Family Trusts explained and Family Trust Elections explained. The term family trust refers to a discretionary trust set up to hold a family's assets or to conduct a family business. Generally, they are established for asset protection or tax purposes.
Lakeville /ËleÉªkvÉªl/ is a city in Dakota County, Minnesota, United States. It is a suburb of Minneapolis, approximately 23 miles (37 km) south of the larger city's downtown. On the Twin Cities metropolitan area's southern fringe, Lakeville is one of the fastest-growing cities in the MinneapolisâSaint Paul metropolitan area. The U.S. Census Bureau recorded its population at 55,954 in 2010.
Tornado activity: Lakeville-area historical tornado activity is slightly above Minnesota state average. It is 35% greater than the overall U.S. average. On 5/6/1965, a category F4 (max. wind speeds 207-260 mph) tornado 17.8 miles away from the Lakeville city center caused between $5,000,000 and $50,000,000 in damages.