MN Will Planning Lawyer
Purpose of a Will
Everyone knows the primary purpose of a Will, of course, is to transfer assets to the intended beneficiaries. It is most important for individuals with blended families or no children to have a Will to ensure that their estates will go to the desired beneficiaries.
A Will has other important purposes as well. Having a Will makes the probate process itself less expensive and quicker. A will can require an informal probate, instead of a formal probate. The difference is that in a formal probate, the personal representative will be required to appear in court at least once, and can require court review of all actions of the personal representative. Also, by designating the personal representative of your choice in the Will, you can ensure the person you choose will carry out your wishes and have control over the estate.
Another important function is providing for minor children. A parent’s wishes are extremely important to the Court in appointing a guardian, and if these wishes are stated in the Will, you can virtually ensure that the guardian of your choice will have custody, although the Court must still approve your choice. A Will also provides the opportunity to provide financially for minor or special needs children by creating a trust that goes into effect after death.
You may download our Will/Estate Planning Information Form from this website by clicking here. If you would like to begin 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.
