Tag Archive for heir

12 Reasons Why You Need a Will

There are at least 12 reasons why Minnesotans need a Will. 

Reason #1: Keep control. The Minnesota Legislature has established a plan in state law for what happens to your assets if you do not have a Will. That plan may be contrary to your wishes, and may not be the best for your family. You are in control if you create a Will. » Read more..

Did Mom Loan or Gift Money to Brother?

Whether Mom intended the cash that she gave to your brother to be a loan or a gift can be a contentious issue when it’s time to divvy up Mom’s estate after Mom’s death.

Mom may have wanted everything she owns divided equally among her three children.  But what about that money that Mom gave to your brother before her death?  Was it an outright gift? Was it a loan which was to be repaid? Was it an advance against brother’s share of Mom’s estate?  Will brother end up with more than his one-third share in the end? » Read more..