Estate Planning While at Home

The team at Mullen and Guttman, PLLC is dedicated to creating safe, flexible options for creating your estate plan. We’ve developed a 4-step, Covid-friendly planning process to help Minnesotans achieve their estate planning goals safely and efficiently. Our simple, 4-step planning process: Creating or updating your estate plan is a simple process you can begin […]

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What to Do When a Loved One Passes

The time immediately following a loved one’s passing is never easy and can often be overwhelming. In addition to sorting through a variety of emotions, you may find yourself with an extensive list of confusing and draining responsibilities, so it’s important to stay in touch with family and friends for support and encouragement. If your […]

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Estate Planning in Minnesota During COVID-19

The COVID-19 pandemic has caused widespread uncertainty in nearly every area of our lives. While it is perfectly natural to have some anxiety during this crisis, the new challenges we are facing also represent positive opportunities. You have the chance to turn feelings of uncertainty into peace of mind by creating or updating your estate […]

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Additional Time to File and Pay Minnesota 2019 Individual Income Tax

The Minnesota Department of Revenue has announced an extension to the Minnesota Individual Income Tax filing deadline to July 15, 2020, granting an additional three months to file and make payments without penalty. This update follows the federal government’s announcement that the IRS has moved the national income tax filing date forward to July 15, […]

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Mullen & Guttman, PLLC – COVID-19 Protocol

We are here to help! With those who need us in mind, we’ve made it easier and safer.  The estate planning attorneys at Mullen & Guttman are fully equipped to provide services over the phone or through video conferencing. We can advise you throughout the process, and utilize phone, video, mail and limited socially distant […]

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Consider Using a Trust to Protect Your Child’s Inheritance from Divorce

You’ve worked hard to leave your children a financial legacy, and the last thing you want is for half of your child’s inheritance to walk out the door with an ex-spouse if he or she gets divorced someday.  But, under today’s laws, that could actually happen if you don’t safeguard your family’s assets and plan ahead.

Although it isn’t pleasant to think about, you may have to take legal action to ensure that your married child inherits the assets you planned to leave them.  In many circumstances, an estate planning attorney will recommend that clients leave assets to their children in a trust.  Passing down your assets in a trust can keep them separate and out of reach from a divorcing spouse, as well as other creditors that may be knocking on your child’s door.

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How To Choose The Right Cabin Trust Attorney

Choosing the right cabin trust attorney to draft and execute a cabin trust for your family’s cabin can have repercussions in your family for decades to come. Consider this: most attorneys, including the vast majority of estate planning attorneys, have never drafted a single cabin trust. Most attorneys that specialize in estate planning are concerned […]

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3 Estate Planning Mistakes to Avoid

Recent studies have shown that only a little more than half of all Americans have a Will or Trust document in place to direct their estate after they pass away, and that the vast majority of those documents have not been updated in the last five years.  Even worse, it’s been reported that most adult children are unaware if their parents even have an estate plan and would be unable to find estate planning documents, if they did indeed exist.  These can lead to serious troubles down the line and are among some of the top mistakes people make regarding their estate plans.  We have compiled this list of additional estate planning mistakes that you should be aware of, and hopefully avoid:

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Preparing to Meet With an Estate Planning Attorney

A thorough and complete estate plan must take into account a significant amount of information about your assets, your family, your property, and your wishes during and after your life.  When you make your first appointment with an estate planning attorney, ask the attorney or the paralegal if they can provide a written list of […]

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Borrowing from your retirement accounts: Issues to consider

So you have credit card debt, overdue mortgage payments, or suddenly need to buy a new car. We’ve all been there. You need money now, and your retirement accounts continue to climb. Fortunately, many employers allow you to take out loans on these accounts, but should you really begin spending that money before you retire? […]

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