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When a loved one passes away, you may find that you’ve been named as the estate administrator. This is called a personal representative in Minnesota, and it is just a person who is responsible for administering that estate through the probate process. Ideally, the...
The loss of a family member is a truly devastating event, especially if you have fond memories of them. If they left behind a will or trust, leaving you as a beneficiary or executor, you likely have a lot of questions about probate accounting. You shouldn’t have to be...
When an individual passes on, their estate will go through probate. Basically, this is the legal process of identifying assets that are held in the decedent’s name and paying their debts and estate taxes before distributing whatever is left according to the...
As the personal representative of someone's estate, it is your job to settle their affairs, manage their property and distribute their assets according to their last wishes. If they did not provide written instructions, then you will use state law to determine how you...
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...
Hello! The race is on! WILL YOU HELP US? Ballots have just opened up for the 2023 SunMedia Readers' Choice Awards. For 2022, rb LEGAL was again voted the winner in 9 communities! We couldn't be more humbled and appreciative of everyone who has voted for us over...
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...
A crucial part of estate planning is drafting a final will. This legal document dictates how your assets are distributed upon your death. However, there is so much more to estate planning than this. You may wish to utilize other instruments, such as trusts, which are...
Many people expect their funeral to be costly and plan on paying the cost ahead of their death. It’s a great way for the deceased to ease the weight of their death off their loved ones’ shoulders. Yet, it seems funeral costs get higher each year, making it hard on...
When a loved one passes away with debt, their estate is supposed to settle any outstanding financial obligations. Part of the probate process involves consolidating assets and paying off the deceased creditors before distributing the estate to the heirs. Usually,...