Blaine Estate Planning Attorney
It’s never pleasant to think about your own death or a loved one passing away. However, estate planning is an important part of planning for your and your family’s future. To protect your loved ones and preserve your estate, don’t hesitate to speak with an experienced, sympathetic Blaine estate planning lawyer. At Trek & Trust Law, we’re here to help you find an estate plan that works for you while guiding you every step of the way.
Defining Important Estate Planning Documents
An estate plan is a way for you to create a legally enforceable set of instructions for what should be done after you have died. Estate plans can help your loved ones know how to handle your assets, businesses, minor children, and pets. Part of estate planning can also include outlining your wishes surrounding end-of-life care or what should be done in the event you are temporarily or permanently incapacitated.
In one study, 56 percent of respondents stated they don’t have a will or trust because it’s a low priority or they feel they don’t have anything of worth to leave behind. Only about 24 percent of Americans have a will, and 13 percent reported having a living trust. Regardless of how many assets you or your loved one may have, it’s a good idea to consider building an estate plan that makes sense for your circumstances.
Estate planning filings in Blaine, MN, are most likely to be handled by the Anoka County Courthouse, located at 2100 3rd Ave, Anoka, MN 55303. These are some common estate planning documents we can help you with at Trek & Trust Law:
- Wills: Also referred to as one’s last will and testament, this document allows you to name who is to inherit your belongings after you pass and who you would like to oversee the administration of your estate plan.
- Trusts: Minnesota has multiple types of trusts, including revocable living trusts. This type of trust allows your family to avoid the probate process by naming beneficiaries to receive certain assets placed in the trust.
- Powers of attorney: A power of attorney is a document that gives legal authority to a person of your choosing, allowing them to be your personal representative in instances where you cannot communicate your wishes.
- Medical directives: Sometimes called advanced healthcare directives, these documents can help you establish what medical treatments you do or do not want. Examples include invasive surgeries, end-of-life care, do-not-resuscitate orders, and more.
Working With a Skilled Estate Planning Lawyer
Estate law can be complex and difficult to understand at times, especially for those who aren’t familiar with the various laws and procedures involved. That’s why it can be incredibly helpful to work with an educated and experienced estate planning lawyer. A qualified lawyer can assist you whether you’re building your own estate plan or need help with probate or administering a loved one’s estate. For expert legal guidance on estate planning, probate, or estate administration, contact Trek and Trust Law today to protect your legacy with confidence.
How Much Does Estate Planning Cost in MN?
There is no standard pricing for the estate planning process in Minnesota. Typically, the cost of building your estate plan can vary depending on multiple factors. Factors that can influence price include how comprehensive you want your estate plan to be, how complicated the estate itself is, and how long it takes to finish making the estate plan. Smaller, simpler estates tend to require less detailed documentation and paperwork.
When your estate plan is more complex, it usually requires more time to finish your case. This can lead to more legal fees compared to a relatively straightforward case. Depending on your personal circumstances and needs, it may be worth purchasing an estate plan package that allows you to begin various documents at once, or it may be more cost-efficient to complete one document at a time.
FAQs
A: An estate planning document may refer to a person’s will, a revocable living trust, or other important estate law filings. An individual’s estate plan addresses their wishes for how they want their assets to be handled after their death.
Estate plans can also outline a person’s preferences for end-of-life care and appoint personal representatives to oversee their estate administration or important financial or healthcare decisions. Every estate plan looks different and may have various documents.
A: In Blaine, MN, you’re not legally required to obtain a will or begin an estate plan, but it’s generally advised for most adults with property to do so. Even if you don’t think there’s much for you to leave behind, a will can be incredibly helpful for your loved ones dealing with the legalities following your death. An estate plan can let others know how you want your assets to be distributed, avoiding internal disputes.
A: The decision to get a will and a trust may be good for you, depending on your personal circumstances. Generally, trusts are a good idea because they can save your family and loved ones a lot of time and costs involved with probate. Assets placed within a trust are not subject to probate, wherein property must be processed by the courts. Consult with an estate lawyer to see whether a trust may be useful.
A: You’re not technically required to work with an estate planning lawyer in order to build your estate plan or create a will. However, it’s a wise decision to work with an estate law professional when you are addressing such important issues. An estate planning lawyer can ensure your documents are coherent, legally binding, and enforceable. Additionally, if you need assistance with issues concerning a loved one’s estate, a lawyer is an invaluable resource to have.
Hire Kind and Skilled Estate Planning Lawyers
The team of estate planning lawyers at Trek & Trust Law has extensive experience helping clients from a variety of different backgrounds. We’re ready to help you and your family as well. Reach out to us today to schedule a meeting with a compassionate and knowledgeable estate planning lawyer.
