Business Archives | Page 2 of 47 | Attorney Aaron Hall

Category Archives for Business

Tax Fraud Awareness: How to Protect Your Identity and Assets

The IRS, taxpayers, and tax preparers share a common enemy: identity thieves. We all have a part to play in the fight against tax-related identity theft. Your role starts by learning the mechanics and warning signs. From there, taxpayers can take proactive steps to protect their data online and at home. Understand How Tax Fraud […]

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You Have a Right to Sell Your Franchise Business in Minnesota

Business owners who bought into a franchise often wonder, “Can I sell my business?” In short, yes, you can. The Minnesota Franchise Act specifically entitles you to sell your business. This cannot be overruled by your franchise agreement. You may have to pay a reasonable transfer fee. Can a Minnesota Franchise Be Sold? Yes. The sale […]

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Do I Owe Capital Gains Tax on the Sale of a Home?

Do I Owe Tax on the Proceeds of Selling a House? When you sell a house, generally you owe capital gains tax on the amount the house appreciated since you acquired it. However, if you live in the home, you may qualify for a homestead exclusion: up to $250,000 for an individual and $250,000 for a […]

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Employees Owe a Duty of Loyalty to Employers

Employees in Minnesota owe their employers a duty of loyalty. This is undisputed in Minnesota law. Duty of Loyalty for Partners vs. Employees A surprising number of people (including attorneys) find it hard to believe that employees owe a “duty of loyalty” to their employers. The thinking is, employees can do whatever they want on […]

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Minnesota Family Planning Program (MFPP) Health Care Delivery

This article is a section taken from Minnesota Family Planning Program (MFFP), a part of the revisions and additions to the Minnesota Health Care Program Eligibility Policy Manual. MFPP Health Care Delivery All Minnesota Family Planning Program (MFPP) services are provided through a fee-for-service delivery system. Medicare The Minnesota Family Planning Program (MFPP) will not […]

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Minnesota Family Planning Program (MFPP) Barriers

This article is a section taken from Minnesota Family Planning Program (MFFP), a part of the revisions and additions to the Minnesota Health Care Program Eligibility Policy Manual. MFPP Barriers A barrier is an eligibility requirement that prevents a person’s eligibility for the Minnesota Family Planning Program (MFPP), even when the person meets all other […]

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Appendix D Community Living Arrangements

Community Living Arrangements The following are some examples of community living arrangements: Battered women’s shelter Campground Car Child foster care – Rules 1, 4 and 8 Community-based behavioral health hospital (CBHH) Detox-only facilities Group residential housing (GRH) (non-IMD) Halfway house, chemical dependency Halfway house, correctional Homeless Homeless shelter Hotel or motel Maternity shelter Medical hospital […]

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Long-term Care Insurance Income Tax Credit

Long-term Care Insurance Income Tax Credit What is the credit? The Minnesota long-term care insurance credit offsets the cost of long-term care insurance premiums by providing a credit against state income tax liability. The maximum Minnesota credit is equal to the lesser of $100 or 25 percent of the amount paid for each beneficiary. The […]

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Medical Assistance Treatment of Assets and Income

Medical Assistance Treatment of Assets and Income For Persons Seeking Long-term Care Services This information brief outlines the general income and asset limits in the Medical Assistance (MA) program, explains the spousal impoverishment provisions for people receiving long-term care services who have spouses that live in the community, and summarizes the prohibitions in current law […]

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An Overview of Medicare and Medicaid – Brief Summary

Introduction Since early in the 20th century, health insurance coverage has been an important issue in the United States. The first coordinated efforts to establish government health insurance were initiated at the State level between 1915 and 1920. However, these efforts came to naught. Renewed interest in government health insurance surfaced at the Federal level during the 1930s, […]

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Minnesota Supreme Court Confirms Expansion of Minnesota Whistleblower Act

In 1987, the Minnesota Legislature enacted the Minnesota Whistleblower Act (MWA) which prohibited employers from retaliating against employees who making a good faith report of any federal or state law or rule adopted pursuant to law. Minnesota courts historically have interpreted the term “good faith” narrowly, requiring that an employee’s good faith report be for […]

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Presumption of fraud for gifts to attorney-in-fact can be pushed back.

