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Estate planning is a great way to ensure your assets are protected and distributed according to your wishes. When someone passes away without a valid will, their estate must go through probate court before their assets can be distributed. Probate can be an expensive...
Creating a valid will is important in ensuring your property and assets are distributed according to your wishes after you pass away. In Minnesota, creating a will is relatively straightforward, but it's important to follow specific guidelines to ensure that your...
Executors play a crucial role in estate planning, as they ensure your wishes are fulfilled. However, they are responsible for several duties that can be complicated. But you can make your executor's work easier using a few strategies. This guide discusses how to do...
Those involved in dressage, racing and breeding may build their entire livelihoods around the horses that they own. Countless other Americans dedicate a significant portion of their income and free time to the maintenance of their horses. Unlike many other companion...
There are a lot of considerations to make when planning out your estate. For starters, you should have some idea of who will inherit your estate. Likewise, someone will need to stay and watch over your estate to ensure it’s all in proper order once the probate period...
From student loans, to credit card debts, mortgages and car loans, millions of Americans are in some form of debt. Unfortunately, not everyone is able to clear off their debts during their lifetime. In fact, most Americans do not. So what happens to a loved one’s debt...
Management of estate resources is one of the bigger challenges during estate administration. The executor or personal representative of a Minnesota estate will have certain liabilities, including responsibility for debts if they fail to pay creditors when distributing...
Setting up an estate plan requires you to look at all the available options for turning assets over to your heirs when you die. One option that might be beneficial to you is a transfer on death deed. A transfer on death deed allows you to convey real property, such as...
Many people expect to inherit money when their parents pass away. But there are a lot of cases in which it turns out that there is not really any money left in the estate to inherit. In some cases, this is simply because the parents didn’t leave any financial assets...
Before the execution of a will, the estate must pass through a probate court. During probate, the court certifies the will's validity and gives the go-ahead for its execution. The responsibility to carry out the wishes of the deceased in the will lies with the...