Estate Planning Attorney Elk River MN

Why do you need estate planning?

No matter how big or small, everyone has property that is important to them and is worth protecting. That property makes up your “estate” which is made up of everything you own, including but not limited to; your car, home, other real estate, checking and saving accounts, investments, life insurance, and personal belongings.

Estate planning is the process by which you prepare and implement written instructions to ensure your wishes are carried out in the manner you desire. A good estate plan does more than simply naming whom you want to receive your possessions after you die; it also:

• Names a capable person to handle your estate
• Provides instructions for your care if you become disabled before you die
• Names a guardian and financial manager for minor children
• Minimize taxes, legal fees and court costs

At Black Law, Estate Planning Attorney Elk River MN, we seek to learn what your wishes are and then craft a written plan which implements those wishes. We know and understand that each client’s circumstances are different. As a result, each plan is specifically designed to reflect each client’s instructions and goals.

Although not all estate planning techniques will provide for avoidance of a probate proceeding, even a simple, affordable, estate plan can provide you and your family peace of mind. Our attorneys will provide you with the guidance and information you need to begin developing a plan that is right for you and your budget.

Our estate planning attorneys are skilled in a wide range of estate planning and probate services to clients and are here to assist with the following:

• Simple Wills
• Complex Wills
• Trusts
• Health Care Directives
• Power of Attorney

When is the best time to prepare your estate plan?

Estate planning is not only for the “retired.” If you own a home, have children, have money in the bank, have investments, or if you are like so many Minnesotans and have a family cabin, you should have an estate plan. The time to start your estate plan is NOW!

What is Probate?

While a Will provides instructions on who is to receive your property, a probate proceeding may still be necessary depending on the specifics of the estate. Probate is the legal process by which the decedent’s estate is settled and title to property held in the decedent’s name, which has not otherwise been legally transferred, is transferred to heirs and beneficiaries under the supervision of the court. Most probate proceedings are not what you read in the news and can be a simpler process. However, legal guidance may be needed to help you through the probate process and take away the burden of handling an estate while still grieving over the passing of a loved one.

If you have a loved one that has passed away, with or without a Will, Black Law, Estate Planning Attorney Elk River MN, can help guide and assist you in the administration of the estate.

Oftentimes estate planning is intertwined with other legal areas such as real estate, business law and estate planning. Our general practice law firm can assist you with all aspects of the legal areas involved due to the diverse areas of practice at Black Law We are here to guide and assist you every step of the way. Contact us today at (763) 441-7040 for your free consultation.