For those with high-value estates, proper planning isn't just about allocating the wealth among those you love. It's also about divvying up the tax burden.
At our law firm we have assisted many Saint Paul, Minnesota, clients through probate litigation to achieve a successful result in a trial or a favorable settlement. However, at our law office we also know that it is often better when families are able to stay out of probate litigation altogether or, if that is not possible, when they are at least able to get the underlying issues resolved quickly.
Although in many cases probate litigation starts because of a disagreement between family members and other heirs, several previous posts here have discussed situations in which there can be a probate-related lawsuit even though family members and loved ones are all in agreement on how to handle an estate.
Previous posts here have discussed the legal dispute over the future of Viacom, a major media conglomerate and parent company of studios and channels that produce entertainment that would likely be familiar to many residents of Saint Paul, Minnesota.
For many residents in Minnesota, they have or will deal with the unfortunate death of a loved one. While this is not always expected, family members will have to face many realities, following the passing of a loved one. One major process that family members must go through is properly sorting through the deceased's belongings and property. In many cases, family member will have to go through a legal process to formally transfer property to others. This process is known as probate.
The battle over the multimillion-dollar estate of famous musician and former Minneapolis resident Prince continues. As of this writing, no will has surfaced.
As most residents of Saint Paul, Minnesota, who pay any attention to sporting news know, the heavyweight boxer Muhammad Ali, thought to be the greatest fighter ever by many, passed away recently. While the champion will of course not enter the boxing ring again, his absence won't necessarily prevent his relatives from fighting a court battle over the man's estate.
This blog has frequently discussed how probate litigation is more likely when a deceased person in Saint Paul or another part of Minnesota dies without a will or other formal estate plan. Although in some rare cases dying without a will might not be important, in most cases one of several problems will rear its ugly head and, potentially, cause probate litigation.
Last week's post on this blog discussed in general the various legal reasons that families or other interested parties may have for challenging a will. Legal reasons aside, there are also emotional reasons that family members engage in will contests, even when doing so involves suing one's own relatives.
The family of a famous artist who succumbed to the effects of a stoke and cancer last year is now in the midst of a court battle in which they are challenging a will that they say does not truly reflect their mother's intentions. Because this artist is nationally known, both in her own right and as part of a family of distinguished Native American artists, some residents of Rochester, Minnesota, may have heard of her.