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Probate and Trust Section E- Newsletter

Fall Edition 2012



Message from the Chair

Dear Members:

Thank you for your membership in the Probate and Trust Section of the Minnesota State Bar Association.  Your section council is working hard on several initiatives important to your practice.  I appreciate the input I receive from section members and encourage your involvement and feedback throughout 2012-2013. 

Our legislative committee, led by Mike Sampson and Drew Baese, has already begun reviewing legislative proposals.  They will be working closely with lawmakers and constituents throughout the 2013 legislative session. 

The education committee will be coordinating CLEs and programs that will enhance the practice of Section members.  This will include the Minnesota Probate and Trust Law Section Conference on June 10-11, 2013 at the Saint Paul RiverCentre.    Please check the Section website for a list of additional CLEs.  Please consider sharing your expertise by teaching a CLE course. 

Wills for Heroes continues to serve our community of Minnesota First Responders by providing free estate plans.  Please visit the Wills for Heroes website for more information on how to volunteer for this wonderful organization.  (

The Minnesota Department of Revenue is currently undertaking an estate tax study and would like your input.  For more information, please refer to this article or contact the Minnesota Department of Revenue at

Thank you to our membership for continuing to provide quality legal representation to our fellow Minnesotans. 

Thomas J. Woessner



529 College Savings Accounts: Overlooked and Underused Advantages
By William Asp and Kim Donat

Internal Revenue Code (I.R.C.) section 529 accounts (529 Accounts) are best known for their income tax benefits relating to savings for education expenses.  However, there are many other commonly overlooked advantages that 529 Accounts provide.  This article will outline and explain some of the more important tax and financial aid advantages that should be considered when using 529 Accounts.
Read more...  

By Scott Nelson

Hurdles. The tax law in 2012 offers an unprecedented opportunity to reduce transfer tax exposure. Two hurdles that are frequently cited for reluctance to move forward are (1) the added complexity that is frequently associated with the most effective estate planning techniques, and (2) clients (including those who are extraordinarily wealthy by any measure) are highly reluctant to make gifts, which are an integral component of most estate planning techniques, because of the fear that they may need the gifted assets themselves at some point in the future. However, there are less complicated techniques that might be attractive and which address the fear that clients may have that they may need the gifted assets in the future.


Newsletter Editors:

David Joyslin

Jen Santini

If you have any questions about the publication or would like to submit an
article for a future issue, please contact either David or Jen.

Upcoming Events

Probate and Trust Conference and Annual Meeting
June 10-11, 2013




Find us
Minnesota State
Bar Association
600 Nicollet Mall
Suite 380
Minneapolis, MN 55402

Contact us
(612) 333-1183
(800) 882-6722

You are receiving this email newsletter as a member of the MSBA Probate and Trust Law Section.