Minneapolis, Minnesota Estate Planning Lawyers
WHAT I LEARNED
Starting my own business helped me understand the challenges and opportunities that confront business owners at all stages of their entrepreneurial journeys. I was immediately amazed at the creative and innovative ways that these businesses worked with their customers. We...
Here's how I can help you. I help you become a better parent, a better spouse, or a better business owner. I approach my work, not primarily through the lens of a lawyer, but through the lens of one who has personally had to use...
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...
I am active in many community organizations, including Southern Minnesota Regional Legal Services, the Minnesota State Bar Association, the Collaborative Community Law Initiative, and Boneshaker Books. I provide free legal services...
I help clients navigate estate planning, as they focus on asset growth, to long-term care planning, where the focus shifts to asset preservation and care. After a death occurs, I help resolve contested Will or Trust issues (litigation), counsel on Medical Assistance claims, and guide families through the probate process.
I love facing the challenges...
Ronald M. Otten practices in the areas of estate planning, probate, trust administration, business succession planning, charitable giving, medicaid planning and real estate. Since these practice areas have many sub-categories that cross over into other practice areas, he works closely with other firm attorneys to meet the legal needs of our clients.
Ron has a strong belief in client service. His experience, spanning more than three decades, ranges from the representation of individual clients in simple estate planning matters to the...
Estate Planning Lawyers in Nearby Cities
Estate Planning Lawyers in Nearby Counties
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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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