12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Overview of Estate Planning in Zip Code 55043

Overview of Estate Planning in Zip Code 55043


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones.

Estate Planning doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 12Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a Living Trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or Living Will that can indicate the treatments you want or do not want and Power of Attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Personalize & Print a Free MN Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free MN Living Trust Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Zip Code 55043
Hawkins Charles L Law Office
44 5th Ave S Apt 150
Hopkins, MN 55343
(952) 932-9587
General Practice Attorneys, Attorneys
Jensen Sondrall & Persellin Pa
8525 Edinbrook Xing Ste 201
Minneapolis, MN 55443
(763) 424-8811
Real Estate Attorneys, Attorneys, Legal Service Plans
Anderson Law Office, Scott L. Anderson, Attorney
4101 Sunset Rd N Ste. 2
Minneapolis, MN 55443
(763) 422-8664
Criminal Law Attorneys
Anderson Law Office, Scott L. Anderson, Attorney
4101 Sunset Rd N Ste 2
Minneapolis, MN 55443
(763) 422-8664
Accident & Property Damage Attorneys,  Personal Injury Law Attorneys,  Attorneys,  Criminal Law Atto
Carter Legal Services
810 1st St S #100
Hopkins, MN 55343
(952) 935-7383
Bankruptcy Law Attorneys,  Probate Law Attorneys,  Attorneys,  Wills, Trusts & Estate Planning Atto
Diker Ronald M
6309 Maloney Ave
Hopkins, MN 55343
(952) 546-6968
Attorneys
Wollschlager Gary
208 Sherman St
Jackson, MN 56143
(507) 847-5770
Attorneys,  Family Law Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Corporation & Partne
Tow Michael
208 Sherman St
Jackson, MN 56143
(507) 847-5770
Attorneys
Antolak Law Offices
4617 Marigold Ave N
Minneapolis, MN 55443
(763) 493-5631
General Practice Attorneys, Attorneys, Legal Service Plans
Marcus Jarvis & Associates, P.C.
3621 85th Ave N
Minneapolis, MN 55443
(763) 425-5447
Attorneys, Immigration Law Attorneys
Zotaley Byron
1011 1st St S # 400
Hopkins, MN 55343
(952) 933-5100
General Practice Attorneys, Attorneys, Legal Service Plans
Steffan Mark
513 2nd St
Jackson, MN 56143
(507) 847-4900
Bankruptcy Law Attorneys,  Attorneys,  Family Law Attorneys,  General Practice Attorneys,  Bankruptc
Muir Lachlan B
513 2nd St
Jackson, MN 56143
(507) 847-4556
General Practice Attorneys, Attorneys, Legal Service Plans
Lachlan B Muir Law Office
1100 Springfield Pkwy
Jackson, MN 56143
(507) 847-4556
Attorneys, Probate Law Attorneys
Peper William
10285 Yellow Circle Dr # 105
Hopkins, MN 55343
(952) 941-4448
General Practice Attorneys, Attorneys
Leslie L. Kimes
7714 Brooklyn Blvd
Minneapolis, MN 55443
(763) 219-4404
Divorce Attorneys,  Attorneys,  Family Law Attorneys,  Legal Service Plans
Walker Curtis
7420 Unity Ave N
Minneapolis, MN 55443
(651) 731-4357
Attorneys,  Bankruptcy Services,  Legal Service Plans,  Bankruptcy Law Attorneys
Riordon Candace L
603 2nd St
Jackson, MN 56143
(507) 847-4200
Attorneys
Costello Carlson & Butzon
603 2nd St
Jackson, MN 56143
(507) 847-4200
Attorneys, Estate Planning Attorneys, Tax Attorneys
603 2nd St
Jackson, MN 56143
(507) 847-4200
Attorneys, General Practice Attorneys
Berg Law Offices Pa
1011 1st St S
Hopkins, MN 55343
(952) 935-3425
Attorneys, General Practice Attorneys, Legal Service Plans, Business Law Attorneys, Real Estate Atto
Shackleford Angela
10285 Yellow Circle Dr
Hopkins, MN 55343
(952) 933-3371
Attorneys
Merrigan Brandt Ostenso & Cambre PA
25 9th Ave N
Hopkins, MN 55343
(952) 933-2390
Attorneys, Legal Service Plans
Chiglo Terry A
210 E Cedar St
Houston, MN 55943
(507) 896-2176
General Practice Attorneys, Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US