We Welcome Your Call
651-323-2548
Beneficiaries rely completely on trustees to manage the assets of a trust with integrity, in accordance with the grantor's wishes. Unfortunately, conflicts often arise when a trustee fails to live up to their expected standards. If you suspect that the person managing...
When establishing a trust, one of the key decisions someone must make is choosing a trustee. This often leads to an important question: can a trustee also be a beneficiary of the same trust? The answer is yes, but it is important to carefully consider the...
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...
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...
To ensure that their assets are distributed evenly after they die, many people set up trusts in their estate plans. A trust gives a person individual control of financial assets and entrusts them with distributing these assets to the beneficiaries. If you have a loved...
You have a trust that you believe should go to you. You have a sibling who doesn't believe you deserve everything that the trust contains. This conflict has been going on for weeks, and it's souring your feelings about your inheritance. Disputes about inheritances are...
A personal representative, sometimes called an executor, is someone that the decedent chose, or who the court appointed, to settle his or her estate based on the directions in his or her will. This person is one of several fiduciaries that could be associated with the...
Even when a Minnesota resident puts in a lot of thought, time and careful planning into their estate plan, something can still go wrong. Family members sometimes do not agree on certain aspects of a trust. There can be sibling rivalries, second marriages, and problems...
No matter how well planned a Minnesota resident's estate plan is, there can still be disputes among family members. There are many Minnesota residents who have created a trust. But, there are times when these trusts result in a dispute.A trust dispute is different...
When a person in Minnesota sets up a trust, they will name a certain individual as the trustee. This is an important role that comes with significant responsibilities. Most trustees want to properly fulfill their role as trustee, including the fiduciary duty they have...