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Many people in Minnesota are growing older. The baby boomer generation has amassed wealth that has never been seen before in the United States. Those born in the 20s and 30s will pass $12 trillion to the next generation, while baby boomers are estimated to leave more...
There are many families in Minnesota that own their own business. These businesses have been in their family for generations or, maybe, they are a first-generation creation. Regardless, they are special for families and most want the business to remain in the family...
Choosing the executor of a will is a big decision to make. The person writing the will needs to select someone who is financially responsible and trustworthy. It can be difficult to find someone willing to take on such a responsibility, which is why the American Bar...
When a loved one dies, they usually leave some assets for their heirs. Many times, these assets are addressed in a will or trust and the estate is settled. But, occasionally there is an estate dispute among the heirs and beneficiaries that needs to be addressed. In...
When a person sets up their estate plan, they usually name beneficiaries. Beneficiaries can be anyone but are usually close family members. However, when a person doesn't have a family to leave their assets to, they can name organizations and friends as beneficiaries....
Many Minnesota residents work hard to earn their money and leave a legacy for generations to come. Most of the time, this money is passed to the next generation without incident. But, occasionally, money goes missing, leaving families wondering what happened. No...
Not everyone can contest a will and it cannot be contested in all circumstances. If you want to contest a will, it is helpful to know who can contest it and when it can be contested. Because the laws concerning probate litigation can be complex and technical, it is...
Most of the time when a Minnesotan receives an inheritance they are happy and grateful for it. But, occasionally a person does not want to accept an inheritance. Is it possible, then, to disclaim an inheritance?There are circumstances where a person may not want to...
You may recognize that retirement plans and insurance policies do not receive quite the same treatment as wills when someone dies. In fact, while a will may have to go through probate, an insurance policy or retirement plan might avoid court scrutiny. If you are in a...
When a family sets up a trust for their children or grandchildren, they include terms for distribution of assets. A trustee is a person who in charge of the trust and the distribution of assets. But, there are times when a trustee does not make a distribution...