Many Minnesota families understand the emotional trauma of a family conflict over a loved one's estate. No matter how well someone plans their estate, they cannot plan for an unexpected family squabble over it. An inheritance dispute can happen to any family and in these circumstances, hiring an attorney may be a good idea.
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.
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.
No matter how well a Minnesotan may plan, an inheritance dispute can occur to just about anyone. Even the best laid out plan can fail. These disputes are emotional and can result in families broken apart forever.
Inheritance is a tense subject for many Minnesota families. Children often have different ideas of what they will be receiving from their parents than what their parents have intended. Many times, parents wish to leave their children uneven amounts of their inheritance.
No one expects they will be involved in an inheritance dispute among other heirs. But, this becomes the reality for many families in Minnesota. There are many approaches a family can take to minimize inheritance conflict.
When a parent dies, they hope that their children will settle their estate fairly. But, even the best intentioned plans often end in a family dispute. The founder of 1980s clothing brand, Esprit, has family involved in an estate dispute.
Hugh Hefner, the founder of the Playboy media empire, recently died at the age of 91. Minnesotans who were familiar with the mogul's life may remember that he married his third wife in 2012 and she was around 60 years younger than him. In addition to his wife, Hefner is survived by four children from his prior marriages.