Estates & Trusts

Lessons Can Be Learned From Prince’s Estate

July 18, 2016

The musician Prince died on April 27th without a will. Prince’s estate has been estimated to be worth at least $300 million.  When a person dies without a will (known as “intestate”), state law governs who inherits that person’s assets.  Prince died as  a resident of Minnesota, so Minnesota intestate law will control how his […]

Probating a Will

July 5, 2016

“Probate” is the legal process by which the validity of a will is established. This procedure is done at the county level and involves presenting the will, along with the testimony of two witnesses (whether in the notarized document, sworn affidavit, or in person) to the clerk.  As  long as there are no irregularities and […]

Where There’s a Will, There’s a Way

May 10, 2016

On April 21, 2016, we learned of the untimely death of Prince Rogers Nelson, the iconic musician, instrumentalist and artist popularly known as “Prince.” What we have since learned, to everyone’s surprise, is that Prince, who had a team of advisors, including entertainment and intellectual property lawyers, died without a Will. Unfortunately, the consequence is […]

What is a Power of Attorney? And Do I Need One?

April 18, 2016

What is a Power of Attorney?  A Power of Attorney is a legal document by which you give someone else the legal capacity to do things for you, in your name, as if you were doing them yourself. The person who gives the power is called the “principal.” The person who gets the power is […]

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