Estate Valuation

Last week's post discussed how the value of an estate may be a hot point of contention in a probate dispute. After all, how property is valued can dramatically affect a person's inheritance, enough that it may be worth the legal costs of pursuing a lawsuit.However,...

While much of probate litigation involves issues like whether a will is valid or whether an executor has overstepped his or her authority, another important area of probate litigation consists of those cases that involve the value of an estate.Many times, when...

Although other states may have a so-called "dead man's" statutes on the books, the Minnesota has for quite some time rejected the approach favored in such statutes. Instead, Minnesota law opts to rely on the truthfulness of witnesses in probate disputes."Dead man's"...

When Minnesota residents find themselves managing the estates of their deceased relatives and relations they can run into many obstacles. One issue that estate administrators often encounter is how to value the assets and liabilities that the estates possess. An...

Many Minnesota residents who are aging may turn to a financial advisor for help with managing their retirement portfolio. Most of these people are reputable who only have the best interests of their Minnesota clients in heart. Some, however, are less than scrupulous...

When a trust is established, it is devised to benefit the loved one for which it was set up. Although no issues were apparent at the time the legal document was created, trust disputes could arise. Our firm understands that beneficiaries and trustees in Minnesota may...

Although some have dubbed the times in which we live a "new Gilded Age," there are some notable differences. Minnesota residents may have already heard that the wealth in this country is heavily concentrated, with 1 percent of American families holding about 35...

Over a lifetime Minnesota residents collect and earn a variety of assets. These assets can include original artworks, collections, stock options, cash, real estate, a business and other various personal property. Upon a person's death, these assets become part of the...

Minnesota Twins fans disappointed in the team's performance this season may be surprised to hear this, but the Major League Baseball team has been valued at $578 million. That's good news for the Pohlad family, who control the franchise they inherited from owner Carl...

Odds are that more than one of our Twin Cities readers has a sibling who borrowed heavily from mom and dad. In most cases, children borrow from parents for legitimate purposes such as financing a home or paying for unexpected expenses like medical care. In some cases,...