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In re Confidential Client

Practice Area: Estate planning

Outcome: Design Revocable Living Trust for single farmer

Description: This case was challenging as the client not only has significant assets, but also his blood line is very thin. Complicating the estate planning design is the limited exemption in Minnesota for death taxes. We designed his estate plan to eliminate death taxes through the use of testamentary charitable contributions, and we used descending lockbox trusts to preserve a lasting legacy for his only heir and her descendants, The client is very pleased that the estate he spent a lifetime building will be accessible to him for life and, upon his death, will benefit generations to come.

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