Many people accept the role of being a guardian out of necessity. Some do it solely because they want to help someone they love, whether they are a family member or friend. Whatever the reason, if you’ve decided to be a guardian in Minnesota, you’ll need to know what you…
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Trusts manage the distribution of your assets after death. They are generally controlled by a trustee—a person selected by you to hold the property and manage it for your beneficiaries. There are many types of trusts you can set up, some of the most notable and commonly used being revocable…
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In the state of Minnesota, and in many other states, those who are unable to handle their day-to-day affairs can be subject to guardianships, whereby a person or entity is appointed to oversee the personal management of such person. Guardians are charged with making personal decisions about the person subject…
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Being a conservator for a friend or loved one is an important job. While it’s not the most complex thing in the world, there are still a lot of mistakes a person can make that will make their job as a conservator harder, not to mention put a strain on…
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As technology has advanced over the years, and generations who have been steeped in it become older, the issue of how to handle digital assets in an estate impacts more people than ever. Estate planning is important, and how to handle everything from property and other tangible, real-world assets is…
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Minnesota conservators are required by law to make certain reports throughout their service to the conservatorship in which they have been appointed. These reports can be annual, but they can also be required by the court at other times, including: After a notice or hearing Upon resignation or termination of…
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Establishing a guardianship has a few costs that are associated with setting it up. These can vary based on the state and county you reside in as well as whether or not you choose to work with an attorney. Who pays these fees? In most cases, and depending on the…
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Remote work has become more common in the U.S. by the day. More and more home businesses are starting up, and more companies are allowing their employees to work, at least partially, at home. While those starting up home businesses have their own set of insurance plans to protect their…
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People create trusts for many reasons. Sometimes they want to protect their assets later in life. Sometimes they want to ensure they are properly distributed to their beneficiaries after they pass away. At other times, trusts are used to gradually distribute assets to them over time, providing a type of…
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All Minnesota conservatorships are required to file an accounting every year. These are meant to allow the courts to keep track of the assets and spending of a conservatorship and to ensure that the assets are being properly managed by the conservators in charge of managing them. While the way…
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