Minnesota Estate Planning Case : In re Guardianship of Spinnie, 2016 Ill.Dec. 319 (IL Ct.App. 2016) Case Summary : Presumption of fraud for gifts to attorney-in-fact can be pushed back. In re Guardianship of Spinnie, 2016 Ill.Dec. 319 (IL Ct.App. 2016). The attorney-infact was named as such in the ward’s poa, but the ward made […]

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The probate settlement statutes applied and not the non-judicial settlement statutes under the UTC.

Minnesota Estate Planning Case : In the Matter of the Bradley K. Brakke Trust, 890 N.W.2d 549 (ND 2017) Case Summary : The probate settlement statutes applied and not the non-judicial settlement statutes under the UTC. In the Matter of the Bradley K. Brakke Trust, 890 N.W.2d 549 (ND 2017). The testator had a 2009 will […]

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Trustee-Beneficiary acting in bad faith can have fees charged against trustee-beneficiary’s share

Minnesota Estate Planning Case : In the Matter of the Massie Trust, 2017 WL 218284 (WI Ct.App. 2017) Case Summary : UTC 1004- Trustee-beneficiary acting in bad faith can have fees charged against trustee-beneficiary’s share. In the Matter of the Massie Trust, 2017 WL 218284 (WI Ct.App. 2017). The American Rule on attorney fees applies in […]

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Which State’s Law Applies in Trust Administration?

Summary: State where trust is created is the applicable law for dispositive provisions of a trust. Law of administration is the state where trust is administered. Minnesota Estate Planning Case : Alexander v. UMB Bank, N.A., 497 S.W.3d 323 (MO Ct.App. 2016) Case Summary : Section 107; State where trust is created is the applicable law for […]

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When There is a Gap Between the Former Law and the New UTC, the Common Law Applies to Fill the Gap

Minnesota Estate Planning Case : Snell v. Snell, 374 P.3d 1236 (Wyoming 2016) Case Summary : When there is a gap between the former law and the new UTC, the common law applies to fill the gap. Snell v. Snell, 374 P.3d 1236 (Wyoming 2016). In this trust, Arkansas law applied under the terms of the trust. […]

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Supplemental Needs Trusts

A ”supplemental needs trust” is a trust established and funded by a third party to provide for the supplemental needs of a person living with a disability while allowing such a person to remain eligible for Minnesota Health Care Programs (MHCP). Supplemental Needs Trust Requirements. Evaluation of Assets Held in the Trust. Treatment of Payments […]

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Special Needs Trusts

A Special Needs Trust is a trust established for the benefit of a person under age 65 who is disabled. A trust that meets the requirements of a Special Needs Trust is excluded as an asset for a person whose MA basis of eligibility is due to blindness or disability. Note:  Some trusts titled as […]

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Cy Pres and Trust Modification Rules, Breach of Duty Rules

Minnesota Estate Planning Case : Shriner’s Hospital for Children v. First Northern Bank of Wyoming, 373 P.3d 392 (Wyoming 2016) Case Summary : Cy Pres and Trust Modification Rules, Breach of Duty Rules Shriner’s Hospital for Children v. First Northern Bank of Wyoming, 373 P.3d 392 (Wyoming 2016). Settlors, husband and wife, established a charitable trust […]

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When Assets are Transferred from a Charitable Trust to A Charitable Corporation the District Court Loses in Rem Jurisdiction and the Corporation is Not Subject to Court Supervision

Minnesota Estate Planning Case: In re the Matter of Anne Ray Charitable Trust et al, Filed August 22, 2016, A16-0327 Case Summary : When Assets are Transferred from a Charitable Trust to A Charitable Corporation the District Court Loses in Rem Jurisdiction and the Corporation is Not Subject to Court Supervision In re the Matter of: Anne […]

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Court: Estate Planning Case Dismissed, Minnesota Not a Convenient Forum

Minnesota Estate Planning Case: Michael Paulucci and Cynthis Selton on behalf of the Jeno Paulucci Revocable Trust and Estate v. Larry Nelson and Jill Molitor, Filed August 8, 2016, A16-0043. Case Summary : Case Dismissed Because Minnesota was Not a Convenient Forum Michael Paulucci and Cynthis Selton on behalf of the Jeno Paulucci Revocable Trust […]

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Impacts of the DOL Fiduciary Rule: How to Lawfully Advise Clients on What to Do with Their 401(k) Plan

