Some people may not have a will or may be reluctant to draft one because they assume that if they don’t, the state will take care of things. The state’s default inheritance scheme is known as intestate Minnesota probate law. While it’s true that your assets will be identified and distributed even if you lack…
Tag: Will
Minnesota Probate: What Happens With Jointly Owned Property?
We’ve previously discussed the issue of Minnesota probate and how some assets fall outside the probate process. One example of such an asset is jointly owned property. Keep reading to find out more about how jointly owned property operates following the death of one owner. What is jointly owned property? Jointly owned property is any…
End Of Year Minnesota Estate Plan Checkup
The holiday season is well underway with Thanksgiving behind us and Christmas only a few weeks away. As the year begins to wind down, it’s a good opportunity for Minnesotans to sit back and reflect on their lives and estate plan, among other things. Before the New Year begins, take a moment to go through…