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Probate and Estate Litigation Blog

Inheritances Archives

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 professional websites and online bank accounts. Minnesota residents may be surprised to hear, however, that many existing wills, estate plans and trusts have not properly addressed digital property, which can end up in contentious court fights.

Trusts can potentially prevent disputes between loved ones

Parents in Minnesota may not wish to leave equal inheritances to their children, because of their unequal income and resources and their different need for the inheritance. They may also have different expenses such as an upcoming college education for their children or have expenses associated with a child with a disability. A parent may want to completely or partially disinherit one of his or her family members.

When shouldn't one make an outright gift to a loved one?

Many accounts allow the transfer of some property or inheritances to family members and others in Minnesota without undergoing probate, such as jointly-owned accounts and real estate, retirement accounts and life insurance policies and transfer on death or in trust for accounts. These are usually transferred outright to beneficiaries upon the presentation of a death certificate. A living trust may also be created that becomes effective immediately upon execution

Assistance in navigating the inheritance process

When a loved one dies, such as a parent or grandparent, it can be a stressful situation for many Minnesota families. Dealing with the grief of losing someone and the details that surround the death, including a funeral, life insurance benefits, death certificates, and other important paperwork. But sometimes families can disagree when it comes to the inheritances that are being passed down. This is where our firm can be helpful in resolving complex disputes.

Do I have the right to contest my father's will?

If you have a parent or loved one who has passed away, the stress of the situation may minimize some of the legal proceedings that will take place. One of these, however, is the review and execution of the will. You may find that it has been unexpectedly altered prior to your father's passing to hand over the majority of his estate to one of his nurses or a sibling. In such a situation, you will naturally want to seek recourse. If you are considering contesting the will, there are a few things you should know first.

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St. Paul, MN 55101

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