Understanding Accounting Requirements in a Minnesota Conservatorship In the state of Minnesota, a conservatorship is a legal arrangement where an individual, known as the conservator, is appointed by the court to manage the financial affairs of another person, typically due to their inability to do so themselves. This could be due to age, illness, or…
Category: Minnesota Guardianship
How to Change a Minnesota Guardianship or Conservatorship
When Guardianship Can be or Will be Changed It may feel like your guardianship will last forever. However, on the contrary, there’s a bit of finalization to your role that you may not have realized. Minnesota guardianship law says that someone can try to petition for your removal as a guardian for any good reason….
What Does the term Fiduciary Mean?
What does the term fiduciary duty mean? Though the term fiduciary duty isn’t used all that often, it still relates to several legal roles that can affect our everyday lives. Executioners and trustees can have fiduciary duty, making this term a big part of probate law. Though, there are other roles that fit into this…
What it means to be a Conservator in Minnesota
What it Means to Become a Conservator in Minnesota Finances are funny things. After each of us has been here long enough, there’s the possibility that we’ve wished that we had a little extra help with money at one point or another. Conservatorships are one such form of help. While having a conservator probably doesn’t…
Power of Attorney Versus Conservatorships and Guardianships
Power of Attorney Versus Conservatorships and Guardianships When discussing Minnesota elder law and minor child law, the topic of handling hard situations might arise. You might be asked whether or not you want to leave open the option to having a guardian and/or conservator. Otherwise, you might be approached about giving someone power of attorney…
Preparing to Become a Legal Guardian of Someone
Preparing to Become a Legal Guardian Congratulations is in order. You or someone you know probably wants to become a legal guardian. At least, you’re thinking about the topic. Guardianship takes a lot and guardianship lawyers are there to help you work out the minor details. There is paperwork that must be done, you must…
How to Become a Legal Guardian in Minnesota
How to Become a Legal Guardian in Minnesota Congratulations is in order. You or someone you know probably wants to become a legal guardian in Minnesota. At least, you’re thinking about the topic. Guardianship takes a lot and guardianship lawyers are there to help you work out the minor details. There is paperwork that must…
Advantages of a Revocable Trust In Minnesota
Advantages of a Revocable Trust As we mentioned last week, talk of trust funds can lead to lots of confusion. Even those interested in learning more about estate planning can be overwhelmed when the topic of conversation turns to trusts. These tools are often viewed as confusingly complex and only for those with money to…
Time Limits for Probating a Will in Minnesota
Typically, when we discuss timing and probate, the issue concerns how fast (or slow) the probate court is likely to move. Though this is a common question, and a good one to understand, for some people moving quickly may not be what theyre most concerned about. In such cases, the question is not how fast…
MN Estate Planning | Paul Walkers Estate Plan Provides Many Lessons
Perhaps best known for starring in The Fast and Furious movie franchise, Paul Walkers fame was still on the rise when he passed away suddenly at the age of 40 in November of 2013. News reports indicate that Walker was killed while riding as a passenger in a friends Porsche being driven at close to…