Transfers of Real Estate
For many people, their home is the largest asset they own. Because of the significant sentimental and monetary value of real estate, it is important to ensure that it gets passed on according to the wishes of the owner. Will and Trust provisions are one way to carry out an owner’s wishes for what happens to real estate after the owner passes away. Minnesota has also created two Will substitutes for carrying out wishes regarding real estate: The Transfer on Death Deed and The Retained Life Estate Deed.