Full-Service Probate Law Firm Attorneys Dedicated to Wayzata
Watch Keith Cambre address estate planning questions:
- What’s the difference between testacy and intestacy and why is it important?
- What’s a “Transfer on Death Deed?” and what are the reasons to use it?
- What should be included in your health care declarations?
- What advice do you give clients concerning estate administration?
- What’s the range of costs for doing proper estate planning and how does that compare to the potential cost to your heirs if you don’t do a proper estate plan?
Protecting Your Legacy
Merrigan, Brandt, Ostenso & Cambre, P.A. can help you and your family with your estate planning needs. Our attorneys have over six decades of experience and understand the complexities of Minnesota probate law. We routinely help clients prepare wills, trusts, powers of attorney, living wills, and other estate planning documents. We are also experienced in handling guardianships and conservatorships.
Trusts & Wills
Planning for your death is not only responsible; it’s also a kind gesture to your family that you have thought about and cared for their well-being even after you’re gone. The decisions you make now will provide peace of mind that your wishes will be carried out and lessen the risk of disagreements between family members. A typical estate plan often includes wills and trusts:
Trusts — A trust is a legal mechanism to distribute your assets. It allows property to be held by one party (the trustee) for the benefit of another (the beneficiary). There are a number of different types of trusts, including revocable, irrevocable, living and testamentary trusts. As the name implies, a living trust is a trust made while the person establishing the trust is still alive. Conversely, a testamentary trust is created by a will after a person’s death. While each has its own purpose, they generally help avoid probate (court-supervised distribution of assets), control inheritance, or minimize tax consequences.
Wills — A will is a legal document that transfers certain property following a person’s death. If you die without a will, your estate is divided among your closet relatives in accordance with Minnesota’s inheritance laws. Wills vary in complexity, but generally name an executor, appoint guardians for children and leave property to designated beneficiaries. In Minnesota, you must be at least 18 years old and of sound mind to make a will. You must sign the will in the presence of two witnesses, who must also sign the document.
Contact our Estate Planning Lawyers for Trusted Advice
By spending time planning for what lies ahead, you get peace of mind knowing your family and assets will be looked after well. We can help you build a personalized estate plan that works for your unique circumstances.