Most Minnesota estate plans bequeath the bulk of the testator's "estate" (i.e., all of the property the testator owns at the time of their death) to people and charitable causes whom the testator wishes to support after they die. Unfortunately, some beneficiaries do...
Estate Planning
What Changes Should You Make to Your Estate Plan After Divorce?
Divorce is one of those significant life events that necessitate a thorough review and update of your estate plan. Otherwise, your ex could unintentionally receive assets or remain in positions of power contrary to your current wishes. This could lead to disputes and...
5 More Trusts To Consider Making
A trust is a legal document included in an estate plan that helps people distribute assets without the estate being taxed, disputed or put through probate. In a previous post, you can learn about a few common kinds of trusts, including a revocable and irrevocable...
What Is A Commingled Inheritance?
When two things are mixed together, they are said to be commingled. This is a term that often relates to financial accounts, but it can technically be used with other types of assets, as well. For example, you and your spouse may each have had a personal bank account...
What happens if you die without a will in Minnesota?
There’s no legal requirement to have a will and, in fact, for a variety of reasons, the majority of Americans die intestate (i.e., without a will). Regardless of the reason for foregoing an estate plan, passing away without one can make things vastly more complicated...