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The composition of families of the baby boomer generation have been less traditional, due to more couples entering into second marriages or living together without getting married. A recent report from BMO Wealth Management found this could greatly complicate...
Being an executor of an estate in Minnesota carries numerous responsibilities which, if not properly performed, can lead to court battles among heirs, family members and creditors. Estate valuation of household property is one of these important responsibilities.Every...
Parents in Minnesota may not wish to leave equal inheritances to their children, because of their unequal income and resources and their different need for the inheritance. They may also have different expenses such as an upcoming college education for their...
Many times, family members do not know the content of a will until the person passes away. Although no one wants to consider that someone could exploit a loved one, it happens. If the will-maker was exploited or taken advantage of in estate planning, the relatives who...
Challenging a will in Minnesota does not always mean there will be a court battle between heirs, nor does it mean that probate litigation is inevitable. However, these disputes often end up with lots of posturing before a settlement is reached.An interested party can...
Many accounts allow the transfer of some property or inheritances to family members and others in Minnesota without undergoing probate, such as jointly-owned accounts and real estate, retirement accounts and life insurance policies and transfer on death or in trust...
Lawsuits and disputes over trust administration can persist years after its creation and the settlor's death. Trust litigation is not limited to Minnesota, but can occur across the country.Two duPont heirs are engaged in a legal battle over alleged mismanagement of a...
Minnesota residents may have heard of Phyllis Schlafly, who rose to prominence over 50 years by fighting on behalf of very conservative causes. Her family members are now embroiled in a legal fight that began with politics and spilled into their inheritances.Ms....
Because the testator, or the person who authors a will, is no longer around to voice his or her thoughts or explain his or her decisions regarding who is given what, situations may arise that lead you to question a will and its contents. You cannot, however, contest a...
There are many misperceptions surrounding trusts and trust administration. For Minnesota residents, these may lead to difficulties and even later trust litigation.In addition to the falsehood that trusts reduce taxes, trusts do not automatically provide protection...