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Many Minnesota families have heirlooms of some kind. Perhaps it's a keepsake with great sentimental value, or perhaps it's a treasured piece of furniture that could fetch a lot of money at auction. These heirlooms can be great sources of pride, but they can also be...
There has been a lot of debate in recent years about the federal estate tax, but in fact that tax applies to relatively few estates. Earlier this year, Congress set the level at which estate taxes kick in at $5,250,000. Next year, that number is set to rise to...
Over a lifetime Minnesota residents collect and earn a variety of assets. These assets can include original artworks, collections, stock options, cash, real estate, a business and other various personal property. Upon a person's death, these assets become part of the...
The death of a loved one often causes a mix of emotions and stress. In addition, family members will have to deal with their belongings and assets. Residents in Minnesota understand that his can often stir up disagreements between beneficiaries, especially when in...
When a person dies and leaves a will, a Minnesota probate court must look to that will as the person's final say on how all his or her assets should be distributed. The court looks to make sure all the formal requirements were met in making the will and checks to make...
The late Sherman Hemsley is best remembered as the actor who played George Jefferson on the classic television sit-coms "All in the Family" and "The Jeffersons," but in more recent times, his name has been at the center of extraordinary legal battles over his legacy....
There has been a lot of talk this year about how legalizing same-sex might change the make-up of the typical Minnesota family, but in fact it has been changing for decades. Divorce and remarriage are common, and so are family gatherings that include ex-spouses,...
Family businesses are a vital part of the economy in Minnesota and the nation as a whole. In fact, family businesses are responsible for as much as half the nation's gross domestic product, according to some studies. They're also responsible for about 60 percent of...
Numerous studies have shown that financial exploitation of elderly people is on the rise in Minnesota and the rest of the nation. Many Minnesota families unfortunately do not even realize that this kind of exploitation has been going on until after their loved one has...
Minnesota courts don't want to have to second guess what a deceased person meant when they wrote a will, explaining how they want their estate to be distributed after their death. As long as the will was executed with all the formalities and apparently with all the...