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Minnesota generally requires probate under two conditions: if the deceased owns any real estate solely in their name, or if their titled personal property exceeds $75,000 in net value. If an estate exceeds that value, the probate court must step in to handle the legal...
Trusts are legal tools that can help families achieve certain goals. The right trust can reduce friction for your loved ones, add privacy and even protect assets. The key is knowing when a trust can help to solve a real problem that a basic will and beneficiary...
A will is one of the most important documents in any estate plan. Many people assume signing one means their family can skip court. That assumption is often wrong. What a will actually does A will tells a court how you want your assets distributed and who manages the...
The smell of pine trees, the sound of loons at sunset, grandchildren jumping off the dock: your family's lake cabin holds countless memories. But without proper planning, this cherished retreat could become a source of heartache and conflict among your heirs. When...
Probate is the legal process that confirms a person’s death, validates their final wishes and authorizes someone to distribute their assets. A will plays a major role in that process, but it does not automatically make it disappear. In fact, many estates still go...
When a loved one passes away and their estate enters probate, many families are surprised to learn that certain information becomes part of the public record. Understanding what's accessible and what isn't can help you prepare for this process with confidence. What...
Eden Prairie Lifestyle typically avoids reminding readers that they will die someday. As tidbits go, it’s not the cheeriest. What happens to you after you die? That is not for this magazine to say, although you would be well advised to be as kind as possible to others...