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Helping You Navigate Complex Legal Issues

Wills Archives

Gregory A. Lang

Actor Harrison Ford’s ex-wife’s will is missing

For many in Hennepin, the task of preparing a will can be a difficult one. It may involve making tough decisions about which of one’s heirs will receive what and the manner in which they will receive it. However, at least one may able to take solace in the fact that once the will has been drafted, his or her work is done. Or is it? After all the time and effort that went into creating such an important estate planning document, one could realistically see that all go to waste if his or her will is not filed or stored in the proper location.

What is ademption?

If you have been named as a beneficiary to an estate by a family member or friend in Hennepin, the prospect of receiving the asset or property bequeathed to you is no doubt exciting. Yet what if you were to find out that the property was no longer owned by your deceased loved one? Would your claim to it as the named beneficiary in his or her will still stand? This question inevitably leads to an in-depth evaluation of the legal principle of ademption.

Setting up kids to succeed with their inheritances

A concern that many parents in Hennepin who are in a position to transfer considerable wealth to their kids have is whether the kids are in a position to use the money wisely. Their fears lie primarily in the thought that if they give the children their inheritances at the wrong time, the kids will then lose the incentive to not only manage that money the right way, but to increase their own individual earning potential, as well.

How should you change your will following your divorce?

Few in Hennepin would likely associate estate planning with divorce. However, your divorce is bound to change your ex-spouse’s position in your estate. Given that data shared by the Centers for Disease Control and Prevention shows that there were 851,000 divorces in the U.S. in 2012 alone, the likelihood of your needing to revise your will due to divorce may be higher than you realize.

Addressing the guardianship of children in wills

One of the most important issues that Hennepin residents should address in their wills is that of the guardianship of their children. The purpose of wills and estate planning in general is to allow people to maintain some degree of control over their affairs after they die. Just as is the case with their property and assets, those who fail to name guardians for their children in a will risk forfeiting that right.

What happens if you die intestate in Minnesota?

As each year passes, you probably hear from people in and around Hennepin that you should seriously start to consider preparing a will. While you may wonder why it’s so important that you have a will, have you ever considered what would happen if you died without one? Dying intestate simply means that you died without a will. You have worked your entire life to accumulate the assets that comprise your estate; wouldn’t you also want to have a say in who those assets go to after you pass on? If you die without a will, you forfeit that right.

Helping clients write successful wills

When it comes to writing a will, there are a wide variety of issues you may have to take into consideration. For example, it is important to understand the vital components of an effective will, compile a list of beneficiaries and name an executor. In Hennepin, Minnesota, it is crucial for those who are putting together wills to ensure that the details of their estate are comprehensively evaluated and no elements are overlooked. At the Lang Law Office, we understand how critical it is to write successful wills and we work hard to help simplify the process for our clients.

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.

Estate planning basics for Minnesota residents

Every person leaves an estate when he or she dies. Some estates are considerably larger than others in terms of monetary value; however, almost everyone owns something to pass on to heirs. To make sure each item of monetary or sentimental value ends up in the hands of a desired heir, Minnesota residents may appreciate having a will as part of their estate plan.

Why wills are important in Minnesota

Writing a will may be something that many people tend to put off, and some do not understand why they are important to have in the first place. A person who dies without a will is said to have died intestate. In such an event, under state law governing intestacy the court will allocate and distribute the decedent's property to those who fall into the categories set forth in the applicable statute, even if the person wished to have passed them to different intended beneficiaries or in different percentages.

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