The time period related to estate administration is different with every estate plan and every kind of estate administration. Sometimes, estate administration and probate can go quickly and sometimes it goes less quickly. Often, though, things go much smoother and efficiently if you discuss how you would like your estate administered with your estate…
Estate Planning | The “Probate” Estate: Supervised and Unsupervised Administration
Proper estate planning means talking to a your lawyer and discussing the meaning of the word “probate” and what effect this word has on you and your estate. Traditionally, in many states in America, when a person dies, their estate requires “probate” administration through the courts. This is a fancy way of saying that your…
Estate Planning | Small Estates and the Courts
Estate planning can often be simple. It can often mean that the courts will not have much involvement and the costs to an average,middle-class person will be low. One of the easiest ways to have lower court costs and fees is to have a small estate for purpose of administration. Of course, larger estates mean more…
Estate Planning | Probate Assets
Estate planning is a legal term which means a plan that a person has made, prior to death, which clearly and succinctly sets out how the person would like their assets distributed to their heirs and creditors upon their death. Estate planning usually comes in the form of a Will or a Trust. Speaking with…
Wills or Trusts?
When considering whether you need a will or a trust for your family, there are certain facts that you should consider. One important consideration as to whether a will or trust is appropriate is what you would like to happen to your estate upon your death. For instance, do you want to draft a simple will…
Utilizing a Living Trust
A Living Trust is a contract between you and your heirs in which you specify what you want done with your assets after your death. You can change the terms of the Trust at any time while you are alive and you will have complete control over your assets during your life. During your lifetime,…
Family Estate Planning Advice
This is the initial post on this website which is dedicated to providing free, practical advice for estate planning and utilizing wills and trusts for your family’s benefit. I am an Minnesota state planning lawyer specializing in wills and trust for families. Please visit my law firm’s website at: flanderslawfirm.com for more information.