Up to $15,000 in most cases
Conciliation court, also called “Small Claims” court, can be an inexpensive and simple way to convert collectibles into judgments. Beginning August 1st, conciliation plaintiffs will be able to claim up to $15,000 in most cases. For plaintiffs in consumer credit matters, the maximum claim will remain at $4,000.00. See Minnesota Statutes § 491A.01, subd. 3a.
Conciliation court is a less expensive and less formal type of court in which parties generally appear without an attorney. Individuals are allowed to represent […]
E-statements? Be sure to make a record of your accounts!
If you’re like me, you probably have most of your financial, insurance, and other accounts set to provide statements and communications to you electronically, rather than in paper statements. This is a great way to reduce clutter, allow access to those items from anywhere, and reduce your environmental footprint.
The problem with using electronic statements is that, when a person passes away, surviving family members may be unaware of the existence or provider of those accounts. In the past, family members could simply check the mail […]
Using Affidavits of Collection for Small Estates
Ordinarily, property belonging that is owned by a deceased person, but is in the possession of a third party (e.g. funds kept in a bank account) must be collected by a Personal Representative who has been appointed through the probate process. In some cases, however, assets may be collected without going through the probate process. When a deceased person’s estate has fewer than $50,000.00 in assets and does not contain real estate, those administering the estate may be able to collect assets from third parties by using […]