No matter what your age, all adults need to have a will in place to protect your loved ones in the event of your untimely death. Without a will in the state of Minnesota, your property will be distributed by the courts to your closest relatives. In the event that the court exhausts your lists of relatives, your property can actually be taken by the state. Rather than allow the courts to determine how your property is distributed, taking just a little time now to draft and execute your will can make your wishes clear.
A will serves the following functions in the state of Minnesota:
- Allows you to leave your property to people or organizations of your choosing.
- Gives you the opportunity to name a guardian for your minor children.
- Allows you to name a person that you trust to manage any property left to your minor children before they become adults
- Allows you to name a personal representative to ensure that your wishes are carried out.
Steps To Follow When Making Your Will
Your will should include an outline of who you would like to receive your property in the event of your death and who you would like to be the guardian of your children. You should also make sure to name a personal representative who will ensure that your wishes are carried out after your death.
You can partner with a lawyer to draft and finalize your will. Often this costs a few hundred dollars and you can be confident that the document follows all Minnesota guidelines and would be honored after death. You can also make a will using online do-it-yourself software. You should keep in mind, however, that you may still want to have this reviewed by a lawyer just to be sure that there are no problems with the content or format. While it is not required to have a will notarized to make it legal, you must sign your will in front of two witnesses and you must have your witnesses sign your will.
Kallemeyn & Kallemeyn: Estate Planning Experts Minnesota
The experienced attorneys at Kallemeyn & Kallemeyn have more than twenty years of experience in estate planning law and can help you make a will for just a few hundred dollars. We have a simple Will/Estate Planning information sheet that you can complete before you meet with our team so that we can be ready to help with any unique and personal needs that you might have. Do not put this off any longer. A will can be completed quickly and at a low cost, so that you know that you can protect your loved ones. Call Kallemeyn & Kallemeyn at 1-763-427-5131 for more information or to schedule an appointment to get started.