In law, there are many terms that provoke confusion about their meaning, especially to those who do not have a law degree. There are, however, some exceptions. In the case of trusts, the term describes very well the meaning and the intentions associated with them. A living trust, which can also be known as a revocable trust, is a means of placing assets aside for the benefit of another person; the assets are then transferred to that person upon the death of the person who set the assets aside. Read Full Post
Kallemeyn & Kallemeyn Legal Posts
Inheritance Law in Minnesota is complicated, and it is bound to be extremely confusing for people who do not possess a law degree. But the team at Kallemeyn & Kallemeyn are experts in inheritance law and can help you untangle whatever questions, problems, or issues that you may have.
Minnesota is currently one of a handful of states that imposes an estate tax on top of the estate tax imposed by the federal government. Read Full Post
After professional expertise, an estate attorney’s experience is the most important factor for providing clients with the results they desire and deserve. Kallemeyn & Kallemeyn offers our clients both. A strong estate attorney understands how important it is to represent a client’s interests with care, concern for the assets involved, and the fulfillment of wishes about how the clients’ assets will be distributed and reconciled in the future. We have established a reputation for being strong advocates of our clients’ interests. Read Full Post
Do you have questions about the different types of powers of attorney that can be established In Minnesota? A power of attorney is a legal document that allows you to assign an agent to act on your behalf when you are not able to. It can be a complicated process, and it always requires the expertise of someone with a legal background. The legal team at Kallemeyn & Kallemeyn has the ability to ensure that the power of attorney you wish to create conforms to all applicable Minnesota law and serves your best interests. Read Full Post
A personal representative is the individual who is named by you in your will to ensure that the terms of your will are executed as outlined. This person has a wide variety of duties and can receive a payment from your estate for this service. Your personal representative (formerly called an executor) should be someone that is trustworthy, competent, and has business and finance experience. It is extremely important that you choose someone in whom you trust and you can be sure will represent your interests in an honest way in the event of your death. Very often a personal representative works closely with an estate planning attorney to navigate the probate process. Kallemeyn & Kallemeyn specializes in all aspects of estate planning and can partner with you to draft your will and name your personal representative. We can also work directly with your personal representative to execute the terms of your will. Kallemeyn & Kallemeyn are located in Coon Rapids Minnesota just off Hwy 10 and Main Street. Read Full Post
The primary purpose of a will is to protect your family and your property in the event on your death. In the state of Minnesota, if you die without a will, your property and assets will be distributed based on Minnesota law, beginning with your closest relatives. You should be aware that if the court finds that you have no living relatives by blood or marriage, the state will take your property. It is very important that all adults have a will, so that you can convey exactly how they want their property distributed. Kallemeyn & Kallemeyn specializes in helping individuals draft and finalize a will Read Full Post