Many of our clients ask, what are the tax implications of an inherited traditional IRA? The answer is that tax rules differ depending on whether or not the beneficiary is a spouse. Our attorneys want to make sure you know the rules, because your decisions may have serious tax consequences. If you're a spouse of [...]
It may sound simplistic, but making sure you've let your heirs know where your inheritance plans and paperwork are — not to mention passwords — and how to find them is one of the top last will and testament problems. How about the conventional wisdom of leaving each child an identical windfall in your will? That [...]
No-contest clauses are designed to discourage disgruntled relatives from contesting your will or trust by establishing that no one who mounts a legal challenge and loses can inherit a penny from you. Half of all states--including Minnesota--enforce no-contest clauses unless the person suing had probable cause — a good reason — to sue. The courts [...]
Dear Friends, Family, Colleagues, and Clients, We are proud to announce the merger of our two law firms, Rochford & Langins, LLC and Schreiber and Jarstad. Under the new firm name of Rochford Langins Jarstad LLC, our lawyers and staff will be combining their knowledge and talents into one powerful team of advocates. Our offices [...]
As you toss that Frisbee outside your beach house, are you struck with hope that your grandkids will have similar good times there? It's time to start planning. If you fail to take the right steps to ensure your vacation home's future ownership — through your estate plan — you may be opening up a [...]
Below you will find a flow chart on how the Probate Process works in Minnesota. You can also download the pdf here.
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” [...]
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) [...]
Your loved one has passed away. What happens next? Many people assume that if your loved one left a will, you will not have to use the probate process. However, this is not always the case. Ultimately, there are three steps to begin the probate process: (1) filing with the court; (2) giving notice to [...]
The probate and trust administration attorneys at Rochford & Langins, LLC will help give you peace of mind when you have lost a loved one. Probate and trust administration can be time consuming, complex and emImage result for probateotionally draining. If you are the personal representative for a probate estate, or named as the trustee [...]
