Creditor Claims in Minnesota Probate Estates Minnesotas probate statute attempts to clearly delineate the rules for the administration estates. The underlying purposes and policies of the probate statute are to simplify and clarify the law concerning the affairs of decedents, missing persons, protected persons, minors, and incapacitated persons, and to promote a speedy and efficient…
Tag: Minnesota probate
Do I Need a Will? | Minnesota Estate Planning
Do I Need a Will? A will is a document that provides peace of mind to those seeking to have their assets distributed in an orderly fashion upon their death. Although Minnesota does not require individuals to have a will, consulting a knowledgeable attorney about drafting a will ensures that your assets will not be…
MN Estate Planning | Family Limited Partnerships
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…
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 Probate | Wills and Trusts
Most of the people that contact our office havequestions about whether a probate is necessary, how much it costs, and what they can do about it. Much of the initial conversation involves a discussion aboutwhether or not the deceased person had a Will or a Trust – or both. Because we have received many questions…
Minnesota Probate Law | How Much Does Probate Cost And How Long Does It Take?
It’s quite common to hear people complain about the pain of the probate system. Probate is commonly understood to be a long and expensive process, one that wastes time, money and energy. Though many people may be familiar with such common complaints, few understand how long the Minnesota probate process really lasts and how much it can…