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Just like every family in Minnesota is different, so is every estate plan. Although disinheriting a child is unusual, there are many different reasons why some parents choose to do it. In many cases, disinheritance occurs not because of a rift in the parent-child...
At some point after you have made a will in Minnesota, you may decide that you need a different executor. This could happen because your relationship with the executor changed or for many other reasons. If this happens, you would need to make an update to your will....
Estate valuation is necessary for home buyers and sellers and property investors. These individuals want to ensure they are not overpaying for a property, and sellers want to make sure they are getting the money they are entitled to. Since some properties in the...
As a general rule, a will is only valid if it is signed. However, a Minnesota probate judge may adhere to the instructions of an unsigned will if there is reason to believe that it represents the testator's true intentions. There are several variables that a court...
Many business owners in Minnesota face challenges when it comes to accurately calculating the value of their businesses. However, business valuation is essential, especially if you plan to sell the company or need to secure some funds. You may also need to do a...
There are a number of reasons that parents in Minnesota might want to create a trust for their child's inheritance. One of those reasons is concern about what might happen if the child gets a divorce. Inheritances and divorce State laws vary, but in general,...
When a Minnesota resident passes away, the probate court will utilize the person's will to determine how their assets are to be distributed. In the event that the deceased person didn't have a valid will, their assets are distributed according to the intestacy laws of...
Minnesota law is very specific on who can and who cannot contest a will. In order for a person to challenge a will, they will need to have what is referred to as standing. In addition, they'll need to have grounds for contesting the will. Who has standing? In order...
As you plan your estate in Minnesota, you're likely going to designate beneficiaries. By doing this, you're setting up plans for who receives your assets when you pass away. Considering that, you'll be in charge of naming your beneficiaries. While this might sound...
When parents make their estate plan, they may wonder how to reduce sibling estate disputes. When siblings disagree about a parent's estate, it can create conflict during an emotional time. However, in Minnesota, there are things that a parent can do in order to...
