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Estate planning can be a sensitive and painful subject, so it is understandable if you have been putting it off. Many people do not want to dwell on their own mortality, or that of a loved one. Some people may suffer an unexpected loss, robbing them of the...
Real estate is always a special consideration in legal matters. When it comes to real estate that you leave behind after your death, there are several ways the court may handle it. What happens will depend on ownership of the property and your estate plan. According...
What do you need to include in your estate plan? House. Vehicles. Bank accounts. Investment portfolios. Family heirlooms. Artwork. Insurance policies. Yes, these are all good and important, but if you’re a business owner, inventor, writer or musician, you might need...
If you have children from a first marriage, entering into a second or third marriage has implications for their ability to inherit your estate. If you die without a will in Minnesota, your spouse will receive the first $225,000 in assets from your estate plus half the...
Planning for the future isn’t always easy, especially if it concerns plans for after your death. You’re likely not ready to talk about it, but you must find the time to do so anyway. When you don’t prepare for the future, it can cause problems for your family after...
Many people put off estate planning. Perhaps they prefer not to think about death while they are young and healthy. The old saying goes, “failing to plan is planning to fail.” That is a very accurate statement when it comes to estate planning. If people in your life...
Establishing, maintaining and updating, when necessary, a Minnesota estate plan represents one of the most loving things you can do for your family. It also represents the one sure way by which you can make your preferences known. Unfortunately, many people, including...
If you have an aging parent, you likely want to encourage him or her to write an estate plan. Doing so gives your mother or father control over what happens to assets after death. If your parent has some wealth, estate planning also ensures that you receive your fair...
Any beneficiary has the legal right to contest a will or trust executed in Minnesota or anywhere else in the U.S. When heirs believe the deceased intended to leave them a particular asset or property, they may initiate a dispute through the probate court. To succeed,...
Your loved one has passed on, and you’re ready to put their estate quickly to rest. Unfortunately, going by the book means their affairs could take months to resolve. While each probate case is different, the average time to settle an estate is nearly 16 months....
