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…
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Minnesota Estate Planning: What Is Simultaneous Death?
Though the thought is a terrible one, it’s also not unheard of: a couple dies together in a horrible accident with no will to handle the distribution of assets. While the case is certainly tragic and estate planning would likely not be the first issue to spring to mind, the fact is the case presents…
Minnesota Estate Planning Law: Guardianships In Minnesota
A few weeks back we discussed conservatorships in Minnesota and how they operate. Let’s now turn to a related subject: guardianships. As we mentioned, conservatorships exist when a person is unable to manage their financial affairs. Judges then appoint another person to make financial decisions for the protected person. So what’s a guardianship? Keep reading…