A will is a legal document that allows you to state how you would like your assets to be distributed at the time of your death. Assets distributed by your will go through the probate process after your death.
A trust is a legal entity you can create to transfer assets to a trustee either during your lifetime or after your death. Assets you transfer to the trust do not go through the probate process.
Estate planning involves considering your options and deciding on the best way to plan for transferring your assets to others after your death.
Probate is a legal process by which the court oversees the distribution of your estate after your death.
Powers of Attorney
A power of attorney is a legal document that allows you to authorize someone else to handle your financial affairs. The document can continue to be effective if you become incapacitated. It does not continue to be effective after your death.
Health Care Directives
A health care directive is a legal document that allows you to state your views and wishes regarding your health care. It also allows you to name a person to make health care decisions for you in the event you are unable to communicate your wishes.
A guardianship proceeding is a legal process by which the court appoints a person to make decisions about an incapacitated person’s residence and personal care.
A conservatorship proceeding is a legal process by which the court appoints a person to manage an incapacitated person’s financial affairs. Special Needs Trusts: A special needs trust is a particular type of trust that can be set up to benefit a person with disabilities while preserving the person’s eligibility for government programs.
Medical Assistance Planning
Medical Assistance is Minnesota’s Medicaid program, a publicly funded health care program that pays all or part of a qualifying person’s medical expenses. Medical Assistance planning advice addresses eligibility, asset preservation and gifting.
Real Estate Matters
Real estate matters may involve clearing a title, assisting with deeds, removing a deceased person’s name from a title, or transferring title.