When you pass away, any items that remain in your estate must be allocated in accordance with Minnesota law. If you create a will, you get to dictate who gets your home, car or funds in a bank account. With a trust, you can dictate when assets should be distributed to...
Marital property in Minnesota is any property you and your spouse acquire during the marriage. If you purchased your family home after marriage, it counts as marital property no matter the name on the title. Dealing with the family home during a divorce can get...
If you have already crafted an estate plan in Minnesota, chances are that you have a will and may have already appointed someone to act as your power of attorney for finance and healthcare. Even if you have appointed someone to make healthcare decisions for you, it...
Getting divorced in Minnesota can expose you to many issues you have never considered. One may be the question of who gets to stay in your home. In many cases, one of the spouses will be expected to vacate the premises. But if there are questions related to ownership...
When planning your estate in Minnesota, it is essential to consider how to distribute your assets, particularly your family home. If you do not have a documented plan, your loved ones may endure a lengthy legal battle and potential tax liabilities. Various options can...
When a divorcing couple in Minnesota reaches a property division agreement, they draft a divorce settlement. This is then submitted to the court, and, if everything seems to be in order, a judge issues a divorce decree. Divorced spouses are required to abide by the...
Minnesota residents set up their estate plans to ease the stress during an already painful time for their families. While it’s usually older residents setting up estate plans, an unexpected death can be ten times more painful without something in place - regardless of...
When a loved one dies, the heirs often have some work to do. Estate planning is essential because you can save your heirs a lengthy probate process and a lot of money if you already have your will or other legal documents in order. We don't always know beforehand that...
Minnesota is an equitable division state for purposes of divorce, which means that, absent an agreement between the estranged spouses, marital assets can be divided in such a manner that a judge will deem to be fair. This may mean that you'll cede control of your...
Creating an estate plan is an essential part of passing on your legacy. After you pass away, your loved ones will look to your will and other estate planning documents to determine your final wishes. When your estate plan is missing critical information, it can be...
