– Legal Insights –
If you are expecting an inheritance, an estate planning tool known as a trust may prove useful, depending on your circumstances. Among the numerous types of trusts aimed at fulfilling different estate planning purposes, an inheritor’s trust is specially designed to help protect an inheritance. Purpose of an Inheritor’s Trust...
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When you pass away, your estate may need to go through the probate process before your beneficiaries can receive their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other asset) in your name only. Although having a will is a good...
The National Association of Realtors (“NAR”) proposed settlement agreement[1] (the “Agreement”) in Burnett, et al. v. NAR, et al. requires NAR and its members to implement certain practice changes no later than August 17, 2024. One of the major terms of the Agreement is that “all REALTOR MLS Participants working...
Married couples love each other and want the best for each other. Establishing a comprehensive estate plan is one way to provide the best for each other. Not only does an estate plan protect you when you are unable to care for yourself during your lifetime, but it also protects...
The Office of Cannabis Management (“OCM”) finally released its draft rules for regulating the cannabis and hemp industry, which can be found on OCM’s website. These are not the proposed rules OCM will submit as part of the formal rule-making process, but rather the precursors to those proposed rules. To...
As part of the recent Minnesota legislative session, a change was made to the statute that includes the prohibition on use of cannabis in multifamily buildings. Originally, the law that prohibits use of cannabinoid products (excluding use for medicinal purposes) in multifamily buildings was scheduled to take effect March 1,...
MNGI Digestive Health (“MNGI”), a company headquartered in Minneapolis, Minnesota, recently provided data breach notice letters, dated July 15, 2024, to its patients confirming it suffered a data breach of its digital environment, in which an unauthorized third-party cybercriminal gained access to approximately 765,000 patients’ sensitive personal information on its...
For many business owners, their business is one of the most valuable and important things they own. When it is time to sit down and create an estate plan, it is critical that business owners plan for their business just as they would plan for their home or finances. Effective...
If you made it past the social equity applicant verification (or are waiting for your results), you’re probably wondering what’s next. Lucky for you, the Office of Cannabis Management (“OCM”) just released information to answer that question. By way of background, the Office of Cannabis Management is obligated to pre-approve...
Summer in Minnesota just screams barbeques, pool parties and, of course, National Night Out/Night to Unit gatherings. For some, such events are shared with a few friends, For others, they are shared with the entire neighborhood. Regardless, everyone wants to be a good host. But what does that mean when...
Wine lovers know that the term decant means to pour wine from one container into another to open up the aromas and flavors of the wine. In the world of irrevocable trusts, decanting refers to the transfer of some or all of the accounts and property owned by an existing...