Bases for Challenging a Will: Part II

Posted by Gregory Singleton | Mar 31, 2021 | 0 Comments

In todays video we tackle Part 2 of our two part series, Bases for Challenging a Will. In Part 1, we discussed statutory bases for challenging a will. In Part 2 we discuss the non-statutory bases, which include: Promises Life Partner Situation Drafting Error (errors in execution and ambigu...

Bases for Challenging a Will: Part I

Posted by Gregory Singleton | Mar 17, 2021 | 0 Comments

In today's video we start our discussion of challenging a will. In order to do so, of course, you need a legal basis. In Part I of this two part series, we look at the statutory bases for challenging a will. Those are: Testamentary Capacity Undue Influence Fraud Duress Mistake Revoca...

Ancillary Probate

Posted by Gregory Singleton | Mar 03, 2021 | 0 Comments

Ancillary Probate is a secondary (or more) probate that takes place in another jurisdiction. In today's video we discuss ancillary probate – what it is and how to avoid it.  If you have real property in another state and want to discuss strategies about avoiding ancillary probate, please contact ...

How Much Money Should I Have Before I Make A Will?

Posted by Gregory Singleton | Mar 02, 2021 | 0 Comments

It's a trick question really – how much money do you need to have to make a will. The real question is what are you trying to do. In today's video we discuss some of the reasons you may have for planning your estate, as well as some reasons you may not need to. Some of the questions you should be...

Where to Distribute Estate Planning Documents

Posted by Gregory Singleton | Mar 01, 2021 | 0 Comments

Having and storing your estate planning documents in the right place is important. However, some of the documents are best served when they have been distributed to certain people. In today's video we discuss which documents should – and shouldn't – be distributed, and to whom.  If you are planni...

Where to Store Estate Planning Documents

Posted by Gregory Singleton | Feb 28, 2021 | 0 Comments

Now that you have your estate planning documents, where is it that you should store them? In today's video we discuss the common places – good and bad – that people store their estate planning documents. Each has their pros and cons, so put some thought into where your documents should go: The va...

Guide to Letters of the Estate

Posted by Gregory Singleton | Feb 27, 2021 | 0 Comments

Estate planning is not all about assets, taxes, and Medicaid. There is a personal side to estate planning as well. In today's video we talk about the “Letters of the Estate”, an unofficial estate planning document that allows you to bring that personal touch to your plan. The Letters of the Estat...

The Big Question: Will or Revocable Living Trust

Posted by Gregory Singleton | Feb 26, 2021 | 0 Comments

In today's video we tackle one of the biggest questions in estate planning: Should you have a will or a revocable living trust? There are many attorneys out there who believe that everyone should have a revocable living trust, no matter what. But this is short sighted and bad advice. In this vide...

Top Four Ways to Avoid Probate

Posted by Gregory Singleton | Feb 25, 2021 | 0 Comments

Probate is tiring, costly, and takes a long time. Because of this, some people do not want to impose probate on any of their heirs, devisees, or beneficiaries. In today's video we talk about the top four ways of avoiding probate. These include: TOD Deeds or POD Accounts: Using Transfer on Deat...

Estate Planning During a Pandemic

Posted by Gregory Singleton | Feb 24, 2021 | 0 Comments

Estate planning is a complicated matter, and the pandemic has only made things more difficult. In today's video we discuss some of the ways that attorneys and the State of Minnesota have adapted to the challenges of the pandemic to make sure that the public's estate planning needs are met. Signat...

Guide to Gift Giving in a Will

Posted by Gregory Singleton | Feb 23, 2021 | 0 Comments

Wills are the foundation of estate planning documents. But just because they are central doesn't mean they are simple. In today's video we discuss gift giving in wills: both what are the options and what are some of the pitfalls of doing things wrong.  Essentially there are three kinds of gifts t...

Guide to Health Care Directives

Posted by Gregory Singleton | Feb 22, 2021 | 0 Comments

Health care directives are complicated beasts. In today's video we'll talk about what comprises a health care directive. We'll also discuss what makes a good and bad health care directives.  A few general tips: Avoid directives that just have you answer questions on a scale of one to five or o...

Top 10 Issues for Single Parents in Estate Planning

Posted by Gregory Singleton | Feb 21, 2021 | 0 Comments

Being a single parent is a tough job. It is essential that they make sure to take care of their estate so that their children are cared for in case of an untimely death.  Guardianship Designations for when the parent is alive but incapacitated: This requires a guardianship designation power of...

