Archive for October 15, 2015

Selecting the Right Trustee or Executor

Estate PlanGiven that your trustee and personal representative (a/k/a “executor”) are charged with ensuring that your Revocable Trust agreement and Will are followed, it’s important to select the right persons to assume these responsibilities.

Both personal representatives of a Will and trustees of a Trust are fiduciaries. As fiduciaries, they are legally required to act for the benefit of your beneficiaries — not for their own benefit — in following the terms of your Will or Trust. » Read more..

Pros & Cons to Probate in Minnesota

Probate Court

Although most Minnesotans seek to avoid probate, there are pros to probate as well as cons.

Because probate involves the court — an open and public process — probate provides a level of transparency to all potential heirs and beneficiaries that may not exist otherwise. » Read more..