ESTATE PLANNING PLYMOUTH, MN
The Last Will and Testament
``There's No Such Thing as a Simple Will``
These were some of the first words said to me when I started estate planning. And so far, it’s true. Just as there are many options for what you can do with a will, there are many pitfalls that can make a will unenforceable if not avoided.
What is a ``Will``?
A will is essentially a letter to the Court saying where you want your property to go after you die.. It must be drafted and executed to very specific standards otherwise it may be worthless. Without a will, your property will be distributed according to the Minnesota intestacy statutes – a government-made list of who gets your property when you die without proper planning. A well-crafted will can make sure that your property goes where you want it to go after you die.
``There's No Such Thing as a Simple Will``
These were some of the first words said to me when I started estate planning. And so far, it’s true. Just as there are many options for what you can do with a will, there are many pitfalls that can make a will unenforceable if not avoided.
What is a ``Will``?
A will is essentially a letter to the Court saying where you want your property to go after you die.. It must be drafted and executed to very specific standards otherwise it may be worthless. Without a will, your property will be distributed according to the Minnesota intestacy statutes – a government-made list of who gets your property when you die without proper planning. A well-crafted will can make sure that your property goes where you want it to go after you die.
What Does a Will Do?
A WELL-CRAFTED WILL SHOULD ADDRESS FOUR KEY AREAS
DISTRIBUTE PROPERTY
DESIGNATE GUARDIANS FOR MINOR CHILDREN
NAME A PERSONAL REPRESENTATIVE
ESTABLISH TRUSTS
Wills Require Careful Drafting
If your will is poorly drafted, then there can be unfortunate consequences for your loved ones. For an estate greater than $75,000, distributions under wills must be approved by the Court in Probate. If your will doesn’t meet the strict standards required by law, then it may be deemed void. This could result in your assets going to the wrong people, such as a disinherited child or even an ex-spouse if you’re not careful. Even minor ambiguities can invalidate part or all the will. When properly crafted and executed, a will is a powerful tool for managing your estate when you die. Here at Signature Law, we work with you to make sure that your will is effective and ensures your legacy is protected as you desire.
Wills Require Careful Drafting
If your will is poorly drafted, then there can be unfortunate consequences for your loved ones. For an estate greater than $75,000, distributions under wills must be approved by the Court in Probate. If your will doesn’t meet the strict standards required by law, then it may be deemed void. This could result in your assets going to the wrong people, such as a disinherited child or even an ex-spouse if you’re not careful. Even minor ambiguities can invalidate part or all the will. When properly crafted and executed, a will is a powerful tool for managing your estate when you die. Here at Signature Law, we work with you to make sure that your will is effective and ensures your legacy is protected as you desire.
I came to Greg for end of life wishes and estate planning. Greg asked a number of questions about my estate size, family, and dependents to determine what was best for me. He was very helpful and his guidance helped me to decide on the right documents for me. Greg drafted and submitted a will, a trust for my house and a health care directive. I was very satisfied with the entire process, and would certainly recommend his services.
– Coleen H.
Let’s Start Drafting Your Will Together
At Signature Law, we strive to make sure that your will fulfills your final wishes in how you want your legacy to be. A carefully crafted will can make sure this happens. If you would like to discuss how a will can be the cornerstone of your estate, then we’re ready to help. Simply schedule a free consultation where we’ll discuss our process for getting started and answer any of your questions.