A Will is a legal document that, among other things, determines how your property is transferred when you die. If you die without a Will, Minnesota’s inheritance or intestacy laws will determine how your estate is handled and distributed. One of the major practical reasons to have a Will is that a Will allows you to designate key people to administer your estate. This includes the personal representative (executor) of your estate who will be responsible to locate and identify all of your assets as well as your liabilities, will be responsible to pay your estate’s expenses and distribute your assets as directed by the Will. A Will also allows you to nominate a guardian, if you have minor children, to take care of them when you are gone. A Will allows you to transfer property to people of your choosing, including those persons who are not related to you.
Wills In Minnesota
In Minnesota, for a Will to be valid, the person making the will (testator) must be: 1.) Eighteen years old; 2.) The Will must be in writing; 3.) The Will must be signed by the testator, another person at the testator’s direction and in the testator’s presence or by the testator’s conservator pursuant to a court order; 4.) The Will must be witnessed by at least two people who must also sign the Will; and 5.) The testator must intend for the actual document to operate as a Will.
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*This material is educational only, it does not constitute legal advice, it should not be relied on and it does not create an attorney-client relationship.