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Elder Law Lawyer St. Paul, MN

Elder Law Lawyer St. Paul, MN

An elder law lawyer established in St. Paul, Minnesota encourages individuals to consider if an estate plan is right for them. Many people assume that an estate is only reserved for the wealthy, but in fact, any person with an income and assets like a car, house, or real estate, may benefit from creating an estate plan. An estate plan is one way that elderly individuals and their loved ones can secure their wealth for their family, as well as anticipate important life events. If you don’t know if an estate plan is something you should create as part of your financial planning strategy, then it may help to consult a lawyer who specializes in elder law, such as Johnston Martineau, PLLP.

Elder Law Lawyer in St. Paul, MN
The term estate may conjure images of expensive houses and fancy cars. It is a misconception that only high-income individuals have an estate. An estate simply refers to all the possessions a person has accumulated or acquired in their life, particularly at the time of their passing. It can consist of things such as cash, vehicles, houses, property, stocks, and life insurance. Taking the early steps to secure your estate is encouraged if you want to avoid dealing with potential legal problems that may occur. 

Benefits of an Estate Plan
Estate planning is useful for many reasons. The goal of estate planning is to enhance protections of your wealth and ensure that your assets are handed down to your family without issue. It also allows you to put instructions regarding decisions concerning your long-term healthcare needs on record, such as life support. A detailed, carefully developed estate plan can address many topics, such as:

  • Naming beneficiaries
  • Providing for your family
  • Reducing taxes
  • Minimizing expenses
  • Preventing family arguments
  • Transferring assets
  • Donating to charity
  • Protecting your business
  • Preparing for retirement
  • Planning for incapacitation

Do I Need an Elder Law Attorney?
It can be difficult to know how to best approach estate planning, especially for the elderly and their families. Obtaining legal help from an experienced lawyer who can offer guidance and propose solutions that address your particular needs can streamline the process. An attorney like one from Johnston Martineau, PLLP can evaluate your unique situation. In addition to estate planning, the following are topics that a St. Paul, MN elder law lawyer can help you with:  

  • Drafting legal documents
  • Creating a power of attorney
  • Health care planning
  • Advanced directives
  • Choosing a nursing home 
  • Guardianship
  • Understanding patient rights
  • General financial planning

A Trusted Legal Team
If you are elderly or have an elderly loved one, it may be beneficial for you and your family to consult with a lawyer about estate planning or other topics within elder law. It can be a challenging topic to discuss, but it is important that you talk with your loved ones about planning appropriately for the future. Let an experienced and trusted attorney guide you through your estate planning goals and other important matters. To discuss your legal options, contact our office at your convenience to schedule a free consultation to get started. 

 

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