Real Estate

Estate Tax Law Change For Non-Residents

As of July 1, 2013 non-residents who own an interest in a Partnership, LLC, or an S-Corporation that owns tangible personal property or real estate in Minnesota will now be subject Minnesota estate tax. This new provision is retroactive with an effective date of January 1, 2013.

For more information about the tax changes visit our Hot Topics Page:


Jeremy J. Nauman, Attorney

Estate Tax Change

Minnesota will continue to not impose any estate taxes for estates not exceeding $1,000,000.00. As of July 1, 2013, Minnesota will have a three year look back from the date of death that will add taxable gifts made after June 30, 2013 back into your estate.


For more informationabout the tax changes visit:


Jeremy J. Nauman, Attorney


Leaving Real Estate To Heirs

12 States, Arizona, Arkansas, Colorado, Kansas, Minnesota, Missouri, Montana, Nevada, New Mexico, Ohio, Oklahoma, and Wisconsin, have passed laws that provide homeowners with a method of leaving Real Estate to heirs by a transfer on death deed.

Contact me if you are interested in hearing more about Transfer on Death Deed’s.

Stacey R. Edwards Jones, Managing Partner

USDA Warns Of Fraudulent Letters

USDA officials learned late Friday afternoon, March 16th, 2012, that fraudulent letters are being sent by FAX to individuals and businesses in at least four states. The letters purportedly come from a USDA procurement officer and seek personal information. These letters are false and in no case should a recipient respond with personal and financial information. The fraudulent letters bear USDA's logo and seal and are signed by an individual identified as "Frank Rutenberg" using a title of "Senior Procurement Officer".

Carryover Basis Instead of Estate Tax: Form 8939

Form 8939 has been released by the IRS. If an executor is electing carryover basis instead of estate tax under IRC § 1022 for decedents dying in 2010; this form is filed in place of an estate tax return. The instructions note that an executor may not file both a Form 706 and Form 8939 that would take effect only if an estate tax audit increases the decedent’s gross estate. This form must be filed by January 17, 2012 by the executor and the executor cannot revoke it once filed unless they file a subsequent form before the due date.



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