Coon Rapids MN Will Planning Lawyer
Purpose of a Will
We all know that the chief intention of a Will, of course, is to transfer assets to the proper beneficiaries. It is absolutely important for all individuals with combined families, or those who have no children, to have a Will made up to ensure that their estates will go to the desired inheritors.
But a Will also has other valuable purposes. Having a Will drawn up by an attorney frees up the probate process to move faster and be less expensive. A Will could require an informal probate, as opposed to a formal probate. The distinction is that in a formal probate, the personal representative is required to go before court at least one time, and court review is mandated for all actions taken by the personal representative. Also, with the appointment of the personal representative of your choice in the Will, you can feel assured that the person you trust to carry out your wishes and have control over the estate will be able to do just that.
Another primary objective of a Will is providing for children who are minors. Parents’ wishes are taken very solemnly by the Court when appointing a guardian, and – although the Court must still authorize your choice – if these wishes are stated plainly in the Will, you can virtually ensure that the guardian of your choice will gain custody. A Will can also establish the mechanism to provide for financially for children who are minors or special needs with the creation of a trust that goes into effect after passing.
You may download our Will/Estate Planning Information Form from this website by clicking here. If you would like to start the estate planning process, complete the form, and call us at (763) 427-5131, or just send the completed form. My Paralegal will call you and schedule an appointment.
Serving Coon Rapids, MN with all Will Planning services.
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