Estate Planning Lawyer Minneapolis, MN
A trusted estate planning lawyer in the Minneapolis, MN community would encourage anyone who intends to give their assets to relatives, loved ones, and other named individuals to develop an estate plan. Estate planning is a topic that is often overlooked. Many people don’t think about drafting an estate plan until later in life. However, it’s never too early to think about the future and initiate the legal process, which may take quite a while to complete. Estate planning can be an intimidating and uneasy process to think about, but a lawyer can explain to you about the required information and documents you need to have. If you are in need of legal assistance to set up your estate plan, a qualified and experienced lawyer such as one at Johnston Martineau, PLLP is there to support you through each step.
Estate planning lawyer in Minneapolis, MN
The dedicated attorneys at Johnston Martineau, PLLP have decades of experience assisting clients with a spectrum of practice areas. They are committed to understanding their clients and providing them with customized legal support. Their firm offers a range of legal services to address clients’ various concerns. They look forward to working with you.
What is Estate Planning?
An estate consists of the money, property, and other assets that comprise the net worth of an individual. Estate planning refers to the process of making legal arrangements so that one’s estate can be managed and redistributed at the time of their death. A Minneapolis, Minnesota estate planning lawyer would advise that anyone who has an income and assets can and should create an estate plan.
Not everyone needs an estate plan however, so the decision to create one is up to each individual. When establishing an estate plan, there are several major factors to keep in mind. It’s not only about the size of your estate, or even the number or estimated value of your assets. If you have children, grandchildren, or other dependents, estate planning can prevent future legal troubles and give you peace of mind about the future.
There are many advantages that an estate plan offers. Some of the things you can do with an estate plan include the following:
- Plan for your needs
- Protect your wealth
- Protect beneficiaries
- Transfer property
- Prevent family disputes
- Simplify the probate process
- Address privacy concerns
- Reduce taxes and expenses
- Anticipate incapacitation
The Role of an Estate Planning Lawyer
Asset division and other financial planning necessities are not easy to achieve on your own. There are many terms to learn, court processes to follow, and paperwork to sort out. Having a lawyer by your side throughout the estate planning process makes the work much more manageable. There are a number of ways an experienced lawyer can assist you. They can help you explain legal procedures and terminology, draft documents, review your financial information, and prevent issues relating to matters like conservatorship.
Reliable Legal Assistance is Available
Preparing for the future of you and your loved ones is critical. It may seem like an overwhelming task, but if you get started now, you can prevent many issues from occurring down the road. Don’t wait another day to optimize your estate plan. If you would like an in-depth explanation about what a lawyer can help you with, contact a top estate planning lawyer that Minneapolis, MN residents rely on.