A Minnesota Probate Attorney Verifies That Payments to Compensate a Personal Representative (Executor) Are Taxable You agree to act as the Personal Representative of your sister’s Estate. After a few months you realize that serving as her personal representative takes a lot of time. You have to take time off work to clean out her…
Read MoreMinnesota Probate Attorney Explains Compensation for a Personal Representative Your sister asks if you will act the personal representative for her estate if anything happens to her. She passes away and you are now faced with having to navigate the legal minefield of probate. Can you get paid for handling these matters? Yes you can!…
Read MoreA Minneapolis Probate Attorney Explains the Fees Associated with Handling a Probate In Part I of this series, I explained who is responsible for paying the fees to open up a probate. Now I will turn to the types of expenses involved in a probate. • Court Fees These fees are dictated by Minnesota law and…
Read MoreMinnesota Probate Lawyer Explains Who Is Responsible for Paying Probate Fees Recently, a client came to me to help her handle her father’s estate. Dad had been sick for many years and attempted to plan as orderly a transition as possible after his death. He had a will drafted by an attorney and discussed his…
Read MoreA Minneapolis Probate Lawyer Helps You Understand the Responsibilities of Being a Personal Representative (Executor) for an Estate You remember so clearly how proud you were when you received the telephone call from your Aunt Emma! She gleefully told you that she just had a new will prepared and named you as the Personal Representative….
Read MoreA Minnesota Probate Lawyer Cautions Against Certain Actions When You Act as a Personal Representative (Executor) 1. NEVER distribute estate assets until there has been a full assessment of potential claims against the estate. Minnesota statutes require that probates remain open for at least four months. This gives creditors adequate time to notify the personal…
Read MoreA Minnesota Probate Attorney Explains That Fees Received for Acting as a Personal Representative (Executor) Are Taxable Serving as a personal representative takes a lot of time. As a result, some personal representatives consider charging the estate for their time as permitted under Minnesota law. As appealing as that can be, the attorney should help…
Read MoreMinnesota Probate Attorney Explains Compensation for a Personal Representative You are nominated as a personal representative to handle someone’s estate. Can you get paid for handling these matters? In a word, yes. Your fee is dictated by Minnesota probate law. Unfortunately, Minnesota law doesn’t provide much guidance as the probate law simply says, “[a] personal…
Read MoreThe personal representative is the person designated in a Will as the individual who is responsible for performing a number of tasks necessary to wind down the decedent’s affairs. [While a will merely nominates someone to act as personal representative subject to approval by the court, this post uses the term “personal representative” to refer…
Read MoreMinneapolis Probate Attorney Explains the Difference Between a Formal and Informal Probate You now know that you need to open a probate. But, what type of probate do you need to pursue? Minnesota has both an informal and formal process. What is the difference? The main difference is that a formal probate requires a hearing…
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