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Helping You Navigate Complex
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Helping You Navigate Complex Legal Issues

May 2015 Archives

Gregory A. Lang

Reviewing the duties of estate administrators

When it comes to estate administration, some people are unsure of which steps to take next after the death of a loved one. However, it is imperative for those who have the responsibility of managing an estate to ensure that the process is approached properly and that assets are distributed according to the wishes of the deceased. For people who are in this position in Hennepin, Minnesota, and throughout the country, it is crucial to review the ins and outs of probate and work towards a successful outcome.

A brief overview of probate in Minnesota

When it comes to estate planning, there are a wide variety issues to take into consideration, from asset valuation to heirs and power of appointment. In Hennepin and throughout the state of Minnesota, those who are concerned about wealth protection and the proper distribution of assets should make sure they comprehensively understand the ins and outs of their estate plan and identify the best course of action. After all, it is very important for people who want to give their personal property to a surviving spouse and/or other family members to try to simplify the process as much as possible and ensure a smooth transfer of assets.

Lending a hand to those considering revocable trusts

Each day, people pass away and leave their loved ones with beautiful memories and, in some cases, different types of gifts. For many people, it is a good idea to prepare for the distribution of their property while they are still living and many choose to move forward with a revocable trust, which allows them to make changes to how their trust property will be handed over after their death. Also, in Hennepin, Minnesota, and throughout the nation, there are many other reasons why people decide that a revocable trust is the best way to ensure that their gifts are distributed properly.

When a will needs updating in Minnesota

Some people mistakenly believe that once they draft a will or another estate planning document, they do not need to worry about it again. In truth, however, they all should be regularly reviewed, both to make certain they reflect major changes that have occurred in the person's life as well as the important changes in the law.

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