Archive for Uncategorized

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..

Can I Disinherit My Spouse?

You can’t disinherit your Minnesota spouse unless he or she signed away those rights in a validly executed pre-nup or post-nup agreement.

Otherwise, even if you specifically omit your spouse in your Will, your surviving spouse has up to 9 months after your death to “elect against the Will” and seek the surviving spouse’s so-called “elective share”.

Calculating the elective share is a complicated process, but generally and loosely speaking, the Court looks at the combined assets of the deceased and surviving spouse. The Court then applies a certain percentage against that number for the award to the surviving spouse. The size of the percentage varies based on the number of years of marriage. The percentages start at 3% for one year of marriage. The maximum percentage is 50% for 15 or more years of marriage. » Read more..

Why Not Write Your Own Obituary?

Writing your own obituary has several advantages, doesn’t it?

By writing your own obituary, you spare your grieving family the burden of trying to write one within the few days between your death and funeral or memorial service. And, you also influence what you want people to remember about you.

Obituaries are perhaps the one newspaper item that tends to be kept through the ages. Obituaries are sometimes pasted inside the cover of the family Bible, or kept in a family scrapbook. They are a much beloved resource for persons doing genealogy research. » Read more..