I wrote the book on Minnesota probate.
You’ve spent a lifetime building up your assets and your home is filled with curiosities, collections and family treasures. When you’re making your estate plans, dividing up the bank accounts, insurance policies and investment accounts is usually pretty easy. Dividing...
Did a family or friend recently begin estate planning and asked you to be their executor? If this is your first time hearing about an executor, you may be wondering what the role entails. An executor shouldn’t be confused with an executioner, which would pose all...
The federal government and the state of Minnesota assess estate taxes in some situations. When people die with millions of dollars in personal property, their estate will likely have to pay taxes based on the overall value of the estate. Exactly how much someone owes...
Now that you’re getting older, it might start making sense to update your estate plan more regularly and to make sure it is designed in a way that makes sure you have what you need in the case that you have to qualify for Medicaid or other medical services. Your...
A will is a powerful legal document that determines who inherits from an estate and possibly gives someone authority over minor children when their parents or guardians die. Individuals create wills to provide for their loved ones when they die and to have a lasting...
Your estate plan helps protect your family and lets you sleep peacefully at night knowing you will leave no unresolved issues if you die. You may have invested many hours of careful consideration into the estate plan you created. It is normal to expect those documents...
No one wants to think about leaving behind their pets when they die. They also don’t want to imagine a time when they can’t be there to take care of them because they’re too ill or injured to do so. Unfortunately, those things do happen, and pets can end up being...
For many families, reviewing someone's will or estate plan is a technical process. Everyone already knows what to expect, so there are no surprises in the early stages of estate administration. For a small number of families, the terms in the estate plan will come as...
The equity you have built up in your home over the years is potentially your biggest source of personal wealth. It may be the most valuable thing you have to pass on to your loved ones when you die. Especially if you are now the sole owner of the home where you live,...
There are many responsibilities that fall to the personal representative of someone's estate. Their job includes securing property, presenting financial and estate documents to the probate courts and even paying off debts on behalf of the estate. Debts owed by the...