Guide to Personal Representatives

Posted by Gregory Singleton | Feb 20, 2021 | 0 Comments

A “personal representative” is someone who administers an estate of someone who has died. In other jurisdictions, they are known by the terms “administrator” or “executor” or “administratrix” or executrix”. Personal representatives take on a lot of responsibility in their role. You should take ca...

Power of Attorney – Overview

Posted by Gregory Singleton | Feb 19, 2021 | 0 Comments

In today's video we talk about Powers of Attorney and break them down by their five key categories. Those categories are: Purpose: The focus of a power of attorney can be health care, financial, or child guardianship. Durability: A durable power of attorney is effective while you are incapac...

Universe of Estate Planning Documents

Posted by Gregory Singleton | Feb 18, 2021 | 0 Comments

In today's video we discuss the five core documents that make up an estate plan. These documents are determined by the goals that we are trying to reach. There are generally six goals that we are trying to address in an estate plan. The goals are for when (1) we are alive and incapacitated and (2...

Probate 101: Formal Probate

Posted by Gregory Singleton | Feb 15, 2021 | 0 Comments

Formal Probate is the Court reviewed legal process for settling an estate. Formal probate takes place before a judge (or referee of the probate court). This contrasts with informal probate, which takes place before the County Registrar. There are two kinds of formal probate: supervised and unsupe...

Probate 101: Informal Probate

Posted by Gregory Singleton | Feb 01, 2021 | 0 Comments

Informal probate is the probate procedure that does not involve the Court. It is for estates that do not require Court intervention or supervision. There should be no legal disputes, no complex administrative requirements, or any real uncertainties. What Estates Qualify for Informal Probate? The ...

Prenuptial Agreements

Posted by Gregory Singleton | Jan 18, 2021 | 0 Comments

A prenuptial agreement is a contract entered into by couples planning on getting married. They are also known as “prenups”, “antenuptial agreements”, or “premarital agreements.” Couples can also sign a similar agreement after marriage called a “post-nuptial agreement.” What can prenuptial agreeme...

Probate 101: Summary Proceedings

Posted by Gregory Singleton | Jan 15, 2021 | 0 Comments

A Summary Proceeding is a probate proceeding used for administering small estates. Basically, they are allowed when the value of the estate is less than $150,000 after payment of all expenses and deducting the homestead, exempt property, and family allowances. (See Minn. Stat §§ 524.2-404 through...

Probate 101: Transfer by Affidavit

Posted by Gregory Singleton | Dec 31, 2020 | 0 Comments

Most people would say there are essentially two categories of probate – formal and informal. I think that is a bit overly simplistic. In reality there are several, for example, there is transfer by affidavit, informal probate, formal supervised probate, and formal unsupervised probate. In the nex...

Holidays: Prime Time for Estate Planning

Posted by Gregory Singleton | Dec 15, 2020 | 0 Comments

The holidays are when families come together. Nobody really wants to think about dying, let alone what will happen to their stuff after they have died. But doing so can have many benefits. It can bring you peace of mind. It can make things easier for those you will leave behind. And it can bring ...

AB Trusts: The ABCs of the marital tax exemption

Posted by Gregory Singleton | Nov 30, 2020 | 0 Comments

AB Trusts are a tool for sheltering assets from taxes. There is both a Federal and Minnesota estate tax. The Federal estate tax exemption is $11.58 million per person in 2020. This means that for large estates, any amount over $11.58 million is taxed at the Federal rate of 40 percent. For Minneso...

QDOT: Qualified Domestic Trust

Posted by Gregory Singleton | Oct 30, 2020 | 0 Comments

A Qualified Domestic Trust (QDOT) is a trust that allows a surviving non-U.S. citizen taxpayer to take the marital deduction on estate taxes. Normally, estates worth $11.58 million or less enjoy a lifetime estate tax exemption. Below that threshold, estate taxes do not apply. For married couples,...

  • 2 of 4

Signature Law Is Here for You

Learn More About Signature Law

Contact US Today

Signature Law is committed to answering your questions about Estate Planning, Probate, Wills, Trusts, Health Care Directive, Power of Attorney, Cabin Planning, Supplemental Needs Trust, and Prenuptial Agreements law issues.

We Offer a Free Consultation and we'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.

Virtual Office

(612) 428-4002

Menu