Q: One of my adult children is disabled and is receiving public benefits. What would happen if I died and my child inherited from me? I have heard that an inheritance to my child would result in my child being kicked off public benefits. Is there any way to guard against that situation? A: It […]
Q&A Blog #55: What is a Conservatorship?
By: Letty M-S Van Ert Question: What is a conservatorship and under what circumstances would a conservatorship be set up by the court? Answer: A conservatorship is a tool used by the court to appoint a person or entity to manage the estate (finances, real estate, other assets) of a protected person. There needs to be a […]
Changes to Minnesota Short Form Power of Attorney
By: Letty M-S Van Ert Some time ago I had a situation in which an elderly man had executed a power of attorney a decade earlier naming one of his several children as the attorney-in-fact. The other children had since taken over the day-to-day care of their father and father no longer remembered what, if […]
Q&A Blog #43 – Does the State of Minnesota have an estate plan in place for me if I die without a will?
Q: I have heard that the State of Minnesota has an estate plan in place for me if I die without a will. What does that mean?
A: Yes, in a sense, Minnesota does have an estate plan in place for you in the event you die without a will. However, it may not be the plan you would prefer, which is why it is
Q&A Blog #34 – What are the advantages and disadvantages of probate?
Q: What are the advantages and disadvantages of the probate process?
A: Probate can take several months or more to complete. This can frustrate heirs who are depending on the deceased person’s assets for support. It can also be expensive
Q&A Blog #31 – What is probate?
Q: What is probate?
A: Probate is the court process by which a deceased person’s property is transferred to the person’s heirs. A probate takes place if the deceased