Simple Estate Planning
With the new year comes renewed commitments, new year’s resolutions and hope for health and happiness for the future. Many resolutions are health related and involve losing weight and exercising more, while others may include increased organization around your home. Another important resolution that may be a bit less popular, but equally if not more important, is estate planning. Now is a great time to partner with the the legal team at Kallemeyn & Kallemeyn to complete simple estate planning so that your loved ones are taken care of in the event of an unexpected illness or death. Read Full Post
Thinking about what will happen to your assets and possessions after you die is never a fun topic to consider. In fact, many of us just put off planning for the future because it seems stressful, expensive and even sad. We think that we have plenty of time and decide to wait until a more “convenient” time to write a will, designate a power of attorney and complete basic estate planning. The legal team at Kallemeyn & Kallemeyn of Coon Rapids, MN understands that estate planning is difficult for many and strives to make this process painless, less stressful and less expensive than expected.
When a person passes away, the family is left with the cumbersome task of settling the estate of the deceased. Essentially, probate and estate administration is used to formally transfer the real property, distribute assets of the decedent and settle all claims against the estate. If you were selected as the personal representative for a loved one’s estate, we can guide you through every step. In Minnesota, probate occurs when a resident of the state passes away while owning a property at that time. Formal probate is not always necessary after a person passes away in Minnesota. The probate process is required when survivor-ship rights have not been created, when real property is titled in an individual’s own name or when real estate is held as a tenant in common with another. Minnesota law generally requires probate for an estate greater than $50,000. If that person has real estate in other states, those properties are subject to the probate laws in that state. It is also important to remember that just because someone has a will, this does not necessarily avoid the probate process. 
When a family member dies, the last thing you want to think about are the legal ramifications of their death; in other words, all of the legal transactions that have to take place before you can move on. It would be preferable to be able to move on from a family member’s death without having to think about the allocation of property or the payment of debts, but, unfortunately, these things must be attended to.
The Minnesota Probate Process happens after the death of a family member that has substantial assets that need to be dispersed. It is not often an easy task but our Minnesota Probate Lawyers can help ensure the process go as smoothly as possible so that you can focus on healing and keeping loved ones close. Many times the probate process is important for transferring solely owned stocks, mutual funds, vehicles, personal property and other miscellaneous aspects that have not been designated a beneficiary.
