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After you die, your estate may need to go through the probate process. Probate refers to the legal process of transferring property to the correct beneficiaries following the death of the estate owner. According to the Minnesota Judicial Branch, whether an estate goes...
After you die, your estate will likely undergo the probate process. This legal process involves formally recognizing the existence of a will and appointing the executor to administer the estate. Once the probate process concludes, according to the American Bar...
Estate valuation is necessary for home buyers and sellers and property investors. These individuals want to ensure they are not overpaying for a property, and sellers want to make sure they are getting the money they are entitled to. Since some properties in the...
Many business owners in Minnesota face challenges when it comes to accurately calculating the value of their businesses. However, business valuation is essential, especially if you plan to sell the company or need to secure some funds. You may also need to do a...
It is often the case that families in Minnesota and around the nation will find out about the hefty taxes they need to pay on an estate days after the relative's death. According to the IRS, holders of an estate with an accumulative value of over $11.18 million must...
When a Minnesota resident dies, they have often accumulated debt. It is important to address this debt when the affairs are sorted out. If there is debt that is not paid off by an executor, there can be some problems. Paying off the estate's debts is one of the...
When a person passes away, their heirs and other family members are there to help settle the estate. This can be a complicated process, especially if the person has quite a few assets that need to be settled. An estate needs to have a valuation completed, but how is...
Nowadays, individuals in Minnesota and elsewhere understand the importance of establishing an estate plan. Taking this step not only protects the individual and their wishes when it comes to property and asset distribution, but it also protects the loved ones of the...
When a family member dies, their estate may wind up in probate. The probate process in Minnesota can be complicated and involve many different interested parties. One of those parties may be creditors. When an estate is in probate, there is often a personal...
When someone dies, they typically leave their estate to their loved ones. Occasionally, disputes arise regarding the estate among those who are left behind. In these circumstances, estate disputes can become complicated and stressful. Estate mediation is one way to...
