Aging baby boomers make up a large percentage of the population in Minnesota. As this group of adults continues to get older, diminished mental capacity continues to increase as well. Diminished capacity in older adults can affect a person's financial decisions that can affect their estate, leading to probate litigation.
There are many Minnesota families who are taking care of an elderly family member. With a large portion of the population in their golden years, there are many who are suffering from Alzheimer's, dementia, and other diseases where they can't take care of themselves. An elderly conservatorship is a way to ensure these people are taken care of.
There are many instances of seniors being taken advantage by people who wish to gain access to their finances. Fraud is a huge problem in Minnesota and it can be hard for seniors to understand when there is illegal activity occurring. A new law aims to protect senior citizens from fraud on their financial accounts.
As we have discussed previously, elder abuse is a problem in Minnesota and across the country. Many states have tried to tackle this problem to keep vulnerable people safe.
Unfortunately, not every estate is settled peacefully in Minnesota. There are many times when an heir does not agree with the settlement and feels it wasn't fair. These situations are emotional and complicated and can lead to probate litigation. In a recent case, parents are fighting with each other over their son's estate.
Many Minnesota residents own their own business. Small businesses make up an important part of the Minnesota economy. While some businesses have been in the same family for generations, every small business owner works hard to ensure their business succeeds. When it comes time for the business to pass to the next generation, probate litigation can arise.
Elder abuse is a serious issue in Minnesota and across the United States. Undue influence in estates is a subject that many families have had to face. When an elderly loved one and their estate is taken advantage of and manipulated it can be a devastating situation.
Elderly financial abuse is common and fraud or undue influence can seriously affect a person's financial affairs. It seems as if there are news story about an elderly person who has been taken advantage of quite frequently. Even if a family thinks it will never happen to their loved one, you just never know.
Probate dispute attorneys in Minnesota understand that probate litigation not only has financial consequences, but can also have psychological consequences for those who are involved as well. A will or trust can often lead to many emotional fallouts for families.
An elderly person often entrusts their financial matters to a family member or friend once they are unable to handle their finances on their own. Usually this relationship works well and allows the elderly person to have help with their financial matters. But, occasionally this trusted person takes advantage of the elderly person which can result in financial exploitation, and subsequently, probate litigation.