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7 Initial Duties of a First-Time Minnesota Personal Representative

Posted on by jlawyer

Minnesota Probate Personal Representative First StepsWhat are the initial steps to take as a first-time personal representative in Minnesota? The attorneys at the office are often asked what to do next when someone has lost a loved one. This is a difficult time for many peoples and we have noticed that people simply do not know what to ask or where to start.

There is some good news:  it may not been necessary to do anything with the deceased person’s estate if the total value of the estate is under $50,000. This means that it would be a small estate and would therefore be administered by an Affidavit for Collection of Personal Property.  However, if the estate is worth more than that, a personal representative will need to be appointed by a probate judge.

7 Initial Steps of the Personal Representative:

There are certain things a person should do first when their loved one dies.  These tasks include:

  1. locate all assets of the deceased person
  2. locate all debts of the deceased person
  3. obtain the certificate of death from the county in which the person passed-away
  4. determine whether not the deceased person had a Will or other estate planning documents such as a Trust
  5. locate and contact all of the known heirs of the estate including the surviving spouse (if there is one)
  6. locate the contact information for all creditors of the deceased person
  7. schedule a consultation with a Minnesota probate attorney

Again, at times, a probate may not be necessary.  If the estate is very small, a lawyer may not even need to be involved.

What to expect from a consultation with a probate attorney

In every consultation I do with a client, I am looking for information on the deceased person’s assets and debts.  I will also ask for all personal identifying information on the deceased person; including: full legal names, dates of birth, social security numbers, and other personal information.

Once an attorney gathers the personal information for the deceased, the attorney will consider what assets may be exempt from creditor claims and what assets are available to pay estate debts. Estate debts may include such things as funeral expenses, expenses of last illness, and other bills.

After the attorney determines what the expenses of the estate are, the attorney will consider the possible distribution of assets (money) to the heirs and other beneficiaries of the estate.  This could be a large lump sum or, at times, the estate may be insolvent (meaning there may be no money).

If the estate is insolvent, it may still be necessary to conduct a probate administration to transfer title of a home or other real estate. When real property or homes are titled in the name of the deceased person, is often necessary to “clear title”.  This means that, in the state of Minnesota, the county recorders office will have to be notified of the probate estate and that the personal representative has been appointed so that he/she now has authority to transfer title to real estate.  This is a complicated legal issue and a lawyer should be consulted if you have questions.

Free Initial Consultations

Contact the Flanders Law Firm today.  The firm employs Dakota County Minnesota probate attorneys.  The firm offers free consultations to all potential clients.  Call (612) 424-0398.

Everything You (Never) Wanted To Know About Disinheritance

Posted on by jlawyer

Minnesota probate law - disinheritanceNo one wants to think about ever having to disinherit a loved one, after all, doing so can create serious friction in the family and lead to irreparably hurt feelings.

However, there are some cases where disinheritance may be in order, in which case, it helps to be armed with information. To find out more about how it works in Minnesota, keep reading.

Minnesota Probate Law | Can you disinherit a spouse?

Though we’d hope it never gets to the point that you want to, it is possible you might be interested in disinheriting a spouse. Is such a thing possible in Minnesota? Fortunately (or unfortunately, as the case may be), spouses can never be disinherited in Minnesota. This is because your spouse has a legal right to his or her spousal share of your estate. This means even if you specifically leave assets to others and change your beneficiary designations, your spouse will still be able to claim a certain share of the value of the estate.

The rule in Minnesota says that a spouse has the right to a percentage of the augmented estate, meaning the value of your assets plus the value of his or her stuff. The percentage is based on a sliding scale and starts at three percent of the augmented estate for those married for only a year. At year 15 the percentage caps out at 50 percent of the augmented estate.

This percentage is guaranteed regardless of what is written in your will and, assuming the spouse has little of his or her own, will guarantee he or she walks away with half of your estate. If that’s a problem, you might want to consider meeting with a Minnesota family law attorney rather than an estate planning lawyer.

Minnesota Probate Law | What about children?

Though it’s hard to imagine why anyone would want to disinherit a child, the reality is that there are sometimes legitimate reasons for such a decision. One example is if there is simply no relationship between the parent and child and including the child in the will would run contrary to the person’s wishes.

A second, and much less depressing situation, is if one child is especially well off financially and does not need the same level of support as other children. By excluding the wealthy child from your inheritance you can leave more to the children who may really need it.

Unlike spouses, children can be disinherited. Doing so may obviously lead to hostility, especially if the disinheritance comes as a surprise. To ease the pain, it may be best to sit down with the family and explain your rationale for the decision early on, giving everyone time to process and, eventually, accept your choice.

How do you go about disinheriting someone?

If you’re looking to disinherit someone, likely a child, there are several ways to go about it. One way is to simply exclude their name from your will and all other documents regarding your estate. Don’t name them as beneficiaries on your life insurance or retirement accounts. Though this approach can work, it can also lead to confusion and unnecessary fighting. If someone is merely left out of a will, it’s possible that they would think it was the result of a simple oversight and could thus lead to a lengthy fight among the heirs.

Rather than allow for so much potential confusion, the better way to go about disinheriting someone is to specifically name him or her in your will and other estate planning documents. By including them by name and then stating that you wish to leave them with nothing, you are eliminating the possibility that this could be contested later on as vague. Your wishes, though harsh, will have been made unequivocally clear.

An experienced Minnesota probate lawyer can help walk you through the complicated process of establishing a workable estate plan. For more information on estate planning in Minnesota, along with a variety of other topics, contact Joseph M. Flanders of Flanders Law Firm at (612) 424-0398.
Source: “Disinheriting someone is not easy,” by Geoff Williams, published at Reuters.com.

 

See Our Related Blog Posts:

Minnesota Probate Law | When is Probate Necessary?

What’s a living trust and how does it work in Minnesota?