Estate
Planning Tools | 218-829-3477
Wills
A will is a good tool to provide for the distribution of your estate. In Minnesota, the law allows parents to identify
their choice of a guardian for a minor in a Will. It is terrible for a child to lose a
parent, but even more catastrophic for a child to be left with uncertainty as to
the caregiver. A will provides an opportunity to appoint trusted loved ones.
Trusts
A Trust is helpful in
avoiding probate court and administration costs. Although trusts can be more expensive
to set-up, they can result in significantly less expense in the long-run. A
Trust is an especially good tool for those who own real estate, especially in
more than one state. Many people use a Trust avoiding expensive probate costs.
Probate
If someone in your family has passed away, the estate may need to be
administered through the court process. This is typically referred to as
probate. There are many types of probate proceedings. If you are the person
elected to be the executor, personal representative, or administrator, we can
help you with probate. The typical probate can be rather lengthy. It helps to
have someone with experience to guide your way through the process. |