An executor is responsible for settling a person’s estate after they pass away. How would someone know that an executor of an estate will follow the deceased’s last wishes? Every executor is bound by a fiduciary duty, meaning they must act in the best interests of the...
Handling estate administration on behalf of a friend or family member can be a challenge. Personal representatives may need to attend hearings in probate court. They have to secure estate resources. They may also need to liquidate assets to distribute their value...
As you may know, probate involves administering a deceased person’s estate according to the estate planning documents they left behind. In the absence of a will, probate is still mandatory, but your assets will be distributed under Minnesota intestate succession laws....
Estate administration or probate proceedings are not just about transferring assets to beneficiaries or heirs. The process also requires the fulfillment of the decedent's financial obligation. Their personal representative has to communicate with and repay their...
The death of a loved one is something that’s hard to deal with. Once you find out about their passing, there are other things to handle, such as taking care of the estate plan. This is something that usually goes off without any issues, but it’s also something that...
No one wants to think about their own death, but planning for it is crucial. If you don’t plan, your estate may have to go through probate. This process is often expensive and time-consuming, so it's best to do everything to avoid it. Here are some tips on how to...
Losing a parent is one of the hardest experiences a person will have, but it is a nearly universal experience, especially as people enter middle age. Even if your parent lived a long and full life, you would still grieve them when you can no longer reach out to them...
A will is an important tool that allows you to determine how your assets are organized and distributed once you pass away. It also names a suitable executor to carry out your wishes in this regard. A will is particularly important if you have minor children, as you...
