The Practical Blog" 05.11.17
- Rachel Dahl to present on Business Succession Planning at Roundtable 01.24.17
- Thomsen Reuters publishes Scott Nelson article on Fiduciary Tax 09.30.16
- Scott Nelson and Rachel Dahl to speak on Charitable Planning 09.07.16
- Rachel Dahl presenting at Probate and Trust Conference 06.01.16
- Scott Nelson publishes article on Qualified Personal Residence Trusts 06.01.16
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- Jennifer Elston-Brondell to present in NBI Estate Planning Webinar 06.15.15
- Jennifer Elston-Brondell to speak at Pulmonary Fibrosis Support Group 04.06.15
- Scott Nelson to speak to MSBA on Minnesota Income Taxation of Partial Year Residents 01.22.15
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