Estate planning is a very important step that you can take for you and for your family. It doesn’t matter if you are wealthy or not because everyone who has assets, life insurance, or even the smallest amount of property or debt needs to make sure that everything is taken care of accordingly after their death.
Also a part of an estate plan is orders in case you would become incapacitated. Making sure that you plan accordingly means that your family will not be faced with difficult decisions. A Minnesota estate planning attorney at Kelly & Lemmons, P.A. can help you draw up a comprehensive plan that will ensure your future and the future of your family is a solid one.
Knowledgeable And Skilled Minnesota Estate Planning Attorneys
Even if you already have an estate plan in place, it is good to have your current plan evaluated. The reason is because things do change throughout your life. The estate plan that you had drawn up five years ago may not apply to today. Perhaps your family dynamics changed due to the birth of a child or you may have gotten divorced. If your assets have changed, then you will need to include those in the plan.
What we will do is take the time to understand your goals and then utilize the right tool to make sure you receive the best estate plan possible. If your goal is to keep your assets out of probate so your family does not have to go through the probate process, then we can establish trusts to do this.
Helping Clients Plan For The Future
As a part of your estate planning, you can establish a Power of Attorney, medical directives, and anything else that you need in case you would become incapacitated. By having these documents in place, you can keep your family from having to make difficult decisions that they may not want to have to make.
By putting in place a proper estate plan, you can accomplish the following:
- Minimize estate taxes
- Ensure your family is taken care of
- Make contributions to charity
- Leave a legacy
- Coordinate with retirement and pension plans
- Nominate a guardian for minor children
- Nominate an individual to handle estate administration and financial affairs
- Give your family the health care directives and other legal documents required for medical decisions to be made on your behalf
- Create postnuptial and antenuptial agreements as they apply to your estate plan
We have helped clients throughout Minneapolis, St. Paul, and western Wisconsin establish estate plans and we have helped loved ones handle the probate process and administer the estate.
Contact A Minneapolis Estate Planning Lawyer
Having an estate plan in place is important for you and for your family. By planning ahead, you are making sure that your family has fewer technicalities to deal with in the event of your death. This means that they can focus on what is the most important and not get tied up with details. To learn more, call the office of Kelly & Lemmons, P.A. at 651-224-3781.