COVID-19 NOTICE: WE ARE OPEN FOR BUSINESS AND ARE DEEMED ESSENTIAL BY THE STATE OF MINNESOTA.

We are working remotely and all of us continue to be available by telephone or email. In alignment with national, state and local initiatives as it relates to the coronavirus, we remain open for business and have changed the way we are working for the health and well-being of our employees, and you, our valued clients and colleagues. Read more

Mason & Helmers
We Welcome Your Call
  • Phone 651-323-2548
  • Toll Free 877-389-5533

Posts tagged "fiduciary removal proceedings"

Gambling granny raids grandson's college trust

Readers in Minneapolis and St. Paul may have tuned in to our previous discussions about the risks of financial exploitation of vulnerable adults, but a recent case involving a gambling grandmother turns the tables on the usual roles of exploiter versus exploited. Criminal charges stemming from the grandmother's looting of her grandson's college trust fund still serve as a lesson in the importance of monitoring the financial practices of an elder family member, but also illustrate the importance of legal assistance in matters of trust administration.

Vulnerable adults in South St. Paul victims of exploitation

Twin Cities residents with loved ones in residential care may want to take notice of a recent criminal case in Dakota County involving the financial exploitation of residents at a nursing home in South St. Paul. Four counts of financial exploitation of a vulnerable adult led to a guilty plea by the accused woman, who allegedly stole almost $63,000 between March 2009 and November 2010. She apparently was able to obtain the money by writing checks to herself from the victims' checking accounts.

Millionaire's estate planning offers lessons to Minnesotans

Minnesotans considering trust litigation may want to consider the case of a wealthy polo club owner. The entrepreneur established an irrevocable trust naming his two biological children as beneficiaries. He also appointed a wealth management firm to oversee the administration of the trust. Because the trust is irrevocable, the polo club owner has no authority to remove the wealth management company as trustee. Claiming to have lost confidence in the company's management, the entrepreneur elected to adopt his adult girlfriend in order to make her a beneficiary of the trust. Through this adoption, the entrepreneur gave his 42-year-old girlfriend the legal authority to challenge the administration of the trust and potentially replace the wealth management firm with a new trustee.

Beneficiaries beware: estate litigation becomes common occurrence

Minnesota beneficiaries may be able to learn lessons from the famous estate disputes of celebrities. Public lawsuits over celebrities' estates have brought light to such issues as self-dealing, proper execution of trusts and misuse of funds.

At issue: fiduciary duties and the Etta James estate

Minnesotans are known for being very polite and generous people, and not too quick to offend. These admirable traits are just a few things that make living in Minnesota special. However, that these good qualities are the norm may sometimes result in Twin Cities residents' not being particularly comfortable in discussing a loved one's end-of-life wishes. Indeed, many families throughout the country put off important decisions regarding wills, trusts, guardianships, conservatorships and other estate planning matters, and too often the end result is problems with probate.

Rosa Parks estate at the center of probate dispute

Readers in the Twin Cities will be interested to hear of a recent court decision that involved the estate of the late civil rights activist Rosa Parks. The case has been unfolding in Michigan, where the state supreme court just overturned a previous ruling given by a probate judge and the Michigan Court of Appeals. Reportedly, the probate dispute has been focused on a $10 million memorabilia collection and the intellectual property rights of the late civil rights icon.

For Assistance with Estate Disputes & Other Matters, Contact Us

To learn more about the firm and how we can assist you,
contact Mason & Helmers in St. Paul, Minnesota. Call 651-323-2548 or 877-389-5533 (toll free) to set up an appointment.

*AV®, AV Preeminent®, Martindale-Hubbell Distinguished and Martindale-Hubbell Notable are certification marks used under license in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell® is the facilitator of a peer review
rating process. Ratings reflect the anonymous opinions of members of the bar and the judiciary. Martindale-Hubbell® Peer Review Ratings™ fall into two categories — legal ability and general ethical standards.

Contact Our Attorneys

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response
Mason & Helmers

Mason & Helmers
332 Minnesota Street
Suite W-3070
St. Paul, MN 55101

Toll Free: 877-389-5533
Phone: 651-323-2548
St. Paul Law Office Map