Farrish Johnson Law Office

Student loans and credit cards have fueled a spike in filing personal bankruptcy in Minnesota last year, with a 54 % increase from the previous year. For personal bankruptcy, most people file a Chapter 7 or Chapter 13. This article will focus on Chapter 7 and the exemptions Minnesota offers in terms of...

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2024 Eviction Law Updates

09 Apr 2024

Farrish Johnson Law Office

Andy J. Moeller, Eviction, In the News

The Minnesota legislature passed new renter protections that took effect on January 1, 2024, that landlords must follow to evict tenants. As of April 2024, landlords must: Give renters 14 days’ notice before filing an eviction; include all required fees in the advertised rent; ensure units maintain a temperature of...

Electronic Will Act

18 Jan 2024

Farrish Johnson Law Office

Estate Planning, In the News

Effective August 1, 2023, the Uniform Electronic Wills Act (Act) has been adopted by State of Minnesota. This Act has significant ramifications for Minnesotans seeking to adopt an estate plan. Prior to the adoption, Minnesota required a physical signature for a Will to be valid. Although for the past decade...

Estate Tax Exemption Changes for 2024

16 Jan 2024

Farrish Johnson Law Office

Estate Planning, In the News

The federal estate and gift tax exemption continues to increase. For the tax year 2024, the estate/gift exemption is $13,610,000 per individual or $27,220,000 for a married couple. The top tax rate for estate taxes remains at 40%. The federal estate tax provisions still include the concept of “portability”. Portability...

What is the difference between Probate and Non-probate Assets?

29 Nov 2023

Farrish Johnson Law Office

Estate Planning, Joshua L. Perry, Probate

As an estate planning attorney, one of the most common misconceptions I hear is, “I have a Will, so my family will avoid a probate proceeding.” This is simply not the case. Having a Will alone will not keep your estate from going before a probate court. A Will simply...

How Often Should I Update My Estate Plan?

09 Nov 2023

Farrish Johnson Law Office

Estate Planning, Joshua L. Perry

Having an estate plan is an important step that everyone should contemplate. It allows you to direct where your hard-earned and cherished assets go, ultimately deciding who gets them and when and how they will inherit. A question I often get asked is, “How often should I update my Will...

Newsworthy

Can I Keep My House If I File a Chapter 7 Bankruptcy?

2024 Eviction Law Updates

Electronic Will Act

Estate Tax Exemption Changes for 2024

What is the difference between Probate and Non-probate Assets?

How Often Should I Update My Estate Plan?

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