Over a lifetime Minnesota residents collect and earn a variety of assets. These assets can include original artworks, collections, stock options, cash, real estate, a business and other various personal property. Upon a person's death, these assets become part of the person's estate. Part of the estate will be used to settle people's affairs and part of the estate will be used to pay taxes. However, the rest of the estate will be used as an inheritance and be distributed according to the estate planning documents.
It is often said in Minnesota that a family's conflicts over inheritance lie under the surface, but one family's intergenerational business battle is truly subterranean. The heirs of the family that owns one of the most-visited underground caves in the nation has been fighting among themselves in court for years.