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Some estates have beneficiaries. The person who died established a clear estate plan naming specific people to inherit their property. A large portion of all estates transfer assets to heirs instead. The person who died did not leave testamentary documents, and...

Beneficiaries inherit from an estate with a will or trust in place. Heirs have a right of inheritance when there is no estate plan on record. Typically, spouses, children and other immediate family members become heirs when a person dies without a will. When an adult...

When a person dies, the individuals who have the closest relationships to them may assume they have a right of inheritance. Minnesota state law identifies specific people as heirs in cases where a person dies without an estate plan. However, the situation changes...

People establishing estate plans often choose their closest family members as their beneficiaries. They want to leave everything they own to spouses, children, grandchildren and other loved ones. Most people imagine that an inheritance will improve the life of a...

Estate planning often involves earmarking assets for specific people. Estate administration involves either following state statutes or testamentary instruments while distributing the resources that belong to a recently-deceased individual. Some people die with heirs...

Many estate disputes involve financial or high-value assets, such as a business, a home or an investment portfolio. These disputes often arise among beneficiaries who want to ensure they receive their fair share.  For example, if a parent leaves a family home to...

Creating your first estate plan feels like a monumental task. Nevertheless, it is the ideal way to safeguard your assets and loved ones after you are gone.  Starting with the must-haves below can help you address your most pressing concerns and offer an opportunity to...