Estate Planning Attorney MN
Estate planning can be difficult to think about, but it is made much easier when you hire an experienced law firm to assist you in planning; your estate planning attorney in Minnesota will guide you through the process and know the ins and outs of the legal system that you need to be aware of when figuring out how to leave your belongings to loved ones.
What Does an Estate Planning Lawyer Do?
A law firm that specializes in estate planning will help make sure all of your assets will be passed on to your loved ones when you are no longer around. A lawyer can help you figure out the best way to divide assets and explain all the different options to you so that you can make the right decisions for you and your family. An estate planning lawyer can help you:
- Create a will
- Protect your belongings
- Give property to others
- Reduce the amount of taxes your family members will pay on your estate
- Make a plan in case you are ever involved in an accident that leaves you incapacitated
- Avoid having family members argue about your estate after you have passed
There are many other things that go into estate planning, but these are some of the basics. We will look at all of your concerns and figure out solutions to each of them during a consultation. Estate planning is not fun, but when you look at everything with a matter-of-fact angle with an attorney it becomes a little easier. The lawyers at Johnston Martineau, PLLP are very experienced in dealing with people of all backgrounds and with all different types of assets that need to be protected. We can help you figure out how to divide them among loved ones and how to make the process go smoothly when the time does come to divide your possessions.
When Should You Begin Creating an Estate Plan?
It is never too early to start planning how you want to take care of your friends and family after you are gone. Life is unpredictable, and even if the odds are that you will be around for a long time, it can still bring peace of mind knowing exactly where your assets will be distributed after your passing. By creating a plan for your assets, you can know that no matter what things life throws your way, your family will be protected.
Contact Johnston Martineau, PLLP Today for Your Estate Planning Needs
Contact an estate planning attorney in Minnesota from Johnston Martineau, PLLP today to see how we can begin working with you on your will. Our experienced attorneys will make sure you have all of the important information that involves planning an estate and that your family will be taken care of, even after you are gone. We can answer all of your questions and find solutions to any concerns you have about how you want your assets to be distributed. Call today to get started.
As we grow older, we have more questions about our future – and an estate planning attorney in Minnesota can provide all the answers you need. Once we start feeling our age, we begin to wonder about our family, especially how we can best look after them after we’re gone. It’s a sobering thought, but it’s better to have a plan than to leave things to chance.
You may be wondering about who will care for your children, your grandchildren, or even your great-grandchildren after your death. And you may also be wondering how you can care for your family if you start losing your ability to care for yourself. There are many uncertainties when planning out your future, but you can leave behind proper instructions for your loved ones to follow after your death.
An estate planning attorney can help you create a will, but they can also help you plan for any emergency that would cause you to be incapacitated. While you might only think of an estate planning attorney in Minnesota as a resource for planning for after your death, they can help plan for any events that could lead to your death in the first place.
Durable Power of Attorney
When someone is incapacitated, they need a trusted individual to make decisions on their behalf. A power of attorney is a document that legally entrusts this responsibility. An estate planning lawyer can help you choose who would be best suited for the job. It can be overwhelming, but if you choose the right person to manage your affairs, you can be confident that they’ll make the right decisions and look after your loved ones and your assets.
A durable power of attorney is a power of attorney that goes into effect when you are deemed unable to care for yourself. If for any reason you’re no longer able to handle your personal, financial, or legal matters, the individual with a durable power of attorney will take over. This is an important consideration if your family has a history of neurodegenerative diseases, such as Alzheimer’s or dementia.
A durable power of attorney is a great way to make sure your estate is handled if you’re no longer able to do so yourself. But an estate isn’t everything: You have children, grandchildren, and other relatives that may have been relying on you for anything from shelter to financial support. It’s important to make sure they’re looked after as well, and that’s what makes guardianship so necessary.
A guardian is an individual that is named to take care of any dependents. This can include children, elderly relatives, and adults with disabilities. There are two different types of guardians: a guardian of the person takes care of an individual (or multiple) people named in the will; a guardian of the estate handles finances connected to your estate. In both cases, appointing a competent guardian that you can trust means less uncertainty about your own future and a better future for your family.
Choosing The Right Guardian For Your Minor Children
If you have minor children, choosing their guardian if you pass away is possibly one of the most important aspects of estate planning. Perhaps you have many great family members and think it does not matter if you assign a guardian or not because any of them will be great. Or, you may have certain family members you do not want to have guardianship over your children. In either case, it is always best to sit down and consider who may share the same parenting goals as you and who would raise your children in a loving home.
What should you consider when choosing a guardian?
When you are choosing who you want to be the guardian of your children, there are a few things you should keep in mind.
- Their location. Location does not necessarily have to be a deal-breaker, but it can be important when it comes to raising your children. You may not want your children to move all the way across the country. Or, perhaps you want your children to live with someone who will ensure they see both sides of the family often.
- Their age. For many people who had great upbringings, they may think they will name their parents as the guardians. However, you want to consider that you want the guardians you name to be able to raise them and grow up with them. It is important to remember that your parents, however loving, may have medical issues or may not be physically capable of raising your children.
- Their morals and beliefs. This is another important aspect when it comes to what kind of home your children should be raised in. Consider your own political, moral, and religious choices and then think about which family members may share those beliefs. If you would be uncomfortable with certain family members raising your children, naming a guardian who will raise them in a similar household to yours is paramount.
Do I need an alternate guardian?
It is always best to have multiple people in mind and backup options. In the event that your primary guardian chooses not to accept the position, they become incapacitated, or pass away, you want to know that someone else will be able to step in and fill this role. While you are not required to have a second option listed, it may give you peace of mind as you navigate the estate planning process.
Reach Out to an Estate Planning Lawyer Today
Planning for your future can be intimidating, but you don’t need to do it alone. With the right legal counsel, you can draft a durable power of attorney and provide instructions for guardianship you can trust. Reach out to Johnston Martineau, PLLP today, and see how an estate planning attorney in Minnesota can help you and your family.