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Estate Planning

How to Reduce the Risk of Revocable Trust Litigation

The California Court of Appeals recently decided the case of Winston v. Winston-Levin, which reviews some important estate planning considerations. In 1986, Robert Levin created a revocable trust, which he later revised several times. Sadly Robert passed away in 2015, and litigation occurred concerning subsequent revisions to the trust when Robert’s daughter from a previous […]

Estate Planning

Estate Planning and 529 Plans

The usage of 529 plans is growing substantially. While for years, many families relied on these plans to fund college, these plans are also capable of being utilized to manage wealth, minimize taxes, and make multi-generational gifts.  This article takes a brief examination of the advantages as well as limitations that 529 plans can provide.  […]

Estate Planning

Advice from Sveen v. Melin on the Importance of Beneficiary Designations

In 1997, Ashley Sveen purchased a life insurance policy. Later that year, Ashley married Kaye Melin and named Melin as primary beneficiary on his life insurance policy. Sveen also named his two adult children as contingent beneficiaries.  Several years later, Minnesota amended its revocation on divorce. Sveen and Melin divorced in 2007, but Sveen never […]