There are many times when Minnesota siblings disagree over a parent's estate. Working out estate matters can be complicated, especially if siblings disagree. When there are inheritance disagreements, it can be stressful, emotional and ultimately, no one wins.
Specifying a Minnesota power of attorney is one of the most important estate planning activities a person should do. A power of attorney has the job because it allows someone the ability to act on behalf of an incapacitated or deceased person. There is either a medical power of attorney who is charge of a person's medical treatments or a financial power of attorney who has financial power, including opening and closing bank accounts, paying bills, cashing checks, etc. Both of these tasks require the power of attorney to act on the best interest of their principal.
Probate litigation can become necessary in a variety of circumstances. If you find yourself needing to take action, such as challenging a will or any of its provisions, it can be helpful to understand some basics about how Minnesota courts tend to handle such disputes.
Inheritance issues can happen when an estate needs to be settled. Although, most Minnesota estate are closed without issue, inheritance disputes are common. There are several causes of inheritance disputes among family members.
Many Minnesota residents will be fortunate enough to receive an inheritance. Inheritances are gifts from family members after they pass away. Unfortunately, these gifts sometimes become a source of contention.