When Minnesota residents die without a will, their heirs are typically next in line to receive all their assets. If you've recently lost a loved one, you might be wondering if you're entitled to a portion of their estate. Here's how you can figure out if you're one of...
It is often the case that families in Minnesota and around the nation will find out about the hefty taxes they need to pay on an estate days after the relative's death. According to the IRS, holders of an estate with an accumulative value of over $11.18 million must...
The value of an estate is still eligible to be taxed after the estate owner dies, creating the need for estate valuation to determine the taxes owed. For Minnesota residents who are unfamiliar with the estate litigation process, this may seem like a daunting task....
As a general rule, you are free to disinherit your spouse for almost any reason that you could imagine. However, under Minnesota law, that person may still have a claim to a portion of your assets after your passing. This may be true whether those assets were listed...
It is crucial that individuals in Minnesota and around the country know who will take control of their estates after they pass on. This is called the order of inheritance, and depending on your state, it will determine the people who will receive part or the entirety...
Ideally, when a person passes away in Minnesota, their last will and testament allows their estate to be distributed according to their wishes. Unfortunately, not everyone leaves behind a will when they die. If they don't, it's up to the judge to figure out how their...
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...
You and your sibling both want to take a primary role in your parents' estate plan. You feel that you have more education, time and money to help them settle the estate when the time comes. Your sibling thinks that they should be the executor, because they want to be...
Estate disputes rarely arise out of the ether. Typically, there are indications that all may not be aboveboard with a family member in the months or even years prior to their death. Sometimes, a protracted and expensive legal battle can be averted if you tune in to...