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May 2013 Archives

Sisters claim brothers are stealing their inheritance

When Minnesotans execute a will, they expect it to make sure their wishes are carried out after they have passed away. But there is frequently a lot of work to be done later to make sure those wishes are carried out. That is why those who write a will must appoint an executor.

Mother of twin heirs accused of blowing their inheritance

Minnesota families sometimes set up trust funds to help their children or grandchildren with their financial needs after they're gone. These can be a great way to keep a sense of family legacy together through generations. However, the work involved doesn't end once all the documents are signed and dated. The trustee must perform its duty to the trust principal and the beneficiaries must not interfere with each others' rights to the fund. When something goes wrong, it can lead to lawsuits over misuse of funds.

Financial exploitation of elderly a growing concern

Many of Minnesota's elderly residents have been targeted by unscrupulous individuals who cheat them out of their money through identity theft and other scams. In some cases, it's not just a common thief but an investment banker or other supposed professional who drains away the person's estate through imprudent investments, self-dealing and breach of fiduciary duty.

Wealthy man leaves $40 million inheritance to ... no one?

Under Minnesota law, when a person dies without a will, the person's estate passes to relatives according to what are known as the laws of intestate succession. Every state has a similar law, and they are all designed to distribute estate to family members, starting with the closest relatives and then, if close relatives are deceased, to relatives who are farther removed on the family tree. But what if a person dies without a will and without any living relatives?

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contact Mason & Helmers in St. Paul, Minnesota. Call 651-323-2548 or 877-389-5533 (toll free) to set up an appointment.

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Mason & Helmers

Mason & Helmers
332 Minnesota Street
Suite W-3070
St. Paul, MN 55101

Toll Free: 877-389-5533
Phone: 651-323-2548
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