Protecting Your Future And Your Family
Wills and trusts are valuable estate planning tools for preserving your wishes for the future. There are many legal options available for implementing your goals and desires. Obtaining legal guidance from a lawyer can help you craft a plan that is tailored to your specific needs.
For many aging Americans, the rising costs of nursing home care threatens to strip away everything you have worked for, leaving you with nothing to pass on to your children and grandchildren. Through careful estate planning, however, you may be able to preserve your property. Likewise, if your loved one is on the brink of losing everything due to the consuming costs of nursing home care, I may be able to help salvage his or her estate.
Estate planning can help you avoid saddling your loved ones with debt, minimize obstacles, plan for incapacity and financially prepare for the prospect of expensive nursing home care.
Wills Vs. Trusts
A will is a legally executed document that sets forth your wishes regarding your property, finances and guardianship of any minor children. You can also select a trusted loved one to be in charge of managing your estate. A will gives you greater control over the future. It can also minimize complicated legal disputes among your loved ones.
A trust is a specialized vehicle for managing money or property. It can be fine-tuned to carry out your wishes in a more effective manner than a will alone. Certain types of trusts can also reduce estate taxes and avoid probate, leaving a greater share of your property to your loved ones.
Tailored Legal Guidance
At Lynn A. Johnson Law Office, LLC, I provide personalized legal counsel in all aspects of estate planning. I assist clients of all means, from those with a modest amount of property to those with multimillion-dollar estates. I work with tax professionals, CPAs, financial planners and other professionals to effectuate my clients’ wishes.
I assist clients with all types of estate planning options, including:
- Living wills
- Powers of attorney
- Life estates
- Transfer on death deeds
- Family limited partnerships
- Long-term care insurance
- Farm successions
- Farm inheritance disputes
In addition, I rely on my experience in Minnesota real estate and other areas of law to more effectively advance clients’ goals.