If you live in Minnesota and you’ve created or are considering creating a trust to help manage your estate then you’ve likely encountered the term “trustee.” You might be wondering what exactly a trustee is and how they function. If so, you’ve come to the right place. Without further ado, let’s dive in. What is…
Category: Minnesota Trust
How To Change A Will In Minnesota
If you are one of the Minnesotans who has taken the time to create a will, congratulations. The vast majority of Minnesotans have no such estate plan and you’ve taken an important step in ensuring your family is looked after once you’re gone. While it’s great that you made the will, after a while…
What’s The Minnesota Probate Process All About?
Many people are confused about the Minnesota probate process and are often intimated before taking the time to fully understand how probate proceedings works. First of all, probate is the name for the legal process whereby an estate disposes of its assets. What does that mean exactly? Well, probate is a term that can be…
The Importance Of A Will In Minnesota
Here’s a disturbing fact: approximately 70% of Americans don’t have a will. A Minnesota will is a relatively simple document to draft so why is it that so many people avoid it? Just a few of the common excuses for not having a will include: I don’t have anything worth leaving to my family; I’ve…
Estate Planning in Minnesota | Do you need a Will or a Trust?
Many couples have asked me to do some basic Minnesota estate planning for them. My response is usually, ok, what kind of estate planning do you think you want done? Although I get many answers to that question, there are similarities that arise time-and-again. For instance, today, a client asked me to draft a Will,…