Probate is the process in which a deceased person’s assets are gathered, debts are paid, and assets are distributed to beneficiaries. Basically, it is the court-overseen process of wrapping up a person’s affairs. Probate can be a lengthy process. In fact, the time it takes for probate to complete is a major reason many people try to …
Should I Transfer My Home to My Children?
Most people are aware that probate should be avoided if at all possible. It is an expensive, time-consuming process that exposes your family’s private matters to public scrutiny via the judicial system. It sounds simple enough to just gift your property to your children while you are still alive, so it is not subject to …
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How to Plan Your Estate With a Blended Family
Second Marriage? Prior Children? A Minnesota Estate Planning Attorney Explains How to Properly Plan for a Blended Family If you are married for the first time and are working on your estate plan, the decisions about where the assets go can be relatively simple. Most parents in that situation want their entire estate to go …
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