In last week's post, we discussed how it is possible for Minnesota trust disputes to arise over an inheritance when property gets inadvertently left out of a trust at the time of a person's death. This is not as difficult to do as one might seem, as an improper or...
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Trust Administration
Pour over wills and trust litigation
Many Minnesotans may have heard of living trusts, and a few Saint Paul residents may even have one or plan to use one as a tool for passing their property on to their loved ones after they die. Although whether this estate planning tool is the right one for a given...
Benson trust dispute heading to mediation
As many of our Saint Paul readers know, this blog has followed the ongoing trust litigation between the owner of a professional football team and successful businessman, Tom Benson, and his estranged daughter. Now, it appears that the family will try to air out and...
Trust battle involving NFL owner continues
The latest in a series of battles in an ongoing war between a businessman who owns an NFL football team and his family continues as an appeals court recently agreed with a lower court's decision that the businessman should no longer be allowed to serve as trustee for...
Helping trustees navigate rocky legal waters
A recent post on this blog discussed the responsibilities that a resident of Saint Paul, Minnesota, would have were he or she to agree to be a trustee of a Minnesota trust. As a person reading this post could conclude, trust administration involves many detailed tasks...
What are the responsibilities of a Minnesota trustee?
A trustee in Minnesota has several important responsibilities that he or she must perform properly if he or she chooses to take on the management of a trust. Some residents of Saint Paul who have to deal with a trust personally may wonder exactly what these...
How we help Minnesota families caught in trust disputes
A trust is just one of many estate planning tools that a Minnesota resident can choose. A recent post on this blog discussed how a trustee in Minnesota has a right to make reasonable investment decisions on behalf of the trust and its ultimate beneficiaries. While...
What is attorney self-dealing and what can be done about it?
Most Minnesota attorneys do their work honestly and competently. Unfortunately however, there are some who use their legal knowledge and skill to their own advantage and at their client's expense. In the context of a will or a trust, this often happens when an...
The ‘prudent investor’ rule’s role in Minnesota trust disputes
In Minnesota, administrators of family trusts, often called "trustees" have a lot of power. Sometimes, they are in control of millions, or even tens of millions, of dollars in assets. With this power comes a lot of responsibility. Minnesota trustees have an obligation...
Future of billionaire’s estate may hang on 1 share of stock
Even as far north as Minnesota, people have heard of the professional football team called the "Saints" and may have heard of the professional basketball team called the "Pelicans." These teams have been owned for a long time owned by a Southern billionaire....