During the estate planning process, an individual names a personal representative to manage his or her affairs after death. This representative must act as a fiduciary when managing the estate, putting its best interests before his or her potential financial gain....
Blog
Month: August 2021
Why would you want to remove a trustee from your trust?
You may find that there’s a problem with a trustee you have named in your Minnesota trust. Depending on the circumstances, you may want to remove that trustee. There are five key reasons to remove a trustee from your trust. Failing to comply with the terms of the...
Settlement reached in James Brown estate dispute
Minnesota residents have likely read many media stories about bitter disputes between the relatives of celebrities who died without leaving behind a last will and testament. The legendary singer James Brown avoided this mistake by putting a complex estate plan into...
Testamentary capacity and will validity during probate
People in Minnesota make wills in order to ensure their property is passed on after their death according to their wishes. However, in order for a will to be considered valid during the probate process, it must meet certain standards. This may come under additional...
How to disinherit a child from your will
Just like every family in Minnesota is different, so is every estate plan. Although disinheriting a child is unusual, there are many different reasons why some parents choose to do it. In many cases, disinheritance occurs not because of a rift in the parent-child...