Minnesota Estate Planning
MN Estate Planning Lawyers
Joseph M. Flanders handles all aspects of Minnesota estate planning.
The firm advises clients on matters such as Wills, Trusts, and powers-of-attorney. Flanders Law Firm LLC is in the Twin Cities Metro with an office 15 minutes from downtown St. Paul or Minneapolis.
Choosing between a Will or a Trust is not always an easy decision. Many factors come into play and, ultimately, you can’t go wrong as long as you choose one or the other.
My recommendation is that all estate planning is important. Proper estate planning means that you are thinking about difficult issues that are often not terribly exciting.
Lawyers understand that there are other things people want to focus on other than their estate. However, if you are seriously considering whether you need a Will or Trust for your retirement or estate planning, that means you are taking a step in the right direction.
Choosing between a will and a trust
Common retirement and estate planning questions that many people have are:
- How can a Revocable Living Trust based estate plan help protect you and secure your family’s future?
- Do you know the unknown truths about planning with a Revocable Living Trust?
- What are the situations in which a Trust can have a legal advantages over a Will?
- Learn the truth about the hidden costs of a Will based estate plan that no one talks about.
As a Minnesota estate planning attorney, I have tried to answer many of these questions on my estate planning page.
In particular, I have discussed the common benefits and drawbacks between choosing a Trust or a Will for your estate planning. However, there are many questions that cannot be answered by an article or website page. Every family’s situation is different.
For instance, the financial situation of a young person often looks much different from that of an older person or of a couple with a much larger estate. My legal advice to the younger couple would be much different than the advice given to the older couple. Whatever your situation, it is important to speak with an experienced estate planning lawyer when you consider whether to choose a Will or Trust.
Free Initial Consultations
Contact the Flanders Law Firm today. The firm offers free estate planning consultations to all potential clients. Call (612) 424-0398.