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David McCormick, Attorney at Law

David McCormick has a law practice in Minneapolis (MN)
Lawyer has experience representing clients in various areas of Law.
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337 Oak Grove Street, Minneapolis, MN 55403
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  • Minnesota (MN)
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    Territory of Practice

    Minnesota

    Hennepin: Minneapolis
    Legal News
    New Minnesota estate and gift tax laws
    Lexology (registration) On May 23, 2013, Governor Dayton signed an Omnibus Tax Bill that makes some significant changes to current Minnesota estate and gift tax laws. The new provisions create a separate Minnesota gift tax, expand estate taxes on non-residents through ... more »
    Minnesota Legislature passes Omnibus Tax Bill
    Lexology (registration) The Minnesota Legislature passed the Omnibus Tax Bill on May 20, 2013, and Governor Dayton signed it into law on May 23, 2013. The tax bill significantly affects taxpayers and their estates by enacting a gift tax and amending the estate tax and income tax. more »
    Estate planning after the Omnibus Tax Act of 2013 (House File 677)
    Lexology (registration) Minnesota Gift Tax The new law creates a new state gift tax, making Minnesota the second state in the country to impose a tax on transfers of property by gift. Under the new law, many transfers of property by gift will now be subject to tax at a flat ... more »
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    SMGR stands for a Statutory Major Gifts Rider. Statutory major gifts rider is a new term adopted by the NY Legislature in 2008. The Statutory major gifts rider (SMGR) must be a part of a valid NY Statutory Short Form of a Power of attorney. It means a document by which the principal (a person executing a Power of attorney) may supplement a statutory short … Full Definition »
    Power Of Attorney >> Trusts & Estate Planning
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