Serving as a trustee in Minnesota is both an honor and a serious legal duty. You must manage property and funds, follow the trust’s terms and act in the best interests of the beneficiaries. Mistakes can expose you to personal liability. Still, most issues are...
Mergers are complex business transactions wherein two companies combine their operations. The process can be beneficial when it is successful, but mergers can easily fail without adequate preparation. Countless possible hurdles exist for business leaders attempting to...
A trustee accepts a position that may inspire years of complex obligations. They have a responsibility to manage trust resources and distribute them as outlined in the trust documents. They receive compensation from the trust itself, but they may face regular demands...
People drafting estate plans often want to provide support and meaningful inheritances for their close loved ones. Charitable giving can also sometimes be a priority. People may want to provide resources for causes that are dear to them. They may even want to...
When you are making an estate plan, you can include advance directives. These are often used to address potential choices you may need to make in the future. For example, you may be considering medical care you would need after an emergency, such as a heart attack or...
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...
When you pass away, you can leave instructions for your family through an estate plan. But you still need someone to administer the estate and adhere to that plan. This person is known as the estate executor. Tasks they have include paying debts, taking an inventory...
Many people believe their will controls everything they own after death. In Minnesota, this belief is not always true. Some assets pass outside a will through beneficiary forms. When these forms conflict with a will, the beneficiary designation usually wins. This...
If you own a business in Minnesota, you may think about selling someday. You might worry if your financial records are incomplete or outdated. Many small businesses focus more on daily work than on detailed reports. Even with limited numbers, buyers will still expect...
We are pleased to announce that on August 1, 2026, the attorneys and staff of the law firm of Courey, Kosanda & Zimmer, P.A (CKZ), will be joining the law firm of Barna Guzy & Steffen, Ltd. (BGS), located in Coon Rapids, Minnesota.
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