Klemp & Stanton

How Is Property Divided in a Minnesota Divorce?

How Is Property Divided in a Minnesota Divorce?

Most people assume everything is split 50/50 in a divorce. It’s not that simple.  That’s the expectation going in — and in some cases, it’s close to what happens. But Minnesota law doesn’t require an equal division of property during a divorce. It requires a division...

What Is a Real Estate Purchase Agreement?

What Is a Real Estate Purchase Agreement?

When you’re buying or selling property, the purchase agreement is often treated like a formality — something to sign once the price is agreed on.  It’s not.  The purchase agreement is the document that defines the entire real estate transaction. It outlines what’s...

What Happens If You Die Without a Will in Minnesota?

What Happens If You Die Without a Will in Minnesota?

Most people know they should have a will. Far fewer understand what actually happens if they don’t.  If you die without a will in Minnesota, you are considered to have died “intestate.” That means state law — not you — determines who receives your assets, who manages...