Whether someone has the the “capacity” to make a Will under Minnesota law is important. When we do a consult with new clients, one of the first questions a lawyers asks is: does the person making the Will have the necessary legal “capacity?” The response we often get from clients is: “what the heck are…
How to Make a Will in Minnesota | MN Lawyers Blog
How Do You Make a Will in Minnesota? Most people realize they need a will. But many people don’t quite understand why or what it all means.If you have questions about how to make a will in Minnesota, read on for more information from a Minnesota law firm. The Requirements of a Valid Will A…
How to Get Letters Testamentary | Minnesota Probate Law
Getting Letters Testamentary One of those common question the law firm receives is: “how do I get letters testamentary?” Because this questions comes up so often, we have decided to write a long post about the topic. Letters Testamentary Before we can answer the question of how to get letters testamentary, it is important to…
Minnesota Estate Planning and Partnership Law
Minnesota Partnership Law If youre considering starting a new business, you might be thinking about forming the business as a partnership. Partnerships are fairly easy to establish and have many benefits for the members of the partnership. Though this may be a good business entity for you, there are challenges that you must keep in…
Minnesota Estate Planning | Forming an LLC in Minnesota
If you own an existing small business or are considering launching an entirely new business, you may be debating the legal form that business should take. A commonly used option is to create an LLC. Though you may have heard the term, you may not fully understand what an LLC is or how to go…
What Is a Revocable Trust | Minnesota Law
What is a revocable trust? When most people think about estate planning, their first thought likely involves creation of a will. Others may realize the importance of a living will/healthcare power of attorney or even a financial power of attorney. Once the bare minimums have been accounted for, it is rare for most people to…
MN Estate Planning | When adding your child’s name to your deed goes wrong
Titling and Deeding of Property in Minnesota It’s not uncommon as people age to start considering strategies to either avoid probate or limit assets that could be taken to pay medical/nursing expenses. One of the most well-known strategies is to simply add your child’s name to the deed of your house. Though the strategy is…
Trump Tax Bill and Minnesota Estate Planning
Tax Cut | Estate Planning Its taken some serious wrangling, but Congress and President Trump have finally moved forward on one of the key Republican promises of 2016: passing a massive tax cut. There have been several iterations of the tax cut plan, some even more generous than others. As of December 22, 2017, President Trump…
Minnesota Estate Planning Law | The Slayer Statute
The Slayer Rule When most people think of estate planning law, they dont usually imagine much excitement. Murder, disappearance, millions of dollars and intrigue. It sounds more like a made for television movie than a probate case. But thats exactly whats happening in a case currently pending in New Hampshire. One family is engaged in…
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…