Lake Elmo, Minnesota Estate Planning Lawyers
McLaughlin Law a next-generation law office: flat-fee, mobile, and client-centric. Flat fee means that, from wills to custom contracts to divorce representation, you can see all of my prices in advance. No surprises or hourly-rates that keep accumulating without results. Mobile means that in lieu of...
After I became a lawyer, I started my practice and started practicing just like every other lawyer I know practices. As I was going along, I kept noticing that most law practices violate the laws of good business (and clients hate that...
Mike graduated from William Mitchell College of Law. He was a founding member of the William Mitchell Journal of Law & Practice. He participated in developing the Journal's Business Plan and served as a member of its editorial staff. Mike helped organize The Journal's first symposium: "No Strings Attached, Regulating Judicial Campaign Speech: Judicial Elections in...
Estate Planning Lawyers in Nearby Cities
Estate Planning Lawyers in Nearby Counties
Lake Elmo Estate Planning Legal Aid & Pro Bono Services
Southern Minnesota Regional Legal Services Volunteer Attorney Program
St. Paul, MN
Minnesota AIDS Project
St. Paul , MN
Planning your estate?
Estate planning arranges for the transfer of an individual's estate at the time of death. An estate consists of all property owned at death before it is distributed by will, trust, or intestacy laws. An estate may contain both real property and personal property. Estate planning allows an individual to decide exactly who will benefit from his or her estate, and to what extent. It can also reduce the taxes imposed on the transfer of assets at death.
An experienced estate planning lawyer can help minimize the amount of the estate surrendered to taxes as well as ensure that the management and distribution of the estate is carried out according to your plans. Particularly when your plans are complex and/or you have substantial property or assets, it is important to have an attorney who can ensure that your plan functions the way you intend. Depending on the complexity of your individual situation, your estate planning team may include attorneys, financial planners, bankers and insurance professionals. Some states certify attorneys as estate planning specialists, which means they have met certain requirements for experience, education, and testing in that field.
Fiduciary: A person or institution who manages money or property for another and who must exercise a standard care imposed by law, i.e., personal representative or executor of an estate, a trustee, etc.
Personal representative: The person who administers an estate. If named in a will, that person's title is an executor. If there is no valid will, that person's title is an administrator.
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