Benton County, MN Trusts Lawyers

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Richard Morris
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Morris Law Group PA
7380 France Ave S. Suite 250 Edina, MN 55435» view map
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1. Richard Morris Edina, MN
  Attorney at Law- MN, 1974
  William Mitchell College of Law, J.D.
2. AboutMorris Law Group PA
  We Are Experts In What We Do
3. Practice AreasExpertise
  Accident & Injury
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Melissa Renee Bakeberg

Family Law, Traffic, Divorce, Farms

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1287 - 2nd Street North, Sauk Rapids, MN 56379

Timothy R. Reuter

Construction, Family Law, Corporate, Banking & Finance

Status: In Good Standing Licensed: 28 Years

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1287 N 2Nd Street, Sauk Rapids, MN 56379

Todd Victor Peterson

Juvenile Law, White Collar Crime, DUI-DWI, Criminal

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1637 4Th Ave N, Sauk Rapids, MN 56379

Todd Alan Kelm

Traffic, Family Law, DUI-DWI, Business Organization

Status: In Good Standing Licensed: 35 Years

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1287 N 2Nd Street, Sauk Rapids, MN 56379

Ronald Drewski

Workers' Compensation

Status: In Good Standing Licensed: 49 Years

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Oakwood Professional Center, Sauk Rapids, MN 56379

Todd Victor Peterson

Lawsuit & Dispute, Juvenile Law, Misdemeanor, DUI-DWI, Criminal

Status: In Good Standing

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1637 Fourth Ave N, Sauk Rapids, MN 56379

Jerry J. Lindberg

Workers' Compensation, Workers' Compensation, Workers' Compensation

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1277 2Nd St N, Sauk Rapids, MN 56379

Casey Callahan Kolb

Traffic, Farms, Family Law, Divorce

Status: In Good Standing Licensed: 18 Years

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1287 N 2Nd Street, Sauk Rapids, MN 56379

Jerry J Lindberg

Workers' Compensation, Workers' Compensation, Workers' Compensation

Status: In Good Standing Licensed: 42 Years

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1277 2Nd St N, Sauk Rapids, MN 56379

Robert Paul Cunningham

Estate Planning, International Tax, Bankruptcy, Criminal, Intellectual Property

Status: In Good Standing

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Sauk Rapids, MN 56379

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LEGAL TERMS

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

DOWER AND CURTESY

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') ... (more...)

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a 'dowry') refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouse's dower and curtesy or statutory share rights.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

SAMPLE LEGAL CASES

US BANK NA v. Cold Spring Granite Co.

... Thomas Moore, Ann McCabe, and US Bank (Moores) are trustees of eight appellant family trusts (Moore Trusts) that brought suit against respondent Cold Spring Granite Company (CSG) and its chairman and CEO respondent Patrick D. Alexander after CSG stock belonging to ...

IN RE ROSCKES v. County of Carver

... intent to limit Medicaid to the financially needy, many individuals exploited a loophole in the Medicaid statute allowing them to attain Medicaid eligibility while preserving assets for their heirs by transferring their assets to irrevocable Medicaid-qualifying trusts (MQTs). ...

Swenson v. Bender

... Carlson v. SALA Architects, Inc., 732 NW2d 324, 331 (Minn.App.2007), review denied (Minn. Aug. 21, 2007). Fiduciary relationships arise when one person trusts and confides in another who has superior knowledge and authority. Id. at 330. ...

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Benton County, MN Trusts Lawyers

Sponsored Law Firm

Morris Law Group PA

SPONSORED LAWYERS

Melissa Renee Bakeberg

Timothy R. Reuter

Todd Victor Peterson

Todd Alan Kelm

Ronald Drewski

Todd Victor Peterson

Jerry J. Lindberg

Casey Callahan Kolb

Jerry J Lindberg

Robert Paul Cunningham

TIPS

LEGAL TERMS

RULE AGAINST PERPETUITIES

QTIP TRUST

INVENTORY

LIFE BENEFICIARY

RESIDUARY ESTATE

DOWER AND CURTESY

WARRANTY DEED

GRANTOR RETAINED INCOME TRUST

EXEMPTION TRUST

SAMPLE LEGAL CASES

US BANK NA v. Cold Spring Granite Co.

IN RE ROSCKES v. County of Carver

Swenson v. Bender

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