Achieve Peace of Mind for a Peaceful, Private Estate Settlement for Your Family
At MN Estate Services, we provide essential, vital, and comprehensive estate planning services for our clients across Minnesota. We are not, nor do we pretend to be attorneys. We specialize in estate planning in all avenues of funding for both Revocable Living Trusts and Irrevocable Trusts.
We provide a variety of estate planning and consultation services to individuals and families regarding the management of their estates based upon an analysis of your current situation, goals, and objectives. Estate planning is the process of anticipating and arranging during your life for the orderly management and disbursement of your estate after your death or during any period of disability. This eliminates uncertainty concerning the administration of your estate and reduces expenses.
Answering Your Questions About Estate Planning
Are you concerned about...
- Avoiding Probate?
- Eliminating Guardianship?
- Saving Taxes?
- Protecting Your Heirs?
What Is a Revocable Living Trust?
A Revocable Living Trust is a legal document that, just like a Will, contains instructions for what you want to have happen to your assets when you die. But unlike a Will, a well written and properly funded Trust avoids probate at death, controls your estate, and prevents the court from controlling your assets if you become incapacitated.
I Have a Will, Why Should I Want a Trust?
A Will is only a first step and is simply a set of instructions for a judge to enforce. Many people don't realize that a Will must be verified and approved by a Probate Court before it can be enforced.
Also, because a Will only goes into effect after you die, it does not provide any protection should you become incapacitated. In such an event, your loved ones would have to institute a Legal Guardianship in order to take over your affairs. Guardianship is a legal proceeding with a judge overseeing and approving the administration of your estate.
A Revocable Living Trust is an alternative estate planning tool. Unlike a will, a Revocable Living Trust avoids guardianships and probate. It is a proven method that can eliminate the need for court oversight and supervision should you become incapacitated or after you die.