A recent post on this blog discussed the responsibilities that a resident of Saint Paul, Minnesota, would have were he or she to agree to be a trustee of a Minnesota trust. As a person reading this post could conclude, trust administration involves many detailed tasks that can take a lot of time and effort.
Even Minnesota residents who have heard of a holographic will may not know exactly what this kind of document is. A holographic will is actually a will written in the handwriting of the person making the will, known as the testator, and then signed and dated by the testator.
A trustee in Minnesota has several important responsibilities that he or she must perform properly if he or she chooses to take on the management of a trust. Some residents of Saint Paul who have to deal with a trust personally may wonder exactly what these responsibilities are.
Before any of this blog's Minnesota readers get the impression that probate litigation only happens when there is a lot of money at stake, they should be aware of the unfolding story of the probate fight involving the will of the mother of a big city mayor. The mayor and his seven siblings are currently wrangling over the details of their late mother's estate.