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From the category archives: RB Legal - Golden Valley MN Blog

Probate

What Do You Do When A Loved One Dies?

A loved one died three weeks ago. You are the designated trustee, personal representative, or closest relative. You have notified family, friends, and employers. You have held the funeral or memorial service. You have secured the decedent’s home and possessions. You have looked for or located their estate planning documents, if they had them. Now what do you do?

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Top 4 Reasons Why Single Adults Should Have A Trust

If you become mentally or physically incapacitated, who do you want to manage your assets until you are able to do so yourself? Provisions in a will do not take effect unless you die. A trust, on the other hand, can take effect at any time. It can designate when and under what conditions a trustee can step in to arrange for your care, access your assets to provide that care, and manage your finances through your incapacity. The provisions can save you and your family thousands of dollars as well as avoid court proceedings and a court-appointed guardian.

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Five Reasons You Need A Will

Reason 1.

Quite simply, to let your family know your wishes, in an enforceable document, in directing how your assets will be distributed after you pass away. A Will lists the property you have and where—and to whom—you want it to go.

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Probates: The Basics

Although probate may be considered a “necessary evil,” having a Court’s supervision (even limited) over the distribution of the estate can help resolve or avoid potential conflicts.

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New Parents? It’s Time for a Will.

If you are a new parent or an expecting parent, it’s time to create a Will and start working on your estate plan. Having a Will in place can give your children protection should something happen to you and your spouse. Estate planning can ensure that your property and money, and more importantly, your children are taken care of according to your wishes. Even after you are gone, a Will is a way to make sure that your wishes are carried out legally and efficiently, ensuring that your loved ones are provided for with the least of financial responsibility.

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What is Probate?

You hear legal terms on law shows. You may even hear them in passing conversation but never know for sure what they mean. One of these terms is the word "probate," which you may hear when a loved one passes or from a friend who recently did some estate planning.  

 

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