Carrie Schneider is a Duluth transplant and a graduate of Ripon College, the University of Nebraska-Lincoln and Hamline University Law School. She practices in the areas of estate planning, probate, nursing home planning/long term care planning, and guardianship/conservatorship law.
Minnesota recognizes a variety of entities, such as a C-Corporation, S-Corporation or Limited Liability Company, which may or may not be appropriate for your business. Choosing the appropriate entity for your business depends upon a number of legal and tax considerations. Therefore our firm recommends you seek the advice of an attorney and accountant in choosing the appropriate entity for your business. Entities, such as limited liability partnerships, which provide liability protection for the owners and operators, require the completion of documents specific to the entity type to obtain recognition from the Minnesota Secretary of State. Also, depending upon the entity, documents may need to be filed with the Internal Revenue Service. Although forms for these organizing documents may be found online, the advice of an attorney can assist you in making certain that your organizing documents contain the provisions most appropriate to meet your business’ needs.
When buying or selling a home or land, a realtor can provide you with invaluable advice on finding the right home or the best way to market your property. Also keep in mind though that the purchase or sale of real property is a legal transaction, which most likely involves your most significant financial asset. Only an attorney can advise you of your legal rights and obligations resulting from the terms of the sale. In most real estate transactions, the attorney fees for the buyer or the seller are only a small fraction of the amount paid for the property and much less than the usual realtor’s commission. Remember, the Purchase Agreement is the legal document determining your rights and obligations under the purchase, therefore you should consult an attorney before signing the agreement. Please keep in mind that forms from the Internet may have no application to Minnesota law.
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We believe that a knowledgeable attorney is of great assistance in properly drafting estate planning documents. Although estate planning software or Internet forms are available, they are no replacement for the advice of an experienced attorney. Estate planning software may not apply to Minnesota Law, even if the software indicates that it does. If you are drafting a will on your own, or using software to help you do so, there may be terms with specific legal meanings and consequences that you do not understand; an attorney can explain these legal terms and consequences to you. If you make errors in these documents, you may not know about them while you are alive; then your heirs and attorneys, at considerable cost and trouble, must deal with these issues after you are gone. We suggest that it is worthwhile having a knowledgeable attorney assist you with these documents so as to avoid those possible kinds of problems.
Wills
Trusts
Power of Attorney
What are the differences, if any, between a “springing power of attorney,” a “durable power of attorney” and the “statutory short form” power of attorney?