21 04, 2022

Can you sue a trust?

2022-04-21T18:36:53+00:00By |Trusts|

What is a trust? A business entity, such as a corporation or LLC, is a paper person—a “thing” in its own right. In Minnesota, a trust is not. A trust is not a “thing” or a person under the law. A trust is a property relationship involving three roles: settlor, trustee, and be [...]

10 11, 2021

Geyen and Its Impact on Planning with Irrevocable Trusts in Minnesota

2021-12-28T19:18:14+00:00By |News, Trusts|

Changes to Irrevocable Trusts in Minnesota Minnesota Statute section 501C.1206 states that an irrevocable trust created on or after July 1, 2005, by a Medical Assistance applicant is revocable for the sole purpose of Medical Assistance for Long-Term Care (or Alternative Care) [...]

30 11, 2020

What is the Difference Between an Oral Trust and a Constructive Trust?

2020-12-17T16:07:58+00:00By |Trusts|

In Minnesota, a will must be in writing. Minn. Stat. § 524.2-502(1). Unlike a will, a trust can be created either orally or in writing unless the trust would change an interest in land. Minn. Stat. § 501C.0407. Trusts created only orally are called “oral trusts” and have sett [...]

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