Why Should I Create a LLC, Limited Partnership, or S-Corporation?

By |2018-01-26T02:52:33+00:00January 26th, 2018|Business Law|

Perhaps you have recently purchased some investment property. Or maybe you have been running a side business for years. If you have ever wondered whether it would be worth it to incorporate your business by creating a LLC, limited partnership, or S-corporation, read on! Asset protection. LLCs, Limited Partnerships and S-Corporations offer liability protection. This [...]

Who Pays for Funeral Expenses?

By |2017-10-13T16:51:43+00:00October 13th, 2017|Estate Administration, Estate Planning|

Funerals can be expensive! The average cost of a funeral in 2015 was $6,500.00, according to the National Funeral Directors Association. The ever-increasing cost leaves many families wondering: Who is responsible for paying funeral expenses? The answer can vary. For example, the decedent may have already paid for her own funeral by funding a prepaid [...]

Who should I name as my Personal Representative/Executor?

By |2017-09-27T17:57:59+00:00September 27th, 2017|Estate Administration|

A Personal Representative, also known as an Executor, is the person you name in your will that carries out your wishes after you pass away. Your Personal Representative is not required to perform these duties just because you have named him, he must accept the appointment as part of the estate administration process. Discuss the [...]

Determination of Descent

By |2017-09-12T15:49:20+00:00September 12th, 2017|Probate and Trust Administration|

I Just Discovered an Inheritance from a Relative that Died a Long Time Ago. What happens when someone passes away but her property was never distributed to her heirs? Minnesota Statutes section 525.31 authorizes an “interested person” to petition the court to determine the deceased person’s heirs and distribute her property accordingly. An “interested person” [...]

How to reduce the risk of a challenge to your will or trust

By |2017-08-31T16:11:27+00:00August 28th, 2017|Probate and Trust Administration|

You’ve spent time and money putting together the perfect estate plan. Now make sure nobody can undo your hard work with a Contest Provision. A Contest Provision disinherits any individual that challenges or attempts to challenge your will or trust. You can define “challenge” to mean: 1) filing an objection to your estate’s administration; 2) [...]