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Posts tagged "Heirs & Beneficiaries"

Assisted suicide bill surfaces in Minnesota

Currently legal in five states, the controversial issue of assisted suicide has been brought to the forefront of Minnesotans' minds as the Compassionate Care Act, which could potentially legalize assisted suicide, was recently heard in the state Senate. The bill would allow patients with a prognosis of less than six months to be prescribed a lethal prescription, ending their life instead of dying through the natural progression of their disease.

Young beneficiary receives large, confusing inheritance

Minnesota residents often work hard during their lifetimes in order to save for their retirements and to hopefully have enough left over when they pass away to give something to their heirs. Depending upon the amount of wealth that decedents have in their estate, their heirs and beneficiaries could stand to receive a lot of money or assets upon their death. While some heirs may be prepared to understand and manage their newly acquired wealth, others may be overwhelmed by the windfall that is bestowed upon them.

Hospitalized billionaire center of estate row

A titan in the media industry that might be known to Minnesotans as a primary stakeholder in television network CBS is now, at least according to a lawsuit filed by his longtime companion, incapable of making medical decisions or himself, or, for that matter, appointing a new person to make those decisions on his behalf.

We can help attorneys-in-fact accused of self-dealing

A recent post on this blog discussed how in Minnesota, an attorney-in-fact cannot, as a rule, engage in so-called "self-dealing," that is, the giving of money or other property to himself or herself. While there are some exceptions to this general rule, an attorney-in-fact who draws from the property of the person whose financial affairs he or she is managing runs the risk of facing a lawsuit or, in the most extreme cases, criminal charges

Are there restrictions on an attorney-in-fact's self-dealing?

Many residents of Saint Paul may at some point in their lives have to resort to relying on an attorney-in-fact in order to help them maintain their property. Minnesotans can appoint an attorney-in-fact by creating and signing a valid Minnesota power of attorney that gives the attorney in fact the right to make important financial decisions for the protected person.

Representing Minnesota conservators

The last several posts here have discussed the powers, roles and responsibilities of Minnesota conservators. If anything, the information may convince our Saint Paul readers that they do not want to ever serve as a conservator. However, many Minnesota residents will experience a time in which a loved one needs another person to look after his or her property in order to protect and preserve it.

The responsibilities of a conservator in Minnesota

There are certain legal terms in Minnesota when it comes to inheritance that an heir might not fully understand. This doesn't imply that the word itself is confusing, but the duties of a person whose responsibility it is to function as a conservator are not entirely clear. What are the steps that must be taken to perform the tasks in an aboveboard fashion? There are certain rules that a conservator must follow on an annual basis to adhere to the responsibilities.

How do a guardianship and a conservatorship differ?

Many Minnesotans who follow this blog have probably read about guardianships and conservatorships and the probate issues that can arise on account of them. However, other residents of Ramsey County might not have an exact idea of how a guardianship works.

Dispute of charitable gift latest row in family probate fight

Minnesota residents may be interested to know, in what seems like an unending probate fight amongst the family of wealthy oil tycoon, what some styled as a simple announcement of a generous charitable gift of $3.4 million to the American Cancer Society spawned letters to a major newspaper and calls to attorneys.

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Mason & Helmers
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St. Paul, MN 55101

Toll Free: 877-389-5533
Phone: 651-323-2548
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