No one likes talking about death. The emotions that one experiences when a loved one passes away can often times be overwhelming. As hard as talking about death can be, it is important that some plans are in place for individuals. Through Estate Planning, families are able to arrange how an individual would like their assets to be divided amongst their family. Read Full Post
Minnesota has an aging population with approximately 10,000 retiring every day. The number of persons age 65+ is expected to surpass that of the 5-17 year old population by the year 2020. With these statistics in mind more Minnesota residents are turning to Estate Planning to protect their assets and intended beneficiaries.
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A Living Trust is a vehicle that can be very useful in certain estate planning situations. The trust is created and functions while the individual is living. A Testamentary Trust is created after your death. An experienced Minnesota Estate Planning Lawyer can help you to determine if a Revocable Living Trust is right for your individual situation. For many Minnesotans, a living trust can help to avoid probate or reduce estate taxes. Kallemeyn & Kallemeyn have expertise in the benefits and possible drawbacks with establishing a Revocable Trust. Read More →
