St. Paul Probate & Estate Administration Law Blog

Unfortunately, many young people do not see the point in creating estate plans in their 20s and 30s. Once you marry or have a child, you need to start planning for the future, and it is never too soon to develop an estate plan. 

Many people do not start thinking about wills and trusts until they are in their 50s. It makes sense because retirement is right around the corner, and children will likely be out of the house at this point. However, even millennials need to start planning for the future. You may not think it will apply to you at this point, but there are valid reasons for creating an estate plan early on in life. 

Many Hollywood films have glorified the "reading of the will." In these scenes, loved ones learn what they will receive from the deceased party during a physical meeting with the lawyer. Most of the time, there is some surprising information, such as one person receiving a large inheritance. 

In real life, you do not want there to be any surprises after you pass away. Everyone should know what they will receive in your will or trust. Unfortunately, many people are uncomfortable talking about death and money in the same conversation. However, it is a vital step to take to ensure there are no complications after your passing. 

Estate plans help provide estate holders with peace of mind that the set process will ensure the proper handling of their assets once they have passed. This is essential for those who desire to provide for or help others even after they pass.

Particularly for couples, an estate plan is important, and improper planning may leave some areas uncovered. To help prevent this, there are a few common mistakes to avoid.

You were happy to agree when your favorite uncle approached you about becoming the executor of his estate. However, you could not have foreseen his sudden demise. Now, the family is turning to you to deal with his final wishes and instructions. How do you proceed?

Distribute death certificates