Will I Pay Estate Tax?

Join Attorney Philip J. Ruce in this ongoing video series as he briefly discusses frequently asked questions in estate and trust planning.

Today, Philip discusses the likelihood that you will pay estate tax.

*** The Minnesota state estate tax exemption has since been increased. In 2018 the individual exemption is $2.1M, increasing to $3M by 2020. (last updated September 29, 2017)

Do I Even Need A Will?

Join Attorney Philip J. Ruce in this ongoing video series as he briefly discusses frequently asked questions in estate and trust planning.

Today, Philip discusses whether a will is even a necessary part of your plan.

Attorney Philip J. Ruce has been awarded the Super Lawyers Rising Star designation for 2016.

Ssuperlawyerbadgeuper Lawyers is a Thompson Reuters publication which rates “lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement.” Their “patented selection process includes independent research, peer nominations and peer evaluations.”

Five percent of practicing attorneys are awarded the Super Lawyers designation annually. The Rising Star designation is awarded to only two-and-a-half percent of attorneys who are forty years of age or younger or have been in practice for less than ten years.

Philip has been an advocate for many Minnesota families; receiving this honor has been an affirmation of his dedication to his clients, his peers, and his field of law.

The cornerstone of Philip’s practice is a deep respect for his clients’ desire to accomplish their goals — without wondering if their attorney shares their priorities. Philip truly believes it is your family and your legacy; hire an attorney who is as committed to your dreams as you are.

Philip’s commitment to the estate planning field goes beyond his work as a legal representative and client advocate. As a former professional trustee, he has worked on thousands of trusts and estates. Philip is a published academic and the author of “Trustee University: The Guidebook to Best Practices for Family Trustees.” His research on trustee and fiduciary duties has been published at universities around the country and as well as the American Bar Association’s legal journal for trust and probate law. Philip is an adjunct professor of law at Thomas Jefferson School of Law.

More information on Super Lawyers can be found here.

creates wills and trusts for families who want to feel secure that their loved ones are cared-for. Philip is a trust and estate attorney based in Minneapolis, Minnesota. Philip is the author of Trustee University: The Guidebook to Best Practices for Family Trustees, available at Amazon.com in paperback or Kindle edition (free chapter available here!). He also works with trustees and beneficiaries who need help with their trusts. You can contact him here.