Understanding Minnesota Protective Accounts for Minors In the realm of financial management and legal protection for minors, Minnesota has established a framework known as Protective Accounts for Minors. These accounts are designed to safeguard the financial assets of children and young adults, ensuring that their funds are managed responsibly until they reach the age of…
Author: Flanders Law Firm LLC
Understanding Accounting Requirements in a Minnesota Conservatorship
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…
The Necessity of Guardianships Under Minnesota Law
The Necessity of Guardianships Under Minnesota Law Guardianships are a critical legal mechanism designed to protect individuals who are unable to manage their personal or financial affairs due to incapacity. In Minnesota, guardianships are governed by the Minnesota Probate Code, specifically under the Uniform Guardianship and Protective Proceedings Act (UGPPA). These provisions aim to ensure…
Minnesota Conservatorship | The Affidavit of Service
Why Conservators in Minnesota Should be Aware of Affidavit of Services Being a conservator means more than handling assets. There’s also one specific document that you’re probably going to need to complete before your conservatorship ends. Conservatorship law in Minnesota dictates that you’re probably going to complete an affidavit of service at some point. What…
Minnesota Probate Law and Procedures
Minnesota probate law and procedures govern how the probate process is conducted within the state. Below, I’ll provide an overview of some key aspects of Minnesota probate law and procedures: Jurisdiction: Probate matters in Minnesota are typically handled by the district court in the county where the decedent resided at the time of their death….
Common Probate Issues in Minnesota
Common Probate Issues in Minnesota Should you ever find yourself opening a Minnesota probate law case in the land of ten thousand lakes and twenty winters, you may want to note a few particular parts to the process. It may cause some cash to be spent, and how the case is handled could be dictated…
Probate Takes a Long Time: Here is Why
Probate Takes a Long Time If the probate law case you’re working on is going swimmingly, that’s something to be proud of. There are countless ways that any such case can metaphorically run aground. The outlandish circumstances aside, and assuming that the appointed executor survives to complete the case, the following four sections might give…
Do You Need a Will in Minnesota?
Do You Need a Will in Minnesota? | Reasons Why You Need a Will Even if You Think You Don’t Though no one in your family might be prompting you to procure a will, you may still find one handy. Minnesota Wills surpass income brackets and assist people of all walks of life. As long…
Minnesota Power of Attorney
Minnesota Power of Attorney Minnesota Power of attorney is a very important estate planning document and helps Minnesota residents with financial transactions during someone’s lifetime. In essence, the power of attorney allows third-party to act on behalf of another person, for all manner of legal transactions. These transactions can include financial transactions, banking transactions real…
Benefits of a Revocable Trust in Minnesota
Benefits of Revocable Trusts in Minnesota As estate planning lawyers, we often have conversations with clients about the differences between wills and revocable trusts. This article will focus on benefits of revocable trusts in Minnesota. Some of the common reasons to use a revocable trust are: Avoiding probate Holding land or real estate Having spendthrift…