When your loved one passes away, their estate will go through a formal administration process called “probate.” During this procedure, the Minnesota probate court will oversee the legal process and call upon an authorized individual referred to as a personal...
Building An Estate Plan That Is Right For You
Year: 2025
5 reasons younger people delay estate planning in Minnesota
Life in your twenties and thirties is generally about building careers, relationships and experiences. Naturally, estate planning might not be on your radar yet. Still, understanding why it is often delayed can help you take proactive steps toward securing your...
Should you use AI to create your estate plan?
Should you use AI to create your estate plan? Artificial intelligence is threatening to take the world by storm. In fact, its use is already pervading our everyday lives. While some AI programs can cut time off menial tasks and help us research and create...
Tips for disinheriting someone in your estate plan
Much of the estate planning process is focused on figuring out the best way to distribute your assets so that your vision of the future can be fulfilled while supporting those people and causes you care about most. But over time, your estate planning priorities may...
The benefits of choosing a living trust for your estate plan
If you want to make sure your wishes are carried out and your loved ones avoid headaches down the road, a living trust can offer several advantages over a traditional will. A living trust is a legal document that lets you transfer ownership of your assets into a trust...
When could a direct inheritance be risky for beneficiaries?
The simplest way to provide an inheritance for loved ones is to name them as beneficiaries in a will. Such arrangements are relatively straightforward and make it quite clear who should inherit what from the testator’s estate. However, the simplest solution is not...
Is an outdated will grounds for a will contest?
For many people, estate planning is a relatively unpleasant process. No one wants to think about their own mortality or about the suffering of their loved ones after they die. Some people indefinitely procrastinate about estate planning to avoid this unpleasant...
3 groups of people who may require powers of attorney
Many estate planning documents address what happens after someone dies. Others protect people from emergencies while they are alive. Powers of attorney take effect when people have incapacitating emergencies that leave them incapable of meeting their own needs or...
Funding a trust effectively in an uncertain economy
When navigating a particularly uncertain economy, where market fluctuations, inflation concerns and interest rate changes can affect the value of assets, properly funding a trust arguably becomes more important than ever. If you’re getting ready to create a new trust...
Where can testators store their wills for safekeeping?
A will can serve many important roles after an individual dies. It can clarify who should hold a position of authority during estate administration. A will can also provide clear instructions for the distribution of the testator's property. State statutes imposed...