Blog
Getting an estate plan together is no easy feat. If you already have one in place, give yourself some credit. You are part of a small percentage of Americans that can claim to have their affairs in order. This is true even after living through a global pandemic — a...
When you set up your estate plan, you should also include a legal, financial and healthcare power of attorney. This can be one person, or you can choose separate individuals for these roles. Because these individuals could gain control over your finances, legal...
A key component of a will’s validity is that the grantor had the mental capacity to establish the document. In this situation, mental capacity refers to an awareness and understanding of the document and its implications as well as clear intent for its declaration....
An heir whose deceased relative's estate enters probate litigation is wondering what it is. That is a normal reaction because it is not the standard probate course. Here are some answers to common questions about probate litigation. 1. What is it? Probate litigation...
If a family member or friend has asked you to serve as trustee or executor, carefully consider your answer. The role they are asking you to fill is a serious one, with both legal and moral obligations. If you do not wish to serve in this capacity you have the right to...
When choosing an executor, it is important to pick someone who has both your personal trust, as well as your trust that they can handle a high-pressure, high responsibility job. But what jobs do executors have, exactly? They are more numerous and crucial than one may...
After you die, your estate may need to go through the probate process. Probate refers to the legal process of transferring property to the correct beneficiaries following the death of the estate owner. According to the Minnesota Judicial Branch, whether an estate goes...
After you die, your estate will likely undergo the probate process. This legal process involves formally recognizing the existence of a will and appointing the executor to administer the estate. Once the probate process concludes, according to the American Bar...
During the estate planning process, an individual names a personal representative to manage his or her affairs after death. This representative must act as a fiduciary when managing the estate, putting its best interests before his or her potential financial gain....
You may find that there’s a problem with a trustee you have named in your Minnesota trust. Depending on the circumstances, you may want to remove that trustee. There are five key reasons to remove a trustee from your trust. Failing to comply with the terms of the...
