Estate Planning Is About Knowing Your Priorities Thinking about the world and how our loved ones will fare after we pass away can be very difficult. Although we all know that we will pass away at some point, this is not something most people like to…
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Estate Administration Details that TV and Movies Get Wrong While television and movies provide great entertainment, they are not always factual. Even shows based on real events are not entirely accurate. Creators of television programs and movies wil…
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Understanding Estate Administration in Minnesota: Is Probate Always Necessary? Estate administration in Minnesota is a complex process, but understanding when a probate is necessary can help ease the journey. Often our first task when we meet with yo…
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Death is a personal and private affair that affects the deceased’s close family and friends. However, there is at least one aspect of death that may require state oversight: probate. Probate is the court-supervised process of either (a) carrying ou…
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Introduction: Creating a trust is a crucial step in estate planning, allowing individuals to manage their assets and ensure a smooth transfer of wealth to beneficiaries. While the idea of a Do-It-Yourself (DIY) trust might seem appealing, it comes wi…
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Adding a payable-on-death (POD) or transfer-on-death (TOD) designation to an account allows the assets (money and property) in that account to be passed to a named beneficiary when the original account holder dies. Like trusts, POD and TOD accounts b…
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A loved one’s passing is challenging on many different levels. In addition to the emotional difficulty of processing someone’s death, there are also the many tasks that must be dealt with, such as going through their various accounts and taking t…
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Most people usually think about who will receive their retirement and bank accounts, life insurance proceeds, real estate, and other valuable possessions upon their death. However, a person’s personal property (their stuff) can also be a source of…
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Why the Knives May Come Out at Death The box office success of the 2019 murder mystery Knives Out led to franchise status, with Glass Onion, the first sequel, released in late 2022. The original Knives Out featured whodunit intrigue surrounding the m…
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Deciding between creating a will or setting up a trust is confusing. However, farmers, business owners, and high-net-worth individuals need to plan ahead and make sure their assets are distributed according to their wishes after they pass away. But h…
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