Determining what will happen to your property and assets if you should pass away is not a task many people rush to complete. It is difficult to think of our mortality and what will happen to the beloved possessions we have accumulated throughout our lives when we leave this place. Yet, for many people, creating a last will and testament can help give peace of mind when it comes to knowing what will happen to an estate if you are no longer More +
If you have been divorced or widowed before and now met a new person that you would like to get married to, that is certainly something to celebrate. However, Minnesota residents in this situation should be sure to use their heads as much as their hearts when making this decision. If either you or your new partner have children from a prior marriage, it is extremely important that you engage in frank, open and honest discussions about your assets, debts More +
Minnesota could offer you a range of options when it comes to estate planning. An irrevocable trust is one of these tools. When you create one of these trusts, you basically set up a separate legal entity over which you have no control and supply it with assets. In this role, you would be the grantor, trustor or settlor. This naturally begs the question of why you would want to create an irrevocable trust. Although it would largely depend on More +
Guardians and conservators are both, generally speaking, types of custodians under Minnesota law. However, the general idea of caring for someone is more or less where the similarity ends. As detailed by the Minnesota Conference of Chief Judges, the basic difference between guardianship and conservatorship is that guardians perform personal or healthcare decisions while conservators handle finances. Please read on for a brief discussion of both of these in more detail. You may want to establish a guardianship if you need to More +
It is never easy when a close friend or family member passes away. Often there are strong emotions involved, and it can be difficult to make the final arrangements. One of the most overwhelming items to deal with may be that of finalizing the estate and distributing the deceased’s property. The difficulty of doing so depends on how the final terms were set up and whether the estate will be required to go through the probate process. The probate process is designed More +
Considering the constantly changing nature of Minnesota and federal tax laws, it could be time to revisit your estate plan. In fact, even in the absence of major overhauls, such as the new tax bill that is going into effect, it may be a good idea to adopt a regular schedule for the review and revision of your plans for the future. At Dunlap & Seeger, P.A., we always attempt to keep our clients abreast of the changes that could affect their wills, More +
