Estate Planning

Having a solid estate plan is something that many people throughout Minneapolis and St. Paul have done. However, there are others that haven’t or life has changed since the last time their will was drafted or updated.

Having an up-to-date estate plan can benefit you and benefit your family. It benefits you in that decisions are easily made in the case that you are incapacitated because you’ve already made them on your own. It benefits your family in that they don’t have to make very difficult decisions. When you pass away, your estate plan will outline what will happen to your assets. Having everything already laid out can minimize or eliminate conflict between members of your family.

If you are in need of an estate plan, the Krogh Law Firm can help you. By listening to your wants and needs in the case of incapacitation or death, you can have a solid estate plan put in place so that there are no questions about your desires.

Preparing The Necessary Documents Correctly

One major benefit of having a qualified attorney prepare your estate planning documents is the fact you know it will be done right. You also receive advice and guidance that will help you in the construction of your wishes. The following is what a properly prepared estate plan can provide you:

  • Prevent your estate from being excessively taxed after your death
  • Ensure that your wishes are followed in the case you become incapacitated
  • Medical decisions are already made by you and specified in legal documents
  • You can give a trusted person the authority to make decisions about your finances and medical care if you are unable to
  • You can make sure your beneficiaries receive the property you want them to receive after your death
  • You can name a caretaker for minor children

Wills, living wills and advance health care directives, deeds and contracts to transfer real estate, trusts (living trusts, revocable trusts, irrevocable trusts, special needs trusts, educational trusts, etc), and powers of attorney are among the many documents that can comprise your estate plan.

Experience That Works For You

When you opt to have your estate plan created for you, you are making a large step in the right direction. This is not just for people with a lot of assets, but for everyone so their wishes are known. If you already have an estate plan, it is good to have an experienced Minneapolis estate planning lawyer update your estate plan so it applies to the present rather than areas where it may now be irrelevant.

Contact A Minneapolis Estate Planning Attorney

Estate planning is a way for you to make provisions for your future and the future of your family. From wills and trusts to health directives and powers of attorney, having everything planned the way you need for your health and for your assets will take a lot of stress off of your family and will ensure your legacy moves forward the way you want it to. To learn more about estate planning and how it can benefit you, call the Krogh Law Firm, P.A. at 651-631-0500 to request a free consultation.