Taking care of your family when you’re no longer around can be difficult, and sometimes a will isn’t enough to cut it. Some parts of estate planning may seem like they’re out of your league, but you might be surprised how much they could help. Nearly half of all...
Elk River Minnesota Legal Blog
Protect your commercial space and get the right tenants
You have a property that you'd like to lease out. It's a commercial property, and it has many rooms and areas that would be great for offices, small businesses and other kinds of arrangements. You seek a tenant or tenants who are good for business. You want to make...
Boundary disputes can destroy your quality of life
It's said that your home is your castle. But if your castle is being bombarded with threats and even violence, your peace of mind can be wiped out. When property owners feud over boundary disputes, life can certainly be unpleasant. You can develop a siege mentality...
Do you know what is the best structure for your new business?
Starting your own business can be an exciting process. However, it is important to make sure you are well-informed before you make any decisions because some of the most important decisions about your business are made early in the business formation process. One such...
When should I create a durable power of attorney?
For many people, estate planning brings to mind thoughts about a will or a trust. However, a complete estate plan should address more than what you would like to happen after you die. Some estate planning documents, like a durable power of attorney, can address what...
The process of probate in Minnesota
Probate is the legal process of settling one’s estate after their death from beginning to end. There are many laws governing the process and depending on the value of the estate, it can get complicated. The process of probate includes the court authenticating...
What is a will and do I need one?
A will is a legal document outlining your wishes in the event of your death. If you have children, stepchildren, living parents or a spouse, it’s a good idea to establish a comprehensive will. It’s not just about passing along your money and...
Rights and responsibilities of guardians in Minnesota
You might have a loved one who can no longer make their own legal or financial decisions. Or, maybe a friend passed away unexpectedly and their child needs a caregiver. Whether they are a minor or adult, they will need someone to look after them and ensure their needs...
Understanding Commercial Loan Classification
Following the financial crisis, the risk management policies of financial institutions are under greater scrutiny. Although banks have always had a duty to control risks - in part through loan evaluations - financial institutions must more effectively identify loans...
Creditors’ Claims in Probate
The objectives of probate are to pay creditors and distribute assets according to the law and your loved one's wishes. Before assets of an estate are paid, creditors may seek payment on debts. As a personal representative, you don't want to pay a debt the estate does...
