Why Should You Consider A Revocable Trust? We’ve done a few posts on revocable trusts already. In the first, we explained more about what a revocable trust was and how it worked. In the second, we talked about some of the most important benefits of a revocable trust. Now that you have a bit more…
MN Wills & Trusts | Different Ways to Hold Title to Property
Different ways to hold title to property A recent article in the Washington Post involved a letter from a reader asking whether she and her husband needed to create a trust to ensure that, in the event of eithers death, the other would be guaranteed to take ownership of the family home seamlessly. The author…
What Is a Valid Will in Minnesota?
What is a Valid Will in Minnesota? It is very important that people understand that Wills need to be drafted and executed in the proper, legal manner. If the legal requirements are not met, a court of law could invalidate what people believed was a proper Will. Minnesota law has very clear language on what…
Common Mistakes Made When Handling Your Own Minnesota Estate Planning
Common mistakes when drafting your own estate plan We discussed some of the dangers of drafting your own estate plan last week as well as the questions to keep in mind if you’re thinking about doing it yourself. For those that are still determined to create an estate plan alone, there are some common mistakes…
Minnesota Probate Law | Subject Matter Jurisdiction
Subject Matter Jurisdiction in a MN Probate In a probate proceeding, the personal representative of the estate files an application with the probate court in the county where the decedent lived at the time of his or her death. This process triggers entry into probate court. All counties in Minnesota have probate courts to hear…
MN Probate Law | When Death Isn’t Definite
When dealing with probate and estate planning issues, an unfortunate prerequisite is death. Someone has passed away and loved ones have to scramble to get their ducks in a row. The assumption is that death is concrete, tangible and easily ascertained. Its everything else that’s supposed to be complicated. Though that’s often true, it isn’t…
MN Estate Planning | Titling of Property in Minnesota
A recent article in the Washington Post involved a letter from a reader asking whether she and her husband needed to create a trust to ensure that, in the event of eithers death, the other would be guaranteed to take ownership of the family home seamlessly. The author of the article dove into the issue…
Time Limits for Probating a Will in Minnesota
Typically, when we discuss timing and probate, the issue concerns how fast (or slow) the probate court is likely to move. Though this is a common question, and a good one to understand, for some people moving quickly may not be what theyre most concerned about. In such cases, the question is not how fast…
Minnesota Wills | The Dangers Of Estate Planning On Your Own
Many people understand the importance of creating an estate plan and the risks that can come from failing to do so. In an attempt to get their ducks in a row, some might decide to try a DIY approach, going online and paying some internet legal document creation company for a template will, trust or…
Minnesota Revocable Trusts | Trust Law
There are all kinds of trusts floating around out in the world: revocable trusts, irrevocable trusts, charitable trusts, special needs trusts, spendthrift trusts, asset protection trusts, constructive trusts, etc., etc. With so many options, it can be hard to understand which is which and what one or ones are worth considering given your particular circumstances….