You've probably heard the drill many times. Every time a celebrity dies "intestate," without a will, we hear about the importance of making your wishes known to those left behind. Or perhaps your financial advisor or attorney or spouse is waiting for you to make an estate plan.
When it comes to estate planning in St. Paul, what you do not know or do can have a negative impact on you and your loved ones for many years to come. The purpose of making an estate plan is to provide for your family future. If you do not structure those plans carefully, you could end up with some complications that can diminish your estate's value and make to harder for your relatives to receive their inheritances without complications.
Having an estate plan is an important part of growing older. It helps you make sure the people you care about are not left fighting legal battles for assets and that you can designate who should receive what out of your hard-earned assets. An estate plan discusses what happens to you after your death, including all your final wishes. It may include trusts and even information on what happens to your pet.