Estate Planning In Eden Prairie, Minnesota

Find the right Estate Planning attorney in Eden Prairie, MN

Estate planning in Eden Prairie, Minnesota is simply the act of deciding what you want to happen to your assets after your death. It usually entails making plans about funeral arrangements, as well as plans for end of life care.

The creation of a will (the document laying out what is to be done with your property after your death) is an essential element of an estate plan, but it is usually not the only element. There are many other necessary things that most estate plans should include.

Besides a will, a quality estate plan will contain a living will, which gives your doctors and relatives directions regarding your healthcare in the event that you become incapacitated, funeral arrangements, and instructions on organ donations.

If you have young children, it is absolutely crucial that you make arrangements for their care, as well as their custody. Obviously, if you want someone specific to take custody of them in the event something happens, you need to discuss the matter with them, to ensure that they are actually able and willing to care for them.

What Type of Estate Plan Do I Need in Eden Prairie, Minnesota?

The answer to this question varies largely on your goals and priorities, as well as your age, health, and the amount of assets you have.

Unmarried young adults generally don't think much about estate planning. In most cases, this is fine. Unless you are very sick or have an unusually large amount of assets, estate planning is not something to really worry about at this point in your life.

There is one group of unmarried people for whom estate planning in Eden Prairie, Minnesota is absolutely crucial: adults who are not married, but have a life partner who they'd like to provide for in the event of death. There are many rights that automatically attach with marriage, such as the right to inherit if a spouse dies without a will, the right to make medical decisions for the other spouse if they become incapacitated, etc. If you and your partner are, for whatever reason, unable or unwilling to get married, you will have to take several steps to secure these rights, such as authorizing power of attorney, and writing them into your will.

If you are elderly, and have a large amount of assets in Eden Prairie, Minnesota, estate planning may be more necessary at this stage of your life than any other. While estate planning deals with some morbid and unpleasant subjects (requiring us to confront the reality of our own mortality), it is crucial if you wish to live your life secure in the knowledge that your loved ones will be provided for to the extent that your assets allow.

Do I Need a Eden Prairie, Minnesota Estate Planning Attorney?

Estate planning in Eden Prairie, Minnesota is not always perplexing, but it certainly can be. In moderately-sized to large estates, with a significant number of potential beneficiaries, it is crucial to have the assistance of an estate planning professional.

Talk to a Wills, Trusts and Estates Law Attorney now!

Life in Eden Prairie

Eden Prairie, Minnesota is a city directly outside downtown Minneapolis. Its population is approximately 50,000 people.

There are many scenic lakes and ponds in Eden Prairie, and the city has over 170 miles of hiking trails to take advantage of this scenery, along with over 2,200 acres of parks, and 1,300 acres of open space.

Until the early 1960s, Eden Prairie was largely a bedroom community for the nearby cities of Minneapolis and St. Paul (a community consisting almost entirely of residences, where residents commute to a larger city for work). However, it now boasts over 2,000 businesses, and hosts major offices of many large businesses in the healthcare, logistics, retail, and distribution industries.

Money Magazine frequently names Eden Prairie as one of the best places in America to live, thanks to a variety of industries creating many different types of jobs, its natural scenery, the quality of its public schools, among many other factors.

Furthermore, there are plenty of Eden Prairie, Minnesota lawyers who can provide virtually any legal services you might need. Eden Prairie, Minnesota lawyers can handle almost any kind of case.

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