What Is Probate in Minnesota? - PowerPoint PPT Presentation

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What Is Probate in Minnesota?

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This presentation talks about probate in Minnesota, who manages the probate process and why you would want to avoid probate. – PowerPoint PPT presentation

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Title: What Is Probate in Minnesota?


1
WHAT IS PROBATE IN MINNESOTA?
Basic Concepts And Questions
2
PROBATE
3
WHAT IS PROBATE?
4
PROBATE is the legal process that applies to the
property a deceased person leaves behind
5
All states have their own probate laws and
procedures, as well as specific courts that only
hear probate cases
6
ESTATE REPRESENTATIVES
7
WHO MANAGES THE PROBATE PROCESS?
8
Once you die, someone will have to go to court
to initiate probate and take control over the
property you left behind
9
This person is given the legal authority to
manage the estate by the probate court, and is
known as the executor, estate administrator, or
personal representative
10
LIVING PROBATE
11
WHAT IS A LIVING PROBATE?
12
Most probate cases involve the estates of a
deceased person, but probate courts can also hear
cases involving people who arent dead
13
These cases, informally known as living
probate, usually involve people who have been
incapacitated and who need the court to appoint
someone to represent their interests
14
AVOIDING PROBATE
15
WILL ALL MY PROPERTY PASS THROUGH PROBATE?
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NO
17
Some property will not have to go through the
probate process
18
Further, you can create specific estate planning
tools that will allow you to take property that
would normally have to be probated and pass it to
your heirs outside of the process
19
LEARN MORE ABOUT PROBATE IN MINNESOTA
20
CLICK TO VISIT GERMANLAWGROUP.COM
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