Establishing a conservatorship for a minor in Minnesota may be required by the courts if the minor is set to inherit more than $5,000 from an estate, life insurance policy, or other inheritance. In the event that a conservatorship is required, there are several things that you should consider before you get started. Conservatorships Differ from Guardianships You may or may not…
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Those subject to conservatorships in the state of Minnesota are guaranteed certain rights and protections, as dictated by state law. These are put in place to protect against numerous things, including fraud, mismanagement of funds, abuse, etc. Whether you are a person who is subject to a conservatorship or are assuming the role of a conservator in…
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Granting Power of Attorney in Minnesota is a simple process, but it’s not one to be taken lightly. Always consult with an attorney before taking this legal action. A Brief Definition of Power of Attorney Power of Attorney is a written document used when an adult (the principal) wishes to have another adult (the agent or attorney-in-fact) handle…
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As a business owner, you will be required to purchase several different types of commercial insurance in order to own and run your business, regardless of the state in which you operate. Two of the more common types of insurance are general liability insurance and professional liability insurance. Liability is a risk for every business, which…
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Replevin is a court action that allows for property to be returned to its rightful owner pending the outcome of the decision made in court. In the simplest terms possible, it is a court action that determines the owner of a property. When replevin is used in court, the plaintiff who is…
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Commercial insurance is essential for any business, but purchasing a plan (or multiple) is not as simple as it sounds. There are dozens of types of business insurance, and plans can be customized to cover a variety of things that can cause risk to your company. Because of this complexity, it can be…
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As a part of the Minnesota Conservators Account Review Program (CARP) and the Conservator Account Auditing Program (CAAP), Minnesota conservators are required to submit all necessary financial documentation to the account program that pertains to the accounts they manage. This can include financial documents like bank statements, receipts and invoices that show expenses paid…
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Surety bonds generally don’t last forever. Many operate within a certain time frame, and a sort of “expiration date” can be attached to them. While the effect of the bond may expire after the bond’s term has come to an end, bonds can often be renewed in order to extend their coverage further. If you…
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The Uniform Guardianship and Protective Proceedings Act, a Minnesota law, guarantees that a guardianship proceeding will take place in probate court. During this proceeding, a guardian will be appointed and approved by the court. This person will oversee the responsibility and obligation to care for a child or protected person, and their…
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Every business needs commercial insurance to protect themselves and their employees. But no two businesses are the same. Every business will have a different insurance plan, not to mention different types of insurance that are crafted based on their business needs and goals. Although there are dozens of types of commercial insurance offered…
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