Individuals who are making a will and reside in or own property in Minnesota may wish to understand more about the probate process. After an individual's death, it may be necessary to settle the estate in court, and this process known as probate. Some wills must be filed in probate court, and once the assets are distributed and debts are settled, probate ends.
Minnesota readers might be interested to know about a part of estate planning that many people do not consider frequently. Social media and a person's internet presence has become very important, and certain difficulties might arise if a person does not consider provisions regarding those accounts during estate planning. There have been many cases where people have died unexpectedly and their families have been denied access to their email, Facebook and Twitter accounts.
The way assets are passed down has changed in recent decades due in part to the changing nature of the family. Families are smaller today than they were forty or fifty years ago and many women are choosing not to have children.