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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...
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...
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...
When a Minnesota resident passes away, the probate court will utilize the person's will to determine how their assets are to be distributed. In the event that the deceased person didn't have a valid will, their assets are distributed according to the intestacy laws of...
As you plan your estate in Minnesota, you're likely going to designate beneficiaries. By doing this, you're setting up plans for who receives your assets when you pass away. Considering that, you'll be in charge of naming your beneficiaries. While this might sound...
When parents make their estate plan, they may wonder how to reduce sibling estate disputes. When siblings disagree about a parent's estate, it can create conflict during an emotional time. However, in Minnesota, there are things that a parent can do in order to...
When you write your will, it might seem safe to assume that your beneficiaries will receive their inheritance exactly as you planned. Unfortunately, Minnesota creditors and even divorced spouses can get in the way. You might want to place your assets in different...
Minnesota state law allows you to disinherit your children from your will. The idea to disinherit children from your will should be made from your own will with no duress. Additionally, there should be a factual reason to disinherit children. Nevertheless,...
Unfortunately, the days following the death of a relative are often some of the most tense within a family. In an ideal situation, family members would come together to comfort one another and mourn their loss, but that is not always the case. Estate planning in...
When Minnesota residents die without a will, their heirs are typically next in line to receive all their assets. If you've recently lost a loved one, you might be wondering if you're entitled to a portion of their estate. Here's how you can figure out if you're one of...
