When a loved one dies in Minnesota, a personal representative may engage in estate valuation for tax purposes and for its proper distribution. A person may also calculate the value of their estate when they are alive to help them determine the value of estate, make...
Blog
Month: May 2017
Can you disinherit your children?
In a perfect world, your children would turn out just how you wanted, and you would be able to quietly pass on with the assurance that they are doing what you preferred with your assets and money. Unfortunately, in real life, this is not always the case, and there are...
Handling digital assets upon death
Estate planning has long dealt with transferring property such as real estate, funds and jewelry as inheritances. Technology, however, has created new issues with the advent of digital assets such as the information stored social media, Twitter, blogs, personal or...
Heirs unprepared for wealth transfer
The composition of families of the baby boomer generation have been less traditional, due to more couples entering into second marriages or living together without getting married. A recent report from BMO Wealth Management found this could greatly complicate...
Estate valuation of household property
Being an executor of an estate in Minnesota carries numerous responsibilities which, if not properly performed, can lead to court battles among heirs, family members and creditors. Estate valuation of household property is one of these important responsibilities.Every...