Creating a long‑term estate plan that protects wealth for future generations has become a growing priority for families. With several states updating their trust and perpetuities laws in recent years, many people are asking whether dynasty trusts are an option in...
Elk River Minnesota Legal Blog
Can you stop foreclosure by filing for bankruptcy?
If you are facing foreclosure, it is a time of uncertainty. Foreclosure does not happen overnight, so you may still have months in your home before the lender reclaims it. But you know that things are going to be changing, and you may be looking into any options you...
Understanding beneficiary rights in Minnesota probate
Contrary to common belief, if you stand to inherit from a deceased person's estate, you have certain rights during the probate process. Whether you’ve been named in a will or there’s no will but you may qualify under state intestacy laws, it is smart to learn and...
What can you do if a seller fails to disclose crucial information?
You need to be adequately informed when buying a property. Minnesota law requires a seller to disclose known material facts and issues. Essentially, any information that could adversely and significantly affect the use and enjoyment of the property and the intended...
3 common misconceptions about retirement accounts in divorce
Divorce later in life can impact both personal matters and your financial security. For many individuals approaching retirement, decades of careful saving are tied up in pensions, 401(k)s and IRAs. Ending a marriage often brings difficult questions about who keeps...
Who decides your kids’ guardian if you die?
You think about your child’s future every day, like their safety, education and who they will become. But few parents stop to consider who would guide them if you couldn’t. In Minnesota, that question carries real legal weight, and the answer depends on choices you...
What’s the difference between formal and informal probate?
When someone dies, their estate must go through the legal process of probate before the assets are passed on to beneficiaries. Some estates can be settled relatively quickly, while others require closer oversight. That’s where the distinction between formal and...
Avoiding probate can protect your family’s time and money
Ensuring your family's financial security is important to you. Therefore, you created a will that will pass on your wealth when you die. But if you haven't structured your estate plan to avoid probate, they could be waiting months before receiving any of your assets....
Estate planning: 3 ways needs evolve over time
Life is full of change. From new beginnings to unexpected challenges, each period of life brings unique opportunities and responsibilities. As life grows and changes, so do the ways you protect your future and care for the people you love. One important tool for doing...
3 options for a jointly-owned home in divorce
Property division is one part of a divorce. It can grow contentious, and it can also be very complicated. As much as it seems easy to divide a bank account in half, other assets are not so simplistic. For example, many couples buy homes together during marriage. If...

