Estate Planning With An Experienced Minnesota Attorney Is Essential For Everyone
At the Law Office of Neil Thompson, we meet with you, answer all your questions, and educate you about your estate and life planning options. Then, after all of your questions receive answers, and we have done our best to educate you, you select the level of asset protection planning you want to protect yourself and your property.
Every client’s estate plan customization is specific to our client’s family dynamics, and we will review your plan with you every three years or after a life-changing event. Our Minnesota law firm has developed over 1400 estate plans, and not one of them is identical to another. Let our Minnesota estate planning lawyer take care of your future, so you can focus on the present.
Take The First Step For Building Your Minnesota Estate Plan
Understanding Our Minnesota Wealth Planning Session
Start with a Wealth Planning Session, which includes an in-depth interview, planning, and education session to determine the individual client’s needs and wants. The Wealth Planning Session usually takes two hours. Before the session, you have some homework in providing us with answers to a questionnaire at least three days before our meeting. Whether we work together or not, your homework will get you more organized.
Your Wealth Planning Session is a time to become familiar with our estate planning services and for both of us to see if we are a good fit to work together. If you are ready to move forward, select one of three levels of estate planning (Family, Trust, or Wealth Plans), thus picking the fees you pay for our services. Our fees are package/plan priced with no surprises.
Understanding Our Minnesota Family Plan Legal Services
Our Family Plan is designed for individuals and families in Minnesota, starting out with few assets and on a tighter budget. Your Minnesota estate plan is legal instructions for your wishes for your care and how best to control your assets on your behalf. Your family plan in Bloomington, Minnesota, and beyond allows individuals and families to provide for and protect their children and themselves. Some of the legal documents that can be part of a family plan include:
- Last Will and Testament
- Statutory Power of Attorney
- Health Care Directive Short Form
- Review your estate plan every three years and after life-changing events
- Electronic Access to all Executed Documents (5-year subscription to a Confidential Online Database for all medical, legal, and financial documents) Health Care providers have access to your Health Care Directive.
Understanding Our Minnesota Trust-Based Plan Legal Services
A Trust Plan is for individuals and families in Minnesota with children, with developing assets, wanting to protect children, provide during life planning, provide for special needs children and spouses, and asset protection trusts. Establishing a trust as the foundation of an estate plan has the significant advantage of avoiding probate court in Minnesota. In a trust, Minnesota property will move into the trust, and the trust will then own the property, which trust beneficiaries will receive after the grantor’s death. Some types of trusts that can be part of a Minnesota estate plan include:
- Revocable Living Trust
- Pour-Over Last Will and Testament
- Special Needs or Asset Protection Trust, if needed
- Certificates of Trust
- Health Care Directive Long Form
- Health Care Instructions to Health Care Agents
- Minnesota Statutory Power of Attorney
- Durable and Springing General Power of Attorney
- Instructions on how to fund (move your assets) your trust
- Review your estate plan every three years and after life-changing events
- Electronic Access to all Executed Documents (5-year subscription to a Confidential Online Database for all medical, legal, and financial documents) Health Care providers have access to your Health Care Directive.
Understanding Our Minnesota Wealth Plan Legal Services
Wealth Plan is for individuals and families with children/grandchildren, wanting extensive Minnesota asset protections, protecting children, providing during life planning, and providing for special needs children and spouses. This level of estate planning includes Minnesota Medicaid planning and elder law planning for nursing homes and assisted living in Bloomington, Minnesota, and surrounding areas. Some estate planning documents that can be part of a Minnesota wealth plan include:
- Pour-Over Last Will and Testament
- Revocable (Living) Trust
- Irrevocable trust, if needed
- Special Needs Trust, if needed
- Medicaid/Medical Assistance Planning and Medicaid Trusts, if needed.
- Certificates of Trust
- Health Care Directive Long Form
- Health Care Instructions to Health Care Agents
- Minnesota Statutory Power of Attorney
- Durable and Springing General Power of Attorney
- Our office will prepare and complete the asset transfers necessary to fund the trust
- We work extensively with your Financial Planner and Accountant
- Instruction letters to Trustees, Successor and Contingent Trustees, Co-Trustees, and Trust Protectors
- Review your estate plan every three years and after life-changing events
- Electronic Access to all Executed Documents (5-year subscription to a Confidential Online Database for all medical, legal, and financial documents) Health Care providers have access to your Health Care Directive.
Work With An Experienced Minnesota Estate Planning Attorney
Suppose you or a loved one needs an experienced Minnesota attorney to handle your simple or complex estate plan, elder law needs, or create a cabin trust. In that case, it’s time to contact Neil Thompson, Attorney at Law at his Bloomington/Minneapolis law firm. We welcome you to contact us to learn more about how we can help meet your legal needs.
Contact us to get started with your Estate Plan today!