When a person dies it can be an emotional time for a family. Many people have taken the time to create an estate plan to help establish where their assets will go after they pass. But sometimes things don't go as planned and a will or trust is contested. Or a person dies without an estate plan and a family has disagreements as to what should happen to the assets. Legal disputes are still occurring for the estate of musician James Brown over 12 years after his death.
Many families in Minnesota have created a will to transfer their assets to their children upon their death. A will is a wonderful way to ensure a person's assets are distributed in the way in which they intend. Usually a will passes through probate without any issues, but occasionally a will contest occurs with an inheritance.
If you have an aging parent, you may have questions and concerns about what will happen to his or her estate. You may especially have worries if you suspect someone is manipulating your parent. The person you think may be exploiting your parent may be a romantic interest, family member or friend.
No matter how well planned a Minnesota resident's estate plan is, there can still be disputes among family members. There are many Minnesota residents who have created a trust. But, there are times when these trusts result in a dispute.
The population of aging Minnesotans is growing, and along with an aging population comes the worry of abuse. There are many unsavory people out there who prey on older Minnesotans. Elder financial abuse continues to be a major problem but there are ways for families to avoid abuse.