Minnesota Estate Planning / Wills / Trusts Lawyers
Estate planning is one of the best things you can do for yourself and your family. You have the peace of mind that your family is taken care of after you have passed on, and they know what to do instead of having to guess.
It is though wills, trusts, and a number of other instruments that you can make provisions for your affairs at the end of your life. You can designate who will be the beneficiaries of monetary accounts. You can also say who will receive which assets, as well as designate a person to administer the estate so that everything gets to where it needs to go.
With the help of a St. Paul estate planning lawyer, you can make you arrangements in ways that work for you and your family. You will be given the proper advice based on your current assets and monetary accounts. From there, you can rest assured that things will be taken care of the way they should be.
Full-Service Estate Planning
Your attorney will help you evaluate every facet of your life to ensure that everything is covered. One of the first items that need to be taken care of is your will. This is where you state your wishes. Any time something changes in your life, your will must be updated. Those changes could be marriage, divorce, children, new assets, or loss of assets. The same applies if you have any trusts. Other things that you can do when you plan your estate include:
- Create health care directives so that your end-of-life wishes are carried out.
- Create Powers of Attorney
- Make sure beneficiaries of life insurance policies are correct.
- Designate, confirm, or update the beneficiaries to your retirement accounts
Your Twin Cities estate planning lawyer will help you ensure that everything is as thorough as possible. Being thorough can keep the estate out of probate, thus saving your family a lot of time and work. Trusts that are fully funded are great tools at keeping estates out of probate.
Guidance Through The Probate Process
If the estate would go into probate, our attorneys can help the executor, or personal representative. It is very difficult for the personal representative to go through the process by themselves, so having an attorney guide them through can make the process move along much smoother. Probate can be confusing, so it is best to relieve as much of that confusion as possible by giving assistance when filling out documents, contacting beneficiaries, obtaining the estate’s tax ID, sending notice to beneficiaries, taking an inventory of the assets, selling assets when needed, and filing the decedent’s last income tax return. When the process moves smoothly, the administrative tasks can stay at a minimum.
Contact Tilton & Dunn, PLLP For A Free Consultation
Estate planning can take a great burden off of your family. They know what you want and how you want it, so it makes carrying out your final affairs much easier than it would be otherwise. This is one of the greatest things you can do for your family. If you do not have an estate plan or need to revise your plan, Tilton & Dunn, PLLP can help you. To learn more, call us at 651-224-7687 for a free consultation.