by admin | Mar 22, 2021 | All Law, Estate Planning
The process of probate involves the transfer of a deceased individual’s assets to persons who are the rightful inheritors of those assets. The entire process can be complex, expensive, and last quite some time, anywhere from six months to several years in Minnesota....
by admin | Nov 30, 2020 | All Law, Estate Planning
Since May of 2008, Minnesota law has allowed you to transfer title to real estate you own to a beneficiary expressly stating that the deed is only effective upon your death. The use of a validly executed “transfer on death deed” (TODD) enables you to avoid the...
by admin | Nov 30, 2020 | All Law, Estate Planning
An attorney is not legally required to prepare a power of attorney. However, you should know that powers of attorney are required to be: In writing; Signed by you in front of a notary public; Dated appropriately; and Clear on what powers are being granted. CREATING A...
by admin | Nov 30, 2020 | All Law, Estate Planning
In order to properly plan your estate, it is crucial to understand the difference between these two types of property ownership. The ramifications for your family can be considerable depending on your wishes and the circumstances relating to the survivorship of your...
by admin | Nov 30, 2020 | All Law, Estate Planning
A power of attorney is a document authorizing someone to act on your behalf. You determine how much power the person will have over your affairs. The person who authorizes someone else to act on his or her behalf is called the “principal”. The person given the power...
by admin | Nov 30, 2020 | All Law, Estate Planning
In some cases, the probate court may require a personal representative to post a bond. This article will explain what a “probate bond” and when a probate bond might be required by the court. PROBATE BOND In some cases, the probate court may require the personal...
