What Someone with Durable Financial POA Can Do for You? Money, money, and money is what it’s all about. At least, when it comes to what someone with financial Minnesota durable power of attorney can do for you. The bills, the benefits, and the mortgage don’t stop when you become incapacitated. Those still might need…
Trustee Mistakes and Breach of Fiduciary Duty
MN Law: Mistakes Made for Trustees and by Trustees Being someone’s trustee can be a big ordeal. Those who take up the role have to understand the trust, execute the trust, communicate with the right people, practice good bookkeeping, and maintain a straight head. If they aren’t properly prepared, trust law can make their job…
Beneficiary Designation Mistakes – How to Avoid Them
Beneficiary Designation Mistakes – How to Avoid Them Beneficiaries are some of the biggest reasons to start learning about estate planning law. Leaving what you can’t take with you can be a huge event. Though, that isn’t to say this will be an easy task or that you’ll get everything right the first time. This…
What Does the term Fiduciary Mean?
What does the term fiduciary duty mean? Though the term fiduciary duty isn’t used all that often, it still relates to several legal roles that can affect our everyday lives. Executioners and trustees can have fiduciary duty, making this term a big part of probate law. Though, there are other roles that fit into this…
How to Involve Your Spouse in Estate Planning
How to Involve Your Spouse in Estate Planning You may have your car and your spouse might have their van. That’s all fine and dandy. Though, perhaps you want to start having a few talks. Questions concerning where the property goes to once one of you or both of you are gone might need to…
Getting Letters Testamentary | Minnesota Probate Law
On Getting Letters Testamentary If you’re the executor or personal representative for someone else’s will, you’re probably going to need the letters testamentary as soon as possible. That’s almost a guaranteed notion. You’ll find the reasons why and how to get a copy down below. When someone asked you to be their executor, they might…
What is a Financial Power of Attorney?
What is a Financial Power of Attorney? Medical power of attorney is one thing while financial power of attorney is another thing. Sure, both are genres of POA and a power of attorney lawyer can help you with both. Though, the kinds of powers they individually grant are practically opposite sides to the spectrum. Most…
Why estate planning is necessary | MN Estate Law
Why Estate Planning is Necessary Assets are only one of many parts of estate planning. Leaving behind good memories and protecting your children are two small sections of the many things that you can do with the right documents. How many assets you have shouldn’t dictate whether or not you should seek out an estate…
Revocable Trust for a Pet | Minnesota Trust Law
Minnesota Revocable Trust for a Pet Even if you’ve set up things for your pets to live in your estate for the rest of their days, it’s wise to create a pet trust that provides for their needs. This is no joke and is a serious part of estate planning law. You can actually leave…
Avoiding Estate Planning Mistakes in the Wake of Corona Virus
Avoiding Estate Planning Mistakes Estate planning is a powerful tool. This is especially true in the wake of the unprecedented Corona Virus outbreak. Though, because of how much Minnesota estate planning law Minnesota Revocable and Irrevocable Trusts | MN Estate Planning encompasses, it’s easy to get confused and/or miss some key parts. Not only are…