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How do I know if I need a Will?
Everyone needs a Will! While Minnesotans are not legally required to have a Will, it is important that you have one. Call our office to schedule an appointment to discuss your Will!
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What happens to my debt when I die?
When you die, all of your stuff is referred to as your Estate. Your debts and last expenses of life will be generally paid out of your Estate when you die. This means that your creditors are paid before your heirs.
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What happens if I die without a Will?
If you pass away without a will, the distribution of your belongings will be determined by the laws of the state. Minnesota laws require your stuff pass to a relative if you don’t have a Will. So, if you want to leave money to a charity or a friend, you must have it in your Last Will.
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How do I know if I need a Trust?
Everyone’s Estate is different. If you own real property, run a family business, have minor children, or your net worth is higher than $100,000.00, contact our office to schedule an appointment to discuss if a Trust is right for you.
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What is a Trust?
A Trust is an Estate Planning tool that is used to maximize privacy and avoid probate. There are many types of Trusts that you can create for your legacy.
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What is Probate?
Probate is the name of the legal process that is settling your Estate after you die. Generally, Estates worth less than $75,000 will avoid Probate.