The Helm: banking, lending and business insight for Minnesota

Minnesota couple comparing their trust document to their account statements and property tax notice

Funding a Trust in Minnesota: What Goes In, What Stays Out, and What Happens to What You Missed A trust can only manage what it owns. Signing the document creates it. Funding a trust in Minnesota means actually moving the house, the accounts, …

Minnesota family reading the trustee provisions of a trust document at a kitchen table

Changing Trustees on a Minnesota Trust: How It Works and What the New Trustee Needs A trust names its trustee once. Life changes that person more than once. Here is how a trusteeship changes hands in Minnesota, and what a successor …

Minnesota couple writing a guidance letter to their trustee

A Grantor's Guidance Letter: Telling Your Trustee What the Trust Document Cannot A trust document tells your trustee what they are permitted to do. It almost never tells them what you meant. A grantor's guidance letter is where …

couple setting up special needs trust in minnesota

Special Needs Trusts in Minnesota: Providing for a Loved One Without Risking Their Benefits A parent's instinct is to leave money to a child. When that child has a disability, the instinct can backfire. A direct inheritance, even a modest …

Minnesota farming family talking about trusts while walking in a field

Passing the Farm: Trusts and Farm Succession in Minnesota The average Minnesota farmer is 57.1 years old, and on most operations the farm is not just the biggest asset in the estate. It is the estate. Land …

multigeneration family talking about their trust

How to Choose a Trustee in Minnesota: Family, Attorney, or Corporate Trustee? Families often spend months getting a trust document right and five minutes deciding who will run it. Yet the trustee, not the document, makes the …

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