If you’re preparing to create an estate plan, you might think it’s all pretty straightforward. Simply write down a list of names and you’re done. Once you’re gone, those named heirs will receive their designated items, no muss, no fuss. Though possible, things seldom go so smoothly. Instead, life intervenes and can disrupt your supposedly…
Category: Minnesota Probate
Minnesota Estate Planning For Single People
One of the big motivators that drives people to get their act together, at least from an estate planning perspective, is the existence of a family. Having a spouse and children to worry about is often the push most people need to step up and start tackling an issue they would normally be content to…
Minnesota Probate and Creditor Claims
Creditor Claims in Minnesota Probate Estates Minnesotas probate statute attempts to clearly delineate the rules for the administration estates. The underlying purposes and policies of the probate statute are to simplify and clarify the law concerning the affairs of decedents, missing persons, protected persons, minors, and incapacitated persons, and to promote a speedy and efficient…
Elder Abuse and Minnesota Estate Planning
Elder Abuse Those who are in a position of caring for older and vulnerable adults provide a valuable and courageous service. There are many challenges in providing for vulnerable and partially handicapped adults in health care, financial items, and other matters. However, primary caretakers for vulnerable adults cannot do it all. Often times, they bring…
Do I Need a Will? | Minnesota Estate Planning
Do I Need a Will? A will is a document that provides peace of mind to those seeking to have their assets distributed in an orderly fashion upon their death. Although Minnesota does not require individuals to have a will, consulting a knowledgeable attorney about drafting a will ensures that your assets will not be…
MN Estate Planning | Family Limited Partnerships
Family Limited Partnerships in Minnesota Family-run businesses are an excellent means for parents to leave a legacy for their children. Although simple in concept, passing a family run business down to children or grandchildren can present unexpected pitfalls. Increasingly, many small businesses are using business associations to accomplish estate-planning goals. Partnerships are a business entity…
How to Probate a Will in Minnesota
There are many important steps to probating a Will in Minnesota. Minnesota law governing the subject is codified under Minnesota Statute 524, the Minnesota Uniform Probate Code. The probate process is complicated. One of the first things that a new executor or personal representative should do is review and read the Will from beginning to…
What to Expect from a Minnesota Probate Hearing
Do you have questions about what to expect from a Minnesota probate hearing? Read on for more information. The basics of a Minnesota probate hearing After the Petition for a probate estate administration has been filed with the proper county court, an Order for hearing is issued by the court. This Order must be given…
Minnesota Probate Vocabulary
Useful Probate Vocabulary for Minnesota Personal Representatives Once someone close to you has passed away and you need to begin serving as the estates personal representative, its a good idea to brush up on some Minnesota probate vocabulary that can help you with your various duties. In fact, you may even discover a shortcut or…
Should You Choose Whole Life or Term Life Insurance?
Questions about Life Insurance in Estate Planning? Read on for more information. Now that so many people review their life insurance coverage while creating their estate plans, its doubly important to choose the type of policy best suited to your current needs. Fortunately, there are key facts about these various policies that can help you…