The Importance of Publishing Minnesota Probate Notices in Newspapers
Flanders Law Firm LLC Blog
by flanders51
3M ago
Title: The Importance of Publishing Minnesota Probate Notices in Newspapers Probate is the legal process through which a deceased person’s estate is administered and their assets are distributed to heirs and beneficiaries. Notices and Newspaper Publication In Minnesota, as in many other states, one crucial aspect of the probate process is the requirement to publish probate notices in newspapers. This practice serves several important purposes and plays a key role in ensuring transparency, protecting the rights of creditors and interested parties, and facilitating a smooth probate administratio ..read more
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What needs to be in a Minnesota Probate Inventory?
Flanders Law Firm LLC Blog
by flanders51
8M ago
In a Minnesota probate, the inventory typically includes a comprehensive list of all the assets and property that belonged to the deceased person (the decedent) at the time of their death. This inventory is a crucial component of the probate process and helps establish the value of the estate, which in turn affects how the estate is distributed to heirs and beneficiaries. Here’s what should be included in an inventory in a Minnesota probate: 1. **Real Property (Real Estate):** List all real estate owned by the decedent, including residential properties, vacation homes, land, and any other real ..read more
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Navigating Intestate Estate Probate in Minnesota: A Step-by-Step Guide
Flanders Law Firm LLC Blog
by flanders51
9M ago
Title: Navigating Intestate Estate Probate in Minnesota: A Step-by-Step Guide Introduction: Losing a loved one is undoubtedly a challenging experience, and dealing with legal matters in the midst of grief can be overwhelming. When someone passes away without a will, their estate is considered “intestate.” In Minnesota, intestate estate probate is the legal process that determines the distribution of assets and settles debts when there’s no will in place. In this blog post, we’ll guide you through the step-by-step process of probating an intestate estate in Minnesota. Understanding Intestate in ..read more
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Potential Probate Issues and How to Avoid Them
Flanders Law Firm LLC Blog
by flanders51
1y ago
Potential Probate Issues and Avoiding Them The events that take place during probate might not fuel your campfire ghost stories, and it’s not likely that most spirits return to correct their estate planning documents. That said, if you’re looking to not wind up with your own probate law horror story, perhaps this article will offer some advice on how to make things right. There might be a handful of issues you might run into. Not having a valid will or any will to begin with might be an unavoidable circumstance, someone might get greedy, and the assets might not be so neatly sorted. So, here’s ..read more
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Why You Need An Estate Plan
Flanders Law Firm LLC Blog
by flanders51
1y ago
If as of today you have your estate plan established, then you have already done a big chunk of the work. But if you have not started one yet, then now is the right time to complete the task. However, keep in mind that once you have your estate plan in place, you will still need to update it periodically as life changes overtime. In fact, it is recommended that an estate plan is revised every three to five years, or after there has been a significant life change. We may not envision certain events happening in the future, but life is unpredictable, so when changes come our way we have to ensur ..read more
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Ancillary Administration and Appointment Foreign Personal Representative
Flanders Law Firm LLC Blog
by flanders51
2y ago
Ancillary Administration and Appointment Foreign Personal Representative Minnesota statute, section 524.4-204, et seq, governs the appointment of foreign personal representatives and/or the approval of ancillary administrations. This article will try to explain the steps necessary to obtain a foreign appointment or appointment of personal representative in an ancillary probate in Minnesota. Initial Jurisdictional Issues Minnesota statute 524.4-204 tells us that a foreign personal representative may file an ancillary court action in a probate court in the county where the deceased’s property wa ..read more
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Transferring Title to Your Home in Minnesota | Estate Planning
Flanders Law Firm LLC Blog
by flanders51
2y ago
Ways That Someone Might Have Used to Transfer Their Home How you go about transferring a house by through or outside of probate law may or may not be so simple. Not everyone uses their will to transfer their home even if they’re using that quintessential estate planning document as their primary way of communicating to their family and friends. The ownership of the home could be set up in such a way that the ownership transfers almost seamlessly. As a suggestion, you may want to start checking into the will, and if the house isn’t mentioned there, it’s time to check for the three other options ..read more
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Titling Assets in a Minnesota Revocable Trust
Flanders Law Firm LLC Blog
by flanders51
2y ago
There’s a lot that can go into a Minnesota revocable trust. That’s for sure. The trouble for you, nonetheless, might be where to start. So, to help you get some ideas for crafting your living trust, this article will try to break down four different categories of things that you might in your living trust. Minnesota Trust law can help you deal with your real estate, your physical assets, your life insurance policies, and your bank accounts. Your will isn’t the only means to redistributing assets, and you don’t have to rely on using an irrevocable trust if you don’t want to. Living trusts are o ..read more
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Adoption and Guardianship: Compare and Contrast
Flanders Law Firm LLC Blog
by flanders51
2y ago
Adoption and Guardianship: Compare and Contrast You may have heard the words adoption and guardianship used interchangeably throughout a conversation. Someone might view themself as being a parent to a child once they’ve obtained guardianship. However, the truth is that being a guardian to a minor and adopting a child are two relatively different things. Perhaps the central difference between these two terms is how they impact the children’s parental relationship. A child can have guardians and retain their original parents, but an adoption involves the child becoming a part of another family ..read more
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How Probate (Estate) Sales Work
Flanders Law Firm LLC Blog
by flanders51
2y ago
Selling the family residence in probate is different from selling the same domicile through a typical home sale. Not only is the original homeowner most likely no longer around to handle the ordeal, you may also have to become reliant on the court. Minnesota probate law sets things up so that selling the home can still happen, more or less, as long as a judge has say in the matter. There’s also the probability that you may need to have the right kind of real estate agent to help you work out all of the details. Be mindful that this matter may take some time even if you do get a good offer from ..read more
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