Estate Planning Attorney

Life can be unpredictable, that is why estate planning is a crucial step in planning for your future. Estate planning ensures that your wishes are honored and your affairs are managed according to your desires. Estate planning is not just about distributing your assets – it is about peace of mind, security, and ensuring your loved ones are taken care of. At 494 Law, we are dedicated to guiding you through the estate planning process by creating a plan that is tailored to you, your spouse, and your family.

estate planning elderly couple

Why Estate Planning Matters

One common misconception is that estate planning is for the wealthy or the elderly, but that is not the case. Individuals and families of all ages and income levels can benefit from estate planning. Without proper planning, Minnesota, like most other states, have intestacy laws that could determine how your estate is distributed. Minnesota intestacy laws are triggered when you pass away without a valid will, trust or other estate plan in place that dictates how your estate will be administered and distributed. Effective estate planning allows you to maintain control over your assets and provide for your loved ones both during your lifetime and after your passing.

How Can 494 Law Help?

At 494 Law, we recognize that each client has unique circumstances and goals. Whether you are a business owner, a young family, or an individual with substantial assets, we are here to work closely with you to develop a personalized estate plan that reflects your wishes. Our services include, but are not limited to:

  • Wills – A will is an essential estate planning document that outlines how you would like your property and assets distributed after your death. With a will, you are able to appoint an executor that will distribute your assets according to your wishes.
  • Health Care Directive –  revocable trust, also referred to as a living trust is an estate planning tool that may avoid probate, but with substantial additional cost to draft and fund.
  • Powers of Attorney – No one likes to think that they will become incapacitated and unable to make decisions for themselves, it is important to make plans in case this were to happen. When you are appointing a Power of Attorney, you are selecting a trusted individual to make health and financial decisions on your behalf. 
  • Trusts – While there are many different types of trusts, a trust allows you to have an active role in the process while you are still alive, unlike a will. Trusts offer flexibility and control, allowing you to make changes at any point. Additionally, a trust may help your loved ones avoid the probate process. 

Contact 494 Law Today to Learn More About Our Estate Planning Services

It is never too early to create an estate plan. At 494 Law, we understand that estate planning can feel overwhelming and you may not know where to begin. That is why we are committed to helping you navigate you through the estate planning process to create a plan that aligns with your unique goals and values.

Contact 494 Law today to schedule a free, no-obligation consultation to take the first step.