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Three Components a Basic Estate Plan Should Include
Having a Minnesota estate plan helps you maintain control over many elements of your life, including certain personal, medical and financial affairs. However, many people neglect to create estate plans, and they feel they lack the time or do not have enough assets to make estate planning worthwhile. In truth, though, everyone, regardless of income or asset level, benefits from putting together an estate plan, and a plan does not have to be lengthy or extensive to be effective.
What Tasks Come with Being a Personal Representative of an Estate?
When someone passes away, it requires settling their affairs and distributing their assets according to their wishes.
This responsibility often falls on the shoulders of an executor, the person designated to carry out these tasks. Being named as an executor comes with various duties and obligations that require careful attention and organization.