What is the difference between divorce and dissolution of marriage in Minnesota? The term divorce was used universally until the mid-1970’s. At that time the State of Minnesota and many other states changed the terminology of divorce to “marriage dissolution” (i.e. the marriage is dissolved.) Family law is the entire subject area relating to the relationships of husbands and wives, parents and children. It is also sometimes called domestic relations.
Attorney Kelly Dohm explains the amendment in Workers’ Compensation Benefits during the COVID-19 pandemic issued on April 8, 2020, Temporary Regulations Implementing the Families First Coronavirus Response Act issued on April 1, 2020 and OSHA and Enforcement Guidance issued on April 10, 2020.
Our state and federal governments have taken swift action this past week in addressing the pandemic of COVID-19 facing our great nation. These drastic measures taken by both our state and federal governments are intended to immediately address the needs of both employers and employees as it relates to several employment laws and grant the much needed economic relief that is required in businesses across the nation and specifically our state. The below is a summary of the swift action that has been taken this past week…
In Minnesota, an owner of a bank account, retirement account, or other investment account can designate payable on death (POD) or transfer on death (TOD) beneficiaries, directing the relevant financial institutions to transfer the fund assets to the listed beneficiaries upon the owner’s death. Making such beneficiary designations can and should be part of an effective estate plan.
Nursing home care can be incredibly expensive. As of 2019, average nursing home costs in Minnesota rose to roughly $7,800 per month. Because of the high costs associated with nursing home care, approximately two-thirds of all Minnesotan nursing home residents pay for their care using Medical Assistance.
One of the most common and important estate planning tools is a revocable trust, sometimes called a living trust. Revocable trusts offer several benefits and can reduce costs and headaches for your loved ones. Nevertheless, there is no one-size-fits-all approach to estate planning, so whether a revocable trust is the right tool for you will depend on your individual circumstances.