Posts by Parker & Wenner Attorneys at Law
3 Considerations for Succession Planning Beyond the Basic Will
Basic estate planning, including the drafting of a Will, usually involves relatively straight forward considerations such as who will be the beneficiary of your property, and who would be appointed to be in charge administrating your estate (the Personal Representative). Once these decisions are made, a basic Will can be created. However, there are very important…
Read MoreThe Importance of Creating an Irrevocable Life Insurance Trust (ILIT)
The failure to create an Irrevocable Life Insurance Trust (ILIT) is easily one of estate planning’s costliest mistakes. While most people know that life insurance proceeds are exempt from income tax, many do not realize that those same proceeds are included in the decedent’s gross estate for estate tax purposes. However, life insurance proceeds do…
Read MoreProbate & Estate Planning Basics
Parker & Wenner offers complete estate planning services and representation in the probate process. Effective planning is necessary and helpful regardless of whether an individual’s estate is relatively simple or more complex. We are committed to helping our clients protect and preserve all that they have worked for throughout their lives, and to help our…
Read MoreWhat Is A Trust?
Think of a trust as a holding pen, a place where you put your assets before they are released to the people or organizations that you designate to eventually receive them. A trust is a legal entity and so are you. Because you and the trust are separate legal entities, anything you transfer from you…
Read MoreWhat Is Involved In Serving As A Personal Representative?
There are a number of factors to be taken into consideration when selecting a personal representative, or agreeing to accept the position of personal representative. Acting as a personal representative involves a great deal of work depending upon the assets and complexity of the estate. For example, an estate with large investment portfolios, property in…
Read MoreDissolution / Divorce
Marriage dissolution is an often complicated and always painful process. Our attorneys work hard to understand each aspect of the relationships in question, including the financial intricacies. We work to find the best solution, whether through alternative dispute resolution or litigation.
Read MoreChanges to Minnesota Child Support and Removal Laws
In 2005 and 2006, the Minnesota legislature passed a new child support statute, now codified at Minn. Stat. §518A.26, et al, resulting in significant changes to the methodology in calculating a non-custodial parent’s basic child support obligation , as well as each parents’ obligations pertaining to medical and dental support for minor children. Similarly, in…
Read MoreChild Support Obligations in MN
RETROACTIVE CHILD SUPPORT: A Potential Abyss of Financial Despair The obligation of non-custodial parents to provide financial assistance to their children, commonly referred to as child support, has long been a feature of state and federal legislation. However, in recent years legislation has become increasingly creative in the manner by which child support can be collected,…
Read MoreCommon Marital Dissolution Questions
MARITAL DISSOLUTION – COMMONLY ASKED QUESTIONS Our firm has had the privilege of serving hundreds of clients of the years in regard to several family law related legal issues, including dissolution of marriage. In the course of responding to inquiries of several of our clients or prospective clients, it has become evident that we are hearing…
Read MoreFamily Law Basics
Parker & Wenner, P.A. has extensive experience in family law, from marriage planning and divorce related issues, to step parent adoption and other domestic relations matters. The firm is committed to assisting individuals during difficult times and we understand that a variety of expertise is appropriate, whether proactive planning or zealous representation. Prenuptial and Postnuptial agreements The use…
Read More