Probate sounds expensive and complicated, but it is simply a standard legal procedure formalizing how assets pass from a deceased person’s estate to their chosen beneficiaries or heirs. Whether or not you require probate depends on the type of property… Read more »
Category: Estate Administration
What Happens to an Inheritance When the Beneficiary Dies?
Upon a beneficiary’s death, who receives his or her estate? You may be wondering whether if you leave property to your brother Jim, but he dies before you, would his kids inherit the property in his place? The answer is,… Read more »
The Estate Planning Process for Timeshares
During the purchase of a timeshare in a holiday resort, the resort agent recommended that Mom and Dad sign a deed leaving the share to their children so that after their passing, the children could continue to enjoy it. It… Read more »
What Can a Creditor Do to Disrupt a Probate
In a will, the personal representative (executor) is responsible for entering a public record of the death date of the testator, usually in the local newspaper. In part, this information serves as notice to creditors if the decedent has an… Read more »
You’ve been appointed as executor. What does that mean?
You might feel like other Minnesota residents whose loved ones want them to serve as executors of their estates. You appreciate the trust and honor, but don’t know what duties the law and the court require you to perform when… Read more »