Saint Francis Estate Lawyer, Minnesota

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David Martin Bolt Lawyer

David Martin Bolt

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Accident & Injury, Divorce & Family Law, Estate, Elder Law, Car Accident

Before working as a Minnesota personal injury lawyer and wrongful death attorney, David Bolt represented insurance companies, railroads, and other per... (more)

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800-880-2190

Cathy Ann Wagner

Wills & Probate, Trusts, Divorce & Family Law, Business
Status:  In Good Standing           

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Becky L. Martin

Wills & Probate, Trusts, Divorce & Family Law, Business
Status:  In Good Standing           

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James William Hess

Business, Real Estate, Wills & Probate, Estate
Status:  In Good Standing           

Kristi Weikel

Litigation, Wills & Probate, Estate Planning, Business
Status:  In Good Standing           

David M. Cox

Landlord-Tenant, Wills & Probate, Divorce, DUI-DWI, Corporate
Status:  In Good Standing           

Joseph Adam Field

Estate, Wills & Probate, Estate Planning
Status:  In Good Standing           Licensed:  37 Years

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Daniel Scott Listug

Administrative Law, Estate Planning, Municipal, Business
Status:  In Good Standing           

D. Scott Berry

Construction, Estate Planning, Divorce, Collection
Status:  In Good Standing           

Steven Patrick Helseth

Estate, Elder Law, Wills & Probate, Guardianships & Conservatorships, Business
Status:  In Good Standing           Licensed:  13 Years

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LEGAL TERMS

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)
Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)
A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)
Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

NET ESTATE

The value of all property owned at death less liabilities or debts.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)
A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)
The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)
The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)
An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.