The Time To Plan Is Now: Wills And Trusts
With more than 35 years of legal experience, I focus on providing individuals with efficient, qualified representation designed to best fit their particular needs. I am attorney Diane Kaer, founder of Kaer Law, P.C., and I am currently accepting Minnesota probate and estate planning clients in Hennepin, Dakota, Washington and Ramsey counties.
The Benefit Of Having A Will
Many people avoid obtaining a will because either they feel it will take too much time and money or they believe they do not need one. In reality, obtaining a will is often a fairly easy, inexpensive process that will save your estate and beneficiaries a great deal of time and expense.
When A Trust May Be A Good Option
A trust is a separate legal entity, but unlike a corporation, it cannot hold title to your assets. For that reason, a trustee is appointed and your property is transferred to the trustee who holds title until the assets pass to your beneficiaries.
There are a variety of types of trusts, including revocable trusts and irrevocable trusts.
Why Estate Planning Is Essential
The estate planning process involves meeting with your attorney to discuss your estate, your needs and the options available to you. Planning for the end of life is something few people want to think about, and many put it off until it is too late.
Do not wait. The process need not be complicated, and is often less expensive than you may think. Doing this now can indeed save your loved ones from having to guess at what you would’ve wanted. It relieves them of the burden of making decisions on your behalf. Estate planning can ensure that your family is given the peace of mind they need in their time of grief.