A living trust is a legal document that you can create while you are still alive that places your assets and property into a trust that is held for your desired beneficiary. You can elect to appoint a trustee or you can do this yourself. There are many reasons to consider setting up a living trust. These reasons include: 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 →