Minnesota Table of Heirship In most cases, the heirs of an estate – when there is not will – are the living relatives of the deceased. Most non-lawyers understand this. However, most non-lawyers do not understand exactly which relatives come first. Additionally, the surviving spouse has very significant rights under Minnesota law. We will discuss…
Tag: Rosemount
Preparing Your Estate One Piece At A Time: Minnesota Transfer on Death Deeds
Minnesota Transfer on Death Deeds Many people may find the idea of getting an estate plan together intimidating. Others may fear the cost of doing an estate plan will be too high. Many people may also think that they do not have that many assets, so why would they need an estate plan at all….
Minnesota Pour-Over Will | How does it work?
Minnesota Pour-Over Will Estate planning is a complicated process, something very often requiring the help of trained professionals. One reason for the need to rely on experts is the importance of whats at stake. Were talking about a persons possessions and how those get distributed to the people they love the most. Its obviously crucial…
Testamentary Capacity | Minnesota Estate Planning Law
Whether someone has the the “capacity” to make a Will under Minnesota law is important. When we do a consult with new clients, one of the first questions a lawyers asks is: does the person making the Will have the necessary legal “capacity?” The response we often get from clients is: “what the heck are…
How to Make a Will in Minnesota | MN Lawyers Blog
How Do You Make a Will in Minnesota? Most people realize they need a will. But many people don’t quite understand why or what it all means.If you have questions about how to make a will in Minnesota, read on for more information from a Minnesota law firm. The Requirements of a Valid Will A…
Minnesota Estate Planning | Forming an LLC in Minnesota
If you own an existing small business or are considering launching an entirely new business, you may be debating the legal form that business should take. A commonly used option is to create an LLC. Though you may have heard the term, you may not fully understand what an LLC is or how to go…
What Is a Revocable Trust | Minnesota Law
What is a revocable trust? When most people think about estate planning, their first thought likely involves creation of a will. Others may realize the importance of a living will/healthcare power of attorney or even a financial power of attorney. Once the bare minimums have been accounted for, it is rare for most people to…
MN Estate Planning | When adding your child’s name to your deed goes wrong
Titling and Deeding of Property in Minnesota It’s not uncommon as people age to start considering strategies to either avoid probate or limit assets that could be taken to pay medical/nursing expenses. One of the most well-known strategies is to simply add your child’s name to the deed of your house. Though the strategy is…
Trump Tax Bill and Minnesota Estate Planning
Tax Cut | Estate Planning Its taken some serious wrangling, but Congress and President Trump have finally moved forward on one of the key Republican promises of 2016: passing a massive tax cut. There have been several iterations of the tax cut plan, some even more generous than others. As of December 22, 2017, President Trump…
Minnesota Estate Planning Law | The Slayer Statute
The Slayer Rule When most people think of estate planning law, they dont usually imagine much excitement. Murder, disappearance, millions of dollars and intrigue. It sounds more like a made for television movie than a probate case. But thats exactly whats happening in a case currently pending in New Hampshire. One family is engaged in…