Archive for September 20, 2017

Should Family Pay the Deceased’s Bills?

Careful! It may be best to pause before paying bills of the deceased.

It’s important to first know what the assets of the estate are, and what claims are being made against those assets. Is the estate solvent? If not, Minnesota law sets out a priority list for paying creditors. The creditors at the bottom of the priority list may not receive anything. » Read more..

Will My Step-Children Inherit?

If you want your step-children to inherit, you need to specify that wish in your Minnesota Will or Revocable Living Trust.

If you don’t do so, then only your blood relatives or adopted children will inherit.

Without a Will (and assuming that you have no surviving spouse), your children inherit in equal shares under Minnesota law. No provision is provided for step-children. » Read more..