The creation of a will is not always on the top of a person’s list of priorities, but it should be. The reason is because individuals need to be able to state where they want their assets to go when they pass away. Some individuals feel telling their family is enough when distributing assets, but this is not so. You need a Minnesota Estate Planning Attorney to help you draft a will so that you do not have to worry about your affairs once you pass away.
What Does a Will Do?
A will is a good investment because you do not have to worry about the court taking control of your assets and making decisions for you and your family.
A properly drafted will enables you choose who will receive what from your estate. If you do not have a will, the intestacy laws of Minnesota come into effect and will dispose of your property. Even if you tell your children or other family members what you want to happen to your property, it is not enough. There has to be a legal document in place for your wishes to be followed.
Having a will also reduces the administration costs of your estate because it easier for your family to deal with your affairs. You are also able to state who you want to be the executor of your estate so that there is no confusion amongst your family as to who will wrap up your affairs.
Contact Eastlund Hutchinson at (952) 894-6400.