Key Estate Planning Tools

Changes to the Minnesota Retainage Law

By Aileen Conway

The proposed changes to Minnesota’s retainage law we had posted about previously were signed into law by Governor Dayton on May 19, 2016. Here are the basics about the changes to the law and what they mean for your business. Prompt Payment: The revised statute permits contractors and subcontractors to stop work on a project…

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The Overtime is Coming!

By Aileen Conway

The overtime threshold is changing, and the changes could greatly impact some employers. According to the White House Domestic Policy Council, only 8% of full time salaried workers are currently being paid overtime. That’s because the rules that determine which workers are exempt from overtime pay haven’t kept up with the cost of living. Some…

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Being a Personal Representative in a Minnesota Probate: What’s involved?

By Aileen Conway

First of all, what is a Personal Representative? A Personal Representative (PR) is the individual designated to administer an estate when a person dies. In other words, they are responsible for inventorying and taking control of the decedent’s (deceased person) assets, using estate assets to pay estate debts and taxes, notifying beneficiaries and creditors, and…

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Key Estate Planning Tools

By Aileen Conway

Last Will, Living Trust, Living Will: What They Are & What They Do These three legal documents are often confused because their names sound similar. However, each of these documents serves a distinct purpose. Last Will A Last Will can provide crucial instructions for the administration of your affairs after your death. This includes who…

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