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WILLS & TRUSTS The Trenti Law Firm Serving Northeastern Minnesota for over 50 years Many people never get around to preparing a will. You may think that it is too costly, that you don't have enough property to justify a will or that you can put it off because you are too young to be thinking about death. However, death is often unexpected, and the importance of having a concrete and well drafted will cannot be stressed enough. If you die without one in place, the State of Minnesota will determine how your property and assets are divided among your legal heirs. More often than not, your interests regarding how your property is handled will not align with the state's determination of which heir gets what. A will and proper estate planning offer the greatest freedom to dispose of property as desired and will also save on costs on the transference of property to friends and family. Another aspect of pre-death planning to consider is adopting a trust. A trust detaches the legal ownership of an asset or property from the benefit or use of that property. Trusts allow you to transfer your property and assets to your beneficiaries. When you create a trust, your property is held by a trustee who has the legal title and kept by him or her until the title is reassigned to your beneficiaries. It is in your best interests to plan for the future and make a small investment in a trust or a will in order to avoid difficulties that will burden your loved ones if such documents are absent in your death. PROTECTING YOUR RIGHTS Wills and trusts are valuable documents when it comes to post-death scenarios. Without these records, your family will need to go through probate court and endure legal undertakings and fees that could be easily avoided had you constructed a will or trust. When you die without a will in Minnesota, the government does not consider what you would have wanted. Rather, they have a legal method for dividing up your assets among your legal heirs. Assuming you want to have control over what will happen to your hard-earned property after your death, invest in an attorney today to help you draw up a will or trust. THE TRENTI LAW FIRM CAN HELP A few hours spent now with our staff will ensure that your property is divided according to your requests. If you already have a will, trust or estate plan, we would be pleased to examine it and make recommendations and revisions that will be beneficial to you and your family. It is always best to prepare for the future. With the help of our experienced attorneys you can guarantee that your wishes will be met when the time comes. Contact Trenti Law today to get started. ATTORNEYS Sam A. Aluni Scott C. Neff |
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