by ssmnlaw | Dec 5, 2018 | Uncategorized
DUTIES OF AN ATTORNEY-IN-FACT (the person to whom a power of attorney is granted) In general, when someone (the principal) executes a power of attorney they grant the attorney-in-fact (the person to whom the power of attorney is granted) potentially broad powers to...
by ssmnlaw | Dec 5, 2018 | Uncategorized
In general, a trustee’s duties are to administer the trust; specifically to hold, administer and distribute the assets of the trust estate in accordance with the trust agreement and applicable law. Various statutory provisions, portions of which are set forth below,...
by ssmnlaw | Dec 5, 2018 | Uncategorized
In general, a personal representative’s duties are to probate the decedent’s will; specifically to inventory and determine the value of the assets of the decedent’s estate, take possession of those assets, determine the liabilities of the estate and make arrangements...
by ssmnlaw | Nov 9, 2018 | Uncategorized
A company’s existence begins when its Articles of Organization or Incorporation are filed with the Secretary of State. Intentionally or not, the life span of that company will vary. Companies cease business operations for a variety of reasons. Maybe there was a sale...
by ssmnlaw | Oct 3, 2018 | Uncategorized
If you have a cabin, it is likely that you’ve planned family weekends throughout this summer and are about now closing the cabin for the season. But have you put thought into how your cabin fits into your estate plan? If you have any thoughts about passing the cabin...
by ssmnlaw | Jun 11, 2018 | Uncategorized
A recession is coming. Not to be an alarmist, but history has proved that there is always a recession on the horizon. And considering that we’ve been riding a wave of prosperity for longer than the historical norm, a recession is likely to be coming sooner than later....
