Archived
Can the beneficiary of property from a revocable trust be required to not sell the property for a specific number of years?
April's answer
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Answered on June 07, 2016
If the home is titled in the name of the trustee, the trustee must comply with the terms of the trust, barring unusual circumstances. Nearly all...
Archived
Can family go after death benefits from retirement fund if beneficiary listed isn't family
April's answer
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Answered on May 28, 2016
Joe Henderson's analogy is correct--the answer is yes, but if they do, they likely lose. Because the financial companies administering pensions...
Archived
Can we legally do this to a vulnerable adult who is mentally with it?
April's answer
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Answered on April 17, 2016
Mr. Brown may be correct, but in Minnesota we're pretty pro- patients' rights. I'd say there may be issues with this under Minnesota's Vulnerable...
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Archived
Should a bank account that has both primary and secondary beneficiaries be included in the revocable living trust?
April's answer
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Answered on April 17, 2016
There is a chance of causing unfortunate confusion here that should be addressed. In estate planning, you want to harmonize all of your assets and...
Archived
To have the referee/ judge review violations on a court ordered settlement, do I need an attorney to start the process?
April's answer
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Answered on April 17, 2016
Ms. Hoffman is completely correct in her answer. I just want to add that you may find the Minnesota Courts website very helpful if you want to try...
Archived
How do I turn house over to son without inheritance taxes?
April's answer
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Answered on March 20, 2016
Let's separate types of expenses related to passing on. One is probate expense. Unless there are some very unfortunate loose ends, the costs of...
Archived
See above
April's answer
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Answered on March 04, 2016
Mr. Thompson's answer is on target, but in addition to the question of gift taxes, there is also the possibility of MA entanglements. That is, if...
Archived
Sorting out exemptions with trustee.
April's answer
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Answered on February 14, 2016
You should ask this question of a bankruptcy attorney, but my quick skim of several MN bankruptcy lawyers' sites suggests it is not true that tax...
Archived
What can I do to reduce my taxation on this large one-time distribution?
April's answer
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Answered on February 14, 2016
If you are charitably minded, a charitable remainder unitrust or charitable remainder annuity trust might give you an option to make a large...
Archived
Does my wife have any right to an inheritance?
April's answer
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Answered on February 14, 2016
1. There is no right to another's estate in MN except as between spouses, dependent on the length of their marriage, and certain very limited...
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