Your Mom asks you if she can list you as the personal representative of her estate if she dies. You agree as you want to help if anything happens to her. But do you know what it means to handle the role of personal representative? In Minnesota probate, as the personal representative (also known as…
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How to Transfer Ownership of an LLC in Minnesota Upon Death of the Sole Member
It seems the majority of my clients these days have a solo business. However, the majority of them are unsure how to transfer ownership of the business after death. It is simple to start a business in Minnesota. You fill out the Articles of Incorporation with the most basic information, pay the small fee, and…
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Revocable Living Trust for a Single Person
A revocable living trust is a legal document that can serve as an important tool for a single person seeking to protect their assets and ensure a smooth transfer of wealth upon their passing. While trusts are often associated with wealthy families and complex estates, they can be beneficial for anyone, regardless of the size…
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Take These Simple Steps to Organize Your Estate
We want to provide for our loved ones as much as we can. Through estate planning, our legacy lives on in providing support to our loved ones even after we pass away. By utilizing available estate planning tools, you can make sure the assets and resources you have acquired over the years go to help…
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How to Make a Valid Will in Minnesota
While making a will is important, making a valid will should always be the goal. After all, a will that does not comply with Minnesota laws will not be recognized in probate court. In order to have the wishes expressed in your will effective and properly executed, there are certain things that need to be…
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The Importance of Choosing the Right Financial Agent for Your Durable Power of Attorney
When you establish any kind of power of attorney as the principal, you will need to select an agent who will assume the authority granted to them under the power of attorney. One important kind of power of attorney is the durable power of attorney. The durability characteristic of this power of attorney means that…
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When to Update Your Advance Directives
Estate planning provides important protections for yourself, your loved ones, and your goals for the future. It would be difficult to understate the importance of estate planning. It can have profound and far-reaching implications for you and your loved ones. As such, it is a process that not only should be done, but should be…
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When to Update Your Advance Directives
Advance directives are an important part of anyone’s estate plan. In the event of a healthcare crisis, an advance directive can prove invaluable. Whether a person becomes incapacitated due to a medical condition, an emergency medical situation, or an accident, an advance directive helps preserve your wishes even when you cannot communicate them for yourself….
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Common Challenges to Wills and How to Avoid Them
Estate planning is so important to protect your legacy and promote the best interests of your loved ones. Estate planning the right way, however, is critical. For instance, drafting your estate planning documents, such as your will, in a way that safeguards it from future will contests can help ensure your wishes are honored and…
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Guardian Provision for Minor Children
Taking care of our children is a top priority. Doing what we can to ensure that our children are properly cared for and provided for regardless of what life throws our way is of the utmost importance. Fortunately, there are steps you can take to protect your children despite the unpredictability of life. For instance,…
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