Date : Apr 26, 2016
Tim Ridley, a Meagher & Geer partner who leads the firm’s Wills, Probate, Estates, Trusts and Related Litigation practice, spoke with Twin Cities radio station WCCO’s Moose Miller on April 26, 2016, explaining estate and probate issues related to Prince’s estate.
Numerous issues have arisen since the death of Prince. His sister has petitioned for the appointment of a Special Administrator due to the alleged lack of a will. Ridley discussed the differences between a Special Administrator and an Executor. He also discussed the implications of an intestate administration (one without a will), the impact of step-siblings on the process, and the potential estate and income taxes that may be due both to the Federal and State taxing authorities. Finally, he emphasized the difficulties that will be incurred in the event Prince did die without a will. Hear the full Ridley WCCO interview, click here.
For more than 30 years, Tim has focused his law practice on wealth management and probate, including the preparation of wills, trusts and estate plans for individuals – as well as related litigation.
There are 80 lawyers at Meagher & Geer, practicing in more than 20 areas. Founded in Minneapolis in 1929, with additional offices in Phoenix, AZ and Bismarck, ND, Meagher & Geer has earned a reputation as one of the country’s leading litigation defense and insurance coverage firms, receiving assignments from more than 125 U.S. insurance companies, and often from insurers based in London, Canada and Bermuda. The firm regularly represents businesses of all sizes, public entities, non-profit organizations, and individuals.
The firm’s attorneys are licensed in many states, including Arizona, California, Georgia, Iowa, Illinois, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York, North Dakota, South Dakota, Texas, Utah, Virginia, and Wisconsin. Meagher & Geer lawyers have been awarded high rankings in Chambers USA, Martindale, and U.S. News – Best Lawyers®. The firm tries cases, having taken more than 200 cases to verdict in the recent past. The firm has handled even more appeals.