Inheritance is a tense subject for many Minnesota families. Children often have different ideas of what they will be receiving from their parents than what their parents have intended. Many times, parents wish to leave their children uneven amounts of their...
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Inheritances
How to manage inheritance disputes
No one expects they will be involved in an inheritance dispute among other heirs. But, this becomes the reality for many families in Minnesota. There are many approaches a family can take to minimize inheritance conflict.Preventing estate conflicts before they arise...
North Face and Esprit founder’s children fighting over estate
When a parent dies, they hope that their children will settle their estate fairly. But, even the best intentioned plans often end in a family dispute. The founder of 1980s clothing brand, Esprit, has family involved in an estate dispute.In 2015, the co-founder of...
Reasons why siblings argue over inheritances
Many children in the United States believe they will receive an inheritance when their parents pass away. But, when there are siblings involved, it can lead to disagreements. With the number of baby boomers passing away on the rise, there is quite a lot of money...
Hugh Hefner’s wife left out of his estate plan
Hugh Hefner, the founder of the Playboy media empire, recently died at the age of 91. Minnesotans who were familiar with the mogul's life may remember that he married his third wife in 2012 and she was around 60 years younger than him. In addition to his wife, Hefner...
What happens if an heir cannot be found?
Minnesota residents who are involved in the probate portion of a loved one's estate understand how complicated the distribution portion can be. Occasionally an heir is mentioned in an estate but they cannot be found. There are steps that can be taken when this...
Can a personal representative or trustee be removed?
It is an all-too-common scenario for many Minnesotans-the personal representative of an estate not performing his duties. Is it possible to have the personal representative removed from the estate?There are many ways a personal representative of an estate can abuse...
Splitting assets among children and stepchildren
Married couples in Minnesota with children from earlier marriages or relationships face questions on deciding fair inheritances. More blended families and remarriages later in life make estate planning even more important for parents.Ill-will and possible litigation...
Avoid making mistakes with an inheritance
One-third of all Americans expect to receive an inheritance, according to recent polls. However, many beneficiaries in Minnesota and nationwide do not use these assets wisely to meet long-term financial goals.Prudent use of an inheritance allows beneficiaries to...
Handling digital assets upon death
Estate planning has long dealt with transferring property such as real estate, funds and jewelry as inheritances. Technology, however, has created new issues with the advent of digital assets such as the information stored social media, Twitter, blogs, personal or...