Probate is the process of settling a person’s estate after he or she has died. In Minnesota, a probate can be either informal or formal and supervised or unsupervised. Usually an informal unsupervised probate is requested as it can be more effi…
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If you have life insurance, a 401(k), or a bank account, you have almost certainly already completed beneficiary designations. Chances are you did not give it much thought at the time. You might not even remember who you named as a beneficiary, but i…
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A health care directive is a written document in which you make your wishes known about your health care. Through a health care directive you can also name who you want to act as a health care agent for you in the event you are unable to make decisio…
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Attorney Bill Oehler recently attended the annual Probate & Trust Law conference in June 2016. In this blog post, Bill shares five things he learned while attending the conference with 900+ attorneys and professionals. 1. Federal estate tax is he…
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June is the most popular month for weddings, followed by August then September and October. So, we are heading right into wedding season! From the moment a couple says “I do”, their legal and financial relationship takes on new meaning. H…
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As part of the omnibus tax bill, HF 848, passed by the Minnesota legislature over the weekend, the legislature has directed the commissioner of revenue to review the estate tax’s definition of qualified farm property and its linkage to the property…
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When the assets of an estate are insufficient to satisfy debts, claims, expenses of administration, and devises under the will, the rules of abatement will be applied. The rules of abatement determine the order in which devises shall be given effect…
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Everybody has an estate plan, or so the saying goes. What does that mean? It means that if you have not taken the time to prepare a will or trust, the laws of intestacy will dictate how your assets should be distributed upon your death. The recent ne…
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According to the Humane Society, nearly two-thirds of American households have a pet. The majority of those pet owners consider their pets to be family members. Given these statistics, it is not surprising that a growing number of people are wonderin…
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Minnesota does offer a probate shortcut for some estates. As a reminder, probate is required after the death of a loved one where property passes according to the terms of a will (or not if the person did not have a will) (see this recent post). Any…
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