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What Assets Are Subject to Probate in Minnesota?

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What Assets Are Subject to Probate in Minnesota?

Probate can be a complex and overwhelming process, especially when it comes to determining which assets are subject to probate in Minnesota. Understanding this crucial aspect can help you plan your estate effectively and ensure a smooth transition of your assets to your beneficiaries. 1. Real Estate: One of the most common assets subject to probate […]

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Why It is Never Too Soon To Begin Estate Planning

As you grow your family, it’s easy to get caught up in daily routines and put off thinking about the future. However, planning for the unexpected is critical, especially regarding estate planning. Estate planning involves making arrangements for the future of your assets, children, and health. This blog post will discuss the importance of estate planning, what

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The Benefits of Hiring a Trust Lawyer for Estate Planning

Estate planning is not something to be taken lightly. It involves preparing for the inevitable and ensuring that your assets and loved ones are cared for, no matter what happens. However, the process can be complex, confusing, and overwhelming, especially for those unfamiliar with legal jargon and procedures. That is where a trust lawyer comes

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How to Transfer Business to the Next Generation

The reality and finality of death is uncomfortable to think about. However, people need to plan for death, unless they want to leave their families a mess instead of a blessing. In a family-owned business, this is especially vital, according to a recent article, “All in the Family—Transition Strategies for Family Businesses” from Bloomberg Law. The family business

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Can You Plan for Probate?

What can you do to help heirs have a smooth transition when settling your estate? A recent article from The Community Voice, “Managing probate when setting up your estate,” provides some recommendations. Joint accounts. Married couples can own property as joint tenancy, which includes a right of survivorship. When one of the spouses dies, the other becomes the owner and the

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What are Alternatives to Guardianship?

Guardianships and conservatorships are drastic and very invasive. They strip individuals of their legal autonomy and establish the guardian as the sole decision maker. To become a guardian requires strong evidence of legal incapacity, and approval by a judge, explains an article titled “Guardianships Should Be a Last Resort–Consider These Less Draconian Options First” from Kiplinger. They should not

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What Happens to Digital Assets After Death?

What is a digital asset? This is the question asked in a recent article “Estate Planning for Digital Assets” from Westchester & Fairfield County Business Journals. Any type of electronic data you have the right to access is considered a digital asset, although they come in a variety of forms. A digital asset now includes email accounts, social media, online

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