Elder Law in Minnesota Elder law is a broad term which encompasses various different legal matters. It can be guardianships, consevatorships, powers of attorney, medical assistance and even Minnesota probate law. Potentially, as you advance in years, there’s the chance that you may run into a legal matter which falls into this classification. And once…
Author: Flanders Law Firm LLC
Preparing for Incapacity | Minnesota Wills, Trusts, and Guardianships
All of us have the potential to become incapacitated at any given point in time. It’s not a nice truth, but it’s a truth, nevertheless. Some of us see it happening years beforehand. Others of us see it only seconds before it’s already too late, leaving us unable to continue living our lives to the…
Proper Trust Accounting in Minnesota | Duties of Trustees
What is a proper trust accounting in Minnesota? Under Minnesota trust code, a trustee of a revocable or irrevocable trust, in Minnesota, must conduct a “trust accounting” and serve the same upon any beneficiaries or other “interested parties” of the trust. (As an aside, I will not go into what the term “interested parties” means…
How to prepare for estate planning | MN Wills & Trusts
How to Prepare for Estate Planning Why: Keep Family Together Estate planning exits to ensure that your possessions go to where you want them to go. For example, let’s say that you have three children that you want to pass your estate to. However, much to your disappointment, there exists some underlying sibling rivalry between…
Should You Get a Trust? | Minnesota Estate Planning
MN Estate Planning | Should You Get a Trust? Minnesota Trusts are funny little things. You’ve most likely heard them tossed around in the same sentence as wills and estates, but you might not be sure if having one is really advantageous to estate planning. This article aims to tackle that issue head on. Before…
Going Through Probate Without a Will | Minnesota Law
Ideally, everyone would be born with a will which would automatically adjust to their estate assets and heart’s desires. Such is not the case. Wills may need to be updated often to account for incoming assets and changing families. Passing without a will or a trust remains a regular circumstance. Thankfully, there’s an answer to…
MN Wills and Trusts | Do I need a lawyer for estate planning?
Why You Need a Lawyer for Estate Planning You probably know your estate relatively well. Or perhaps there are a few details that are a little bit fuzzy. Regardless of what you know about your estate itself, you still need a lawyer to help you plan out your Minnesota estate. There’s a lot more to…
Tax Identification Numbers | Minnesota Trusts and IRS
Taxes and Minnesota Trusts Many new estate planning clients have lots of questions about taxes. After all, who wants to pay taxes? Mainly, people want to know how to avoid taxes when they die. Although there are a number of tax planning “strategies” that can be discussed in every new estate planning consult, it is…
Minnesota Requirement to Probate a Will
Questions about the Minnesota requirements to probate a Will? Read on for an article of what exactly this Minnesota “probate” process is, what it entails, and what the requirements are. Minnesota, like many other states, relies upon it’s own particular version of The Uniform Probate Code. What is this code? Basically, it is a uniform,…
Minnesota Estate Planning | Do I need an estate plan?
Do you need estate planning? Estate planning is not only for the rich. It’s also for everyday individuals who are getting ready for whatever life might have for them. While estate planning isn’t a required part of life, it makes things easier in the long run for your loved ones. Thinking that estate planning is…