We recently shared articles regarding the importance of choosing the right people to fill essential roles when executing your estate plan.  Ownership (or titling) of property is another valuable aspect to consider.

There are various ways property can be owned which also effects how property can be transferred.  In general, ownership can be outright, as tenants in common, as joint owners with rights of survivorship, or as community property.  The use of trusts and custodial gifts to minors with UGMA or UTMA designation are options as well.  Attached is a document describing some of the more common forms of ownership.

We would be happy to discuss this further or answer any questions you may have.

Executing your estate plan: Choosing the right people

While minimizing taxes and planning for the eventual disposition of your assets are important aspects of estate planning, selecting the best people and/or organizations to carry out your wishes when you are no longer able is often one of the most difficult decisions. It is important to consider a number of factors including trust (will they honor your wishes), ability (do they have the knowledge and experience), and the willingness (proximity, time, desire, etc.) of those appointed in each role.

Below are links to five articles relating to key roles that need to be filled.

  1. Power of Attorney
  2. Executor
  3. Trustee
  4. Estate Planning Attorney
  5. Health-Care Agent

Appointing the proper people in these roles (and reviewing this regularly) allows you the opportunity to put several layers of protection in place, especially as estate situations become more complex.



Buy or Lease Your Next Vehicle

When it’s time to get a new vehicle, it is worth considering whether buying or leasing is the best option. This flowchart may help guide you or someone you know through the buying versus leasing decision.

If you would like to discuss whether buying or leasing is more appropriate for your individual situation or have us assist with a break-even analysis, please let us know.

Bonus Pay for MN Frontline Workers

We recently received notice from the Minnesota Department of Labor and Industry (MN DLI) regarding bonus pay for COVID-19 frontline workers.  We thought it would be helpful to share and, although it may not apply directly to you, it may for your family members or friends.

The notice states “To thank those Minnesotans who worked on the frontlines during the COVID-19 peacetime emergency, Gov. Tim Walz signed Frontline Worker Payments into law April 29, 2022, enabling those workers to apply for Frontline Worker Pay.”

We received two information sheets provided by the MN DLI. The first contains information to help determine eligibility. The second provides details on the application process after determining eligibility.

The state is anticipating applications will be taken June 8 through July 22.  If you are interested in applying or would like more information, please visit


Considerations when updating your estate plan

Creating an estate plan takes time and energy. It always feels good when the planning is done and the documents have been finalized.

Like almost everything related to financial planning, priorities, assumptions, expectations, and relationships tend to evolve over time making it important to review your estate plan on a regular basis to be sure it continues to reflect your desires.

Hopefully, this checklist will assist you in reviewing your documents and determining whether it is time for an update.  We will be happy to discuss your estate planning in more detail with you.

If you have family, friends, or colleagues you believe would find this resource helpful, please feel free to share it.


Age is more than just a number when it comes to financial planning. Certain ages have implications for retirement plan distributions, while others are related to benefits you may qualify for.

The table below may be of interest illustrating important age-based milestones.

If you would like to discuss how any of these milestones will impact your current and/or future planning, we would be happy to do so.





Cyber threats and identity theft are risks almost everyone faces.  Most of us use personal data in one form or another to perform a myriad of tasks including accessing financial accounts, email, social media sites, online shopping, and other password-protected websites/portals/software applications. Criminals are well aware of this and are working hard to exploit our use of these platforms.

The checklist below can help you assess your level of risk and provide a few pointers to reduce the likelihood of being a victim of cyber criminals, internet scams, identity theft, etc.

We hope the information is useful.  Please feel free to share this resource with others.