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By: Alyssa K. Jerde
- Oct 3, 2019
- 3 min
Estate Administration 101: Transfer-on-Death Deeds and Medical Assistance Recovery
We’ve previously discussed how a Transfer-on-Death Deed ("TODD") can be a good tool for avoiding probate and simplifying the estate administration process in certain circumstances. We know that in order to be valid, a TODD must expressly state that the deed is only effective upon the death(s) of one or more grantor owners, transfer the real property interest to one or more grantee beneficiaries, and must comply with all provisions of Minnesota law applicable to deeds of real
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Jason Wagner
- Aug 26, 2019
- 3 min
The most interesting will ever written?
When beginning to prepare your estate plan, it's important to consider how much control you want to have over your beneficiaries. While an estate plan can be a great way to leave your legacy, you can also use it to influence the decisions of those you leave behind. For example, an inheritance may be held in trust until the beneficiary graduates from college or starts a business. Another common provision might be to require a pre-nuptial agreement in the event of a spouse's re
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By Alyssa K. Jerde
- May 16, 2019
- 2 min
Estate Administration 101: When is Probate Required?
We’ve discussed how assets pass after death in previous posts on our blog, but how do we know when a probate is actually required? The assets owned by a deceased person can be split into two separate categories: probate assets and non-probate assets. Non-probate assets are those assets that have a beneficiary or pay-on-death designation, have a joint owner who has a right of survivorship, or those assets administered by a trust. These assets pass outside of the probate estate
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