Many Minnesota residents understand the importance of estate planning. Without having the proper legal documents in place, like a will or trust, a person's estate will go through probate, opening up a can of worms among their family members. Failing to plan for what happens to a person's assets upon their death can lead to many arguments among family members and a person's assets not going where the owner had intended.
Aging baby boomers make up a large percentage of the population in Minnesota. As this group of adults continues to get older, diminished mental capacity continues to increase as well. Diminished capacity in older adults can affect a person's financial decisions that can affect their estate, leading to probate litigation.
There are many Minnesota families who are taking care of an elderly family member. With a large portion of the population in their golden years, there are many who are suffering from Alzheimer's, dementia, and other diseases where they can't take care of themselves. An elderly conservatorship is a way to ensure these people are taken care of.
It is difficult to manage your emotions and legal matters after a loved one passes away. However, you expect the personal representative of the estate to handle things with integrity and honesty. Unfortunately, some personal representatives do not fulfill their obligations.
There are many instances of seniors being taken advantage by people who wish to gain access to their finances. Fraud is a huge problem in Minnesota and it can be hard for seniors to understand when there is illegal activity occurring. A new law aims to protect senior citizens from fraud on their financial accounts.
As we have discussed previously, elder abuse is a problem in Minnesota and across the country. Many states have tried to tackle this problem to keep vulnerable people safe.