Berry Law Offices
In This Issue
Out and about with the family!
If I have a will, can't I avoid probate?
Allison's busy moms' recipe
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Quick Links
Estate Planning
Grandpa
Do you have your estate plan completed?  Are your children and beneficiaries adequately protected?  Click here for our estate planning articles. 
Business Protection Plan
 
For additional articles relating to your business click here. 
Join us for: 
"
Taxes & Beyond"
 
Bertolas & Pekula
 
Greenhaven Country Club
July 21, 2010
8:00 a.m. - 10:00 a.m.
 
In just two hours learn:
 
1.  How to create a Budget and why it is vital to your business
 
2.  How to understand and interpret Financial Statements
 
3.  Which Tax Credits are still available, what is allowed and how much can you receive. . .
 
4.  How to get a refund from taxes paid five years ago. . .
 
5.  What are the rules on estate taxes and has it really been eliminated?
 
 
Sponsored by:
 
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ActionCoach

 Freedom Strategy Group
 

Out and about with the family!
 
Our last "Out and about" article highlighted our visit to Canal Park in Duluth.  
 
While visiting Duluth, we run up the Northshore to visit, among other sites, Split Rock Lighthouse.  The views are magnificent from both the lighthouse as well as  from the beach.
 
Our children enjoyed the historic  dress of the lighthouse inhabitants as well as the history behind the lighthouse.
 
2010 is Split Rock Lighthouse's 100th birthday.  Check out the upcoming activities to celebrate its birthday!
 

Family on the rocks at Split Rock

 
Legally Speaking Newsletter

Volume III, Wednesday, July 7th, 2010

Greetings!  

I hope you and your family had a wonderful 4th of July weekend!  We are excited to present this Legally Speaking Newsletter as part of our Legally Speaking series as published in the Princeton Union Eagle, at our blog, on our website and on Facebook .  We hope the information provided in our Legally Speaking series is informative.  If you should have any ideas for future Legally Speaking articles please send us an email.
 
We hope you enjoy our Legally Speaking Newsletter! If so, please forward this Newsletter to a friend!
 
Berry Law Offices Logo                                                     Forward this issue to a Friend
 If I have a will, can't I avoid Probate?
   
Courthouse

 

It is a common misconception that a will can avoid probate. However, a will alone will not avoid the need for probate. On the contrary, probate is often necessary to administer a will and distribute your assets to your beneficiaries.

What is probate?

Probate is a court process designed to transfer property that has no specific beneficiary designation to the rightful beneficiaries or heirs. During this process any taxes due on the transfer of the property are collected and payment of any outstanding debts is completed. The probate process typically takes between seven to twelve months to complete and usually costs in excess of $3,000 to complete. The balance of your estate and property remaining following the settlement of your debts and taxes is then distributed to your beneficiaries.

The probate process usually does not benefit your beneficiaries. Instead, it will result in a reduction of the assets available to your children or beneficiaries as well as a delay in the availability of your assets for your children.

For a more complete description of what probate involves as well as an explanation of the probate process please click here.
 

How can I avoid probate?

You can avoid the necessity of probate by establishing a living trust or using beneficiary designations. The probate avoidance plan that is proper for you depends in part upon the ages of your children and beneficiaries, as well as your children's and beneficiaries' ability to manage their own finances.

To learn more about establishing a trust to avoid the neccesity of probating your estate click here. 

To start your Family Protection Plan or Estate Protection Plan or to get any other questions you may have answered, contact our office at (763) 389-0178 to schedule a meeting or send us an email by clicking here.

If you have additional questions on
estate planning, wills, trusts or probate 
matters please visit any of the links below:
 
Family Protection Plan     Berry Law Offices Logo 
Our Answers to Real Questions
 
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Allison's Busy  
Allison's Busy Mom's Recipe Ideas
 
 
Rootbeer Pulled Prok
Pulled Pork with Root Beer
BBQ Sauce
 

All kids like root beer, right?  Well this is a perfect recipe to satisfy those munchkins' cravings.  Drop us an email or catch up with us on Facebook to let us know if you and your kids enjoyed this root beer sandwich.

 
     Ingredients:   
 
     2 ½ lb pork sirloin roast

     ½ tsp salt

     ½ tsp pepper

     1 tbsp cooking oil

     2 med onions -- cut in thin wedges

     1 cup root beer

     2 tbsp minced garlic

     3 cup root beer

     1 cup bottled chili sauce

     ¼ tsp root beer concentrate

     several dashes hot pepper sauce (optional)

     8 hamburger buns

     lettuce leaves -- optional

     tomato slices -- optional

 

1. Trim fat from meat. If necessary, cut roast to fit into crockery cooker. Sprinkle meat with the salt and pepper. In a large skillet brown roast on all sides in hot oil. Drain.

 

2.  Transfer meat to a 3 ½ to 5 quart electric crockery cooker. Add onions,  1 cup root beer and garlic. Cover.

 

3.  Cook on low-heat setting for 8-10 hours or on high-setting for 4-5 hours. 

 

4.  Meanwhile, for sauce, in a medium saucepan combine the 2 cans or 2 bottles of root beer and 1 cup of bottled chili sauce. Bring to boil; upon reaching boil, reduce heat and continue to boil gently, uncovered, stirring occasionally for about 30 minutes or until mixture is reduced to 2 cups. Add root beer concentrate and bottled hot pepper sauce, if desired.

 

5.  Transfer roast to a cutting board or serving platter. With a slotted spoon, remove onions from juices and place on serving platter. Discard juices. Using two forks, pull meat apart into shreds.

 

6.  If desired, line hamburger buns with lettuce leaves and tomato slices. 

 

7.  Add meat and onions to hamburger buns, spoon on sauce.

 

Enjoy!

Please be advised that this article is presented with the understanding that legal advice is not being offered or given. Any answer to a legal question should be obtained from a licensed attorney.  
 
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