The basics of the small-estate affidavit are important to know if your loved one passed away with an estate of less than $50,000. The small-estate affidavit is the quickest, cheapest, and simplest method of distribution property in compliance with the probate laws.
There are two general mistakes that Minnesotans tend to make when it comes to estate planning. They either put it off until it is too late, or they put an estate plan into place early but forget to update it after major life events occur.
Building a successful family business and passing it down to one's heirs is the dream of many Minnesotans. Unfortunately, even those who are successful in step one of this process can fail to prepare for the complications that might arise in step two. When a business owner transfers a family business to adult children, there is much that can go terribly wrong.
Life insurance is a basic part of financial planning for all types of families. It's important to have enough to cover your family's needs, no matter when you pass away.
The recent news coverage of the fight over who should make medical care decisions for Al Barnes is a reminder of the need for careful estate planning, generally, and particularly in drafting health care directives.