How to Avoid Probate in Minnesota It saddens me when I have to tell a family that just lost a loved one “I’m sorry but you need to go through probate.” Probate can be a long, contentious, frustrating and a VERY expensive process. For these reasons, most people will try to avoid probate in any [...]
What does a will do? If you die without a will, the State of Minnesota’s Intestacy Laws will decide how your property is divided. By creating a will, you are telling the Probate Court in your County your last wishes in regard to several things, for example: You may choose to pass assets to persons [...]
Most business owners are looking for additional liability protection when establishing their estate plan. They are typically fearful of an employee or customer suing for more than their insurance will allow for, or piercing the corporate veil and then coming after the owner’s personal assets. A revocable living trust is a great tool for incapacity, [...]
One of the most common misconceptions people have is that, when a spouse dies leaving their estate to the surviving spouse, no probate is required. If the spouse who passed away had title to real property held in their name alone or as a tenant in common, or they had assets with a value of [...]
Since joining Robert Rochford in June of 2013 to create Rochford & Langins, LLC, I have noticed that some of the most common questions I get from people in and around Rochester and Plainview center on: the need for wills or trusts and an explanation as to the difference; how to qualify for medical assistance [...]
The short answer is it depends. Supplemental Needs Trusts and Special Needs Trusts, when used properly, can be used to benefit those with disabilities by supplementing and managing their resources while maintaining their eligibility for special assistance. If you or a loved one has a qualified disability, and you are considering a special needs trust [...]
