Family Limited Partnerships in Minnesota Family-run businesses are an excellent means for parents to leave a legacy for their children. Although simple in concept, passing a family run business down to children or grandchildren can present unexpected pitfalls. Increasingly, many small businesses are using business associations to accomplish estate-planning goals. Partnerships are a business entity…
Tag: Hennepin County
How to Probate a Will in Minnesota
There are many important steps to probating a Will in Minnesota. Minnesota law governing the subject is codified under Minnesota Statute 524, the Minnesota Uniform Probate Code. The probate process is complicated. One of the first things that a new executor or personal representative should do is review and read the Will from beginning to…
What to Expect from a Minnesota Probate Hearing
Do you have questions about what to expect from a Minnesota probate hearing? Read on for more information. The basics of a Minnesota probate hearing After the Petition for a probate estate administration has been filed with the proper county court, an Order for hearing is issued by the court. This Order must be given…
Minnesota Probate Vocabulary
Useful Probate Vocabulary for Minnesota Personal Representatives Once someone close to you has passed away and you need to begin serving as the estates personal representative, its a good idea to brush up on some Minnesota probate vocabulary that can help you with your various duties. In fact, you may even discover a shortcut or…
How to Get Letters Testamentary in a Minnesota Probate
Perhaps the number 1 question that the law firm receives is: how to get letters testamentary? The question usually stems from a failed trip or telephone call to the bank. The bank is usually the place where the deceased person kept their money – be it a savings, money market, or checking account. The bank…
MN Special Estate Planning Needs: Older Single Adults Without Children
Now that most firms have had adequate time to start offering all of their estate planning tools to same-sex married couples after the passage of new laws, its time to revisit the special needs of older single adults many of whom are without children. Recent statistics indicate that 53% of all women and 26% of…
Minnesota Probates & Medical Assistance
In every new Minnesota probate administration consult I do, I ask clients whether their loved one received or has applied for medical assistance. Why? Because medical assistance issues often come up in a probate or estate administrations. When people receive state-funded money for payment of hospice care, hospital stays, and long-term care, etc., during their life, the…
What is probate?
As an estate planning lawyer, I have been asked “what is probate” on more than one occasion. I’ve also tried to answer that question on this blog. Probate is the process by which the instructions contained in a person’s Will are administered in the court system. It is not something to be scared of. It is…
Minnesota Estate Planning Law | Estate Plan Details Released After Robin Williams
A recent article by CNBC discussed some details that have emerged in recent days about Robin Williams’ estate plan. As we’ve discussed now several times, the details of some celebrities’ estate plans (or lack thereof) get leaked when papers are filed publicly, often as part of the probate process. In this case, friends have come…
How Does Probate Work In Minnesota?
How Does Probate Work in Minnesota? Read on. Probate can be a very confusing process. Many people are unfamiliar with how to probate an estate due to their lack of experience with the subject. In a lifetime, it is likely that a person will only be involved with the probate process once or twice, if ever. While your lack of…