Probate in Minnesota is a process in which a court decides whether a will is valid or not. It’s also legally required in most cases for the management and distribution of a decedent’s assets with or without a will. This definition suggests that if you skip probate, there’s no way to legally transfer … [Read more...] about Skipping Probate in Minnesota? Here’s What Will Happen.
Minnesota Estate Administration
When Your Executor Isn’t Meeting Expectations: How to Handle Mistakes in Estate Administration in Minnesota
The executor of an estate plays a crucial role in managing and distributing a person's assets after they pass away. But what happens when the executor is making mistakes or failing in their duties of estate administration in Minnesota? It's a delicate and stressful situation, but one that can be … [Read more...] about When Your Executor Isn’t Meeting Expectations: How to Handle Mistakes in Estate Administration in Minnesota
“What Is Portability in an Estate Plan?”
Federal estate tax law includes a provision called portability. This provision only applies to married couples. It allows the surviving spouse to use any part of their deceased spouse’s unused estate and gift tax exemption. Including portability in an estate plan protects the surviving spouse … [Read more...] about “What Is Portability in an Estate Plan?”
Working with a Probate Attorney in Minnesota to Understand the Steps of the Process
Even if someone has a will in place, it’s still quite likely that his or her estate will need to be overseen by a good probate attorney in Minnesota. These professionals understand the incredibly complex process that goes along with closing out someone’s estate after he or she has passed … [Read more...] about Working with a Probate Attorney in Minnesota to Understand the Steps of the Process
Is it Better to Inherit Stocks or Cash?
Inheriting any assets from someone’s estate could benefit a person financially. However, it can also create some challenges. Cash and stock inheritances come with various advantages and disadvantages. Although they provide the funds someone might need to pay necessary expenses or grow their … [Read more...] about Is it Better to Inherit Stocks or Cash?
Simple Steps To Avoid Probate In Minnesota
If you’ve ever lost a loved one, chances are you’ve had a few run-ins with the probate court. The goal of the probate process is to help the family of the deceased administer their estate and close out their final affairs after death. If he or she has a will, probate is a time when the courts … [Read more...] about Simple Steps To Avoid Probate In Minnesota
“What’s the Worst That Can Happen If I Become Incapacitated or Pass Away?”
Have you ever wondered what is the worst that can happen if you become incapacitated or pass away without an estate plan in place? If you have, you’re not alone. This is actually a common question our clients ask us, especially from those in close-knit families who believe that their kids (or … [Read more...] about “What’s the Worst That Can Happen If I Become Incapacitated or Pass Away?”
What Happens If Your Partner Passes Away?
If you have suffered the loss of your life partner, my heart goes out to you: few things in this world are quite as devastating. As a Minnesota probate lawyer, I know grief can debilitate, and the ‘to-do’ list in the immediate aftermath can seem impossible to manage. Please understand: you … [Read more...] about What Happens If Your Partner Passes Away?
Monticello Estate Planning Lawyer Outlines The 5 Most Infamous Estate Planning Battles
When done properly, an estate plan affords peace of mind to those creating it and leaves behind a legacy for their descendants. But, sometimes estate planning can go awry – and it’s usually due to eccentricities held by either the creators of the estate plan, the beneficiaries, or both. To give a … [Read more...] about Monticello Estate Planning Lawyer Outlines The 5 Most Infamous Estate Planning Battles