The DOL Fiduciary Rule, which became (mostly) effective on June 9, 2017, marks a clear shift for broker-dealers.  Brokers are now considered fiduciaries under the Employee Retirement Income Security Act of 1974 (“ERISA”) when providing non-discretionary investment advice to clients seeking assistance with retirement accounts or plans.  Less clear, however, is the Rule’s impact on […]

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Motion For New Trial Were Denied Where Issues Were Tried By Consent And Sufficient Notice

Minnesota Estate Planning Case: In re the Guardianship and Conservatorship of Lorraine Helen Schmidt, filed August 29, 2016 A15-1796 Case Summary: Motion For New Trial Were Denied Where Issues Were Tried By Consent And Sufficient Notice In re the Guardianship and Conservatorship of Lorraine Helen Schmidt, filed August 29, 2016 A15-1796. Daughter had significant control over mother who […]

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POA Improperly Changed Beneficiaries on IRA 2 Days Before Death

Minnesota Estate Planning Case: In re the Non-Probate Estate of Robert W. Fashant, Decedent, filed August 29, 2016, A16-0367 Case Summary : POA Improperly Changed Beneficiaries on IRA 2 Days Before Death In re the Non-Probate Estate of Robert W. Fashant, Decedent, filed August 29, 2016, A16- 0367. Two days before the decedent died the successor […]

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Supplemental Account After Final Account Is Subject To Objections When Final Account Is No Longer Subject To Objections; POA Actions Not Listed In Final Account May Be Subject To Objections

Minnesota Estate Planning Case: In the Matter of Trust Agreement of Don D. Henyan Created Under Agreement Dated May 1, 2006 Case Summary:  Supplemental Account After Final Account Is Subject To Objections When Final Account Is No Longer Subject To Objections; POA Actions Not Listed In Final Account May Be Subject To Objections In the Matter of: […]

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Failure To Object To Inventory May Result In Waiver Of Objection To Missing Asset In Account; Attendance At Hearing And Failure To File Written Objections Justify Allowance Of Account Without Notice To Party

Minnesota Estate Planning Case: In re Guardianship and Conservatorship of Adeline V. Dorosh, A16-0113 (Minn.Ct.App. January 9,  2017) Case Summary: Failure To Object To Inventory May Result In Waiver Of Objection To Missing Asset In Account; Attendance At Hearing And Failure To File Written Objections Justify Allowance Of Account Without Notice To Party In re Guardianship and Conservatorship […]

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Oral Contract Related to Land Was Not Void

Minnesota Estate Planning Case: Christie v. Estate of Dilman Christie, Filed April 24, 2017, A16-1244 Case Summary: Oral Contract Related to Land Was Not Void Christie v. Estate of Dilman Christie, Filed April 24, 2017, A16-1244. This is the second appeal on this matter. The son claimed that he and his parents entered into an oral contract […]

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District Court Could Not Limit Remedy To The Share Of Objector’s Interest In A Trust; Attorney Fees Need Support For Allowance; Appeal Proper When Notice Of Hearing Was Faulty

Minnesota Estate Planning Case:  In the Matter of the Trusteeship on Indenture Trust dated April 1, 2010, A16-113; filed April 3, 2017 Case Summary:  District Court Could Not Limit Remedy To The Share Of Objector’s Interest In A Trust; Attorney Fees Need Support For Allowance; Appeal Proper When Notice Of Hearing Was Faulty In the Matter […]

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Joinder Of Cases Does Not Create New 10 Day Window To Object To Referee, Probate Court Can Hear POA Matters, And Sanctions Were Appropriate.

Minnesota Estate Planning Case: In re The Power of Attorney Granted by Virginia G. Taraldson et al and the Virginia Taraldson Revocable Trust dated February 28, 2009, A16-0822 December 27, 2016 Case Summary: Joinder Of Cases Does Not Create New 10 Day Window To Object To Referee, Probate Court Can Hear POA Matters, And Sanctions Were Appropriate. In re: […]

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Guardianship Denied When Respondent Turned 18 Before Order was Issued

Minnesota Estate Planning Case: In re: Guardianship of Layr Komara, minor; filed April 10, 2017; A16-1022.  Case Summary: Guardianship Denied When Respondent Turned 18 Before Order was Issued In re: Guardianship of Layr Komara, minor; filed April 10, 2017; A16-1022. The petitioner filed a petition for guardianship of a minor when the minor was still under 18 years old. […]

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