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Minneapolis Estate Planning and Probate Lawyer Blog

Tuesday, December 6, 2016

Is It a Good Idea to Transfer My Home to My Children?


Minneapolis Estate Planning and Probate Lawyer Warns Against Transferring Your Home to Kids

Most people know that probate should be avoided if at all possible. It is an expensive, time-consuming process that exposes your family’s private matters to the public and allows for easy challenges by others. It sounds simple enough to just give your property to your children while you are still alive so that it's not subject to probate upon your death.

This strategy may offer some potential benefits, but those benefits are far outweighed by the risks. With many other probate-avoidance tools available, such as living trusts, it makes sense to review the risks and benefits of transferring title to your property with Read more . . .


Monday, November 28, 2016

What Trump Means for the LGBT Community, Part 3: Get Your Documents In Order

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Minnesota Lawyer Discusses Estate Planning for Married Couples in the Era of Trump.

As noted in my prior posts, the fear of a pending Trump Administration has caused numerous LGBT individuals to call my office asking how to protect themselves and their families.

While, it is unclear what the new administration plans to do regarding LGBT rights, it’s important to plan now to limit any potential stripping of hard-fought rights. I try to be optimistic, but recent appointments have not helped on this point. So, hope for the best and prepare for the worst it is!

When marriage laws passed, many couples decided that marriage was the best estate plan.
Read more . . .


Thursday, November 17, 2016

What Trump Means For the LGBT Community, Part 2: ADOPT YOUR CHILD NOW!

With the looming inevitability of a Trump presidency, I’ve been getting a lot of questions (panicked calls) on how the changing administration may affect LGBT clients. This is the second in a series of posts to cover the legal challenges ahead that I foresee and ways to be proactive in addressing them.  First up. Adoption.

Read more . . .


Wednesday, November 16, 2016

What Trump Means for the LGBT Community, Part 1: Don’t Panic But Do Be Proactive

Now that the realization has sunk in that Trump will be the president, I am receiving a lot of inquiries from upset (and panicked) clients asking what they can do to protect themselves.

As a result of the volume of these calls, I am drafting a series of blog posts and will put together a LGBT Survival Guide in the Era of Trump to be posted on my website as well.


Read more . . .


Thursday, September 8, 2016

Do You Need a Will or a Trust?


What’s The Difference Between A Will And A Trust?

 As an estate planning lawyer, I hear this question often – I mean a lot – so want to take a few paragraphs and provide you with a simple explanation of the difference between these two valuable estate planning tools.


Read more . . .


Friday, August 26, 2016

Second Marriage? Prior Children? How to Plan Your Estate With a Blended Family.


A Minnesota Estate Planning Attorney Explains How to Properly Plan for a Blended Family

If you are married for the first time and are working on your estate plan, the decisions about where the assets go can be relatively simple. Most parents in that situation want their entire estate to go to the surviving spouse, and upon the death of the surviving spouse, equally to their children. There may be difficult decisions about care for minor children or who should handle your financial matters, but typically it’s easy to decide where the money and property will go.

However, in today’s society, there are ever-increasing numbers of blended families. There may be children from prior relationships involved, making estate planning more complex.


Read more . . .


Thursday, August 4, 2016

Do You Need a Will?


Is a will really necessary?

It depends. A will is important as the only valid way to handle certain matters after death.


Read more . . .


Thursday, June 16, 2016

How Do I Plan for the Care of My Pet If I Die? Minnesota To Allows Pet Trusts


Minnesota Estate Planning and Probate Lawyer Discusses the New Pet Trust Law Recently Enacted

Minnesota just became the final state to allow people to set up a pet trust for the care of their animals in the event of their death or incapacity.  Previously, people could leave money in their wills for the care of pets, but there was no mechanism to enforce this.

When meeting with my Minnesota estate planning clients, I would have to inform them that, while they could leave $10,000 to their sister to care for their beloved Labradoodle, nothing was in place to prevent the sister from cashing the $10,000 check on the way to the pound to drop off the dog.

That has now changed. Animal trusts provide the much-needed mechanism legally requiring any money in the trust to be spent on the animals for which it was created.
Read more . . .


Thursday, June 9, 2016

Minnesota Probate Law: Intestate Succession Rules for Inheritance

If you die without a will, Minnesota Probate Law provides one for you. In determining how your assets will be distributed, the court will look at the laws for intestate (meaning no Will) succession (priority to get stuff). Read on to learn more about how the court will be required to divvy up your assets.

Read more . . .


Tuesday, May 24, 2016

You Inherited a Cabin With Your Siblings. Do You Have to Keep It?

What happens if you and your siblings inherit property from your parents, and you don’t agree on what to do with it? (what, siblings disagree?) Can you force the sale of the property? Under Minnesota real estate law, in many instances, the answer is yes, through a specific court action.

Read more . . .


Wednesday, April 27, 2016

Prince Didn't Have a Will? Now What?

As you know, music superstar Prince died last week. Yesterday, his sister, Tyka Nelson, filed documents with the probate court stating that he did not have a will.

Now what?


Read more . . .


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From within Hennepin County Unique Estate Law represents clients throughout Minnesota, including Minneapolis, Edina, Bloomington, St. Louis Park, Minnetonka, Plymouth, Wayzata, Maple Grove, St. Paul, and Brooklyn Park.



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