Estate Planning Lawyer St. Paul, MN
A St. Paul, MN estate planning lawyer would advise that individuals who own an estate should make early preparations for how they want their wealth and assets to be managed. If you have an income and multiple possessions, then you have an estate. Estate planning is a key part of financial planning that many people choose not to develop. To ensure your wealth and assets are handled according to your wishes, it’s important that you create an estate plan while you are healthy enough to communicate your needs related to topics like asset division and future healthcare treatments. Discuss your plans with an attorney who has years of legal experience, such as one at Johnston Martineau, PLLP.
Estate Planning Lawyer in St. Paul, MN
The legal team at Johnston Martineau, PLLP has served numerous clients, working on a wide range of specialties. They believe in making sure that every client’s voice is heard and that their needs are met. Every person deserves to work with a lawyer who will be fully available and transparent with them throughout the case. Learn how you can benefit from quality legal services by scheduling a consultation.
Who Needs an Estate Plan?
Estate planning refers to the development or arrangement of legal documentation that includes important information about how an individual’s total net worth is handled, especially at the time of their passing. An estate plan is not just about ensuring your values are understood, but it is also about protecting your loved ones.
There are a number of determining factors that may be at play to see if you would benefit from an estate plan. If you have specific directions for how your possessions should be passed down to your family, then it may be wise to draft an estate plan. A St. Paul, Minnesota estate planning lawyer would recommend that you consider the following if you are not sure whether an estate plan is advantageous for you:
- Family planning. Are you and your partner planning to have children? If so, having an estate plan would allow you to name guardians, establish wills, and other actions to ensure that your children are provided for.
- Estate value. Individuals who have an estate of considerable size may opt to create an estate plan because of the amount of assets that need to be managed. Laws are constantly being updated, so depending on the value of your estate, you may benefit from a comprehensive estate plan to better manage your asset division.
- Preparation for your needs. Estate plans are useful for providing detailed instructions regarding healthcare decisions to be made later in your life. This includes documents like a power of attorney that specifies who can determine the type of medical treatments you want performed on you should you become incapacitated.
- Charitable giving. Are there specific organizations or charitable causes you want to donate to? You can communicate your philanthropic preferences in an estate plan.
Schedule a Free Consultation
There are numerous benefits to estate planning that can resolve many of your financial concerns. Talk to an estate planning lawyer trusted by St. Paul, MN residents such as one from Johnston Martineau, PLLP to discuss your options.