subject: Estate Planning And Probate Representation In Rochester Mn [print this page] An important part of financial planning is estate planning. A financial advisor can help with many aspects of estate planning, but must often refer a client to a qualified attorney. There are several law firms that specialize in estate planning in Rochester MN.
Those who are beginning to plan their estates should consult their financial advisor, friends, or relatives about the reputations of law firms that handle estate planning in Rochester MN. Some important things to ask about are the law firm's experience in estate planning, the qualifications of the partners and associates, and their willingness and ability to listen to the details of the client's unique situation. Every situation is different and no one approach to estate planning is appropriate for everyone.
A qualified attorney can advise a client on wills, how to avoid probate, and the difference between a Revocable Trust and an Irrevocable Trust. A qualified attorney can also advise their client on which of these instruments best suits the needs of the individual client. An attorney should advise his or her clients on such matters as beneficiary designations, powers of appointment, joint tenancy with rights of survivorship, tenancy in common, designations to charities and powers of attorney. Many people have questions about the durable financial power of attorney and the durable medical power of attorney. People also discuss living wills as part of their estate planning. An attorney should be able to address a client's concerns about estate taxes and the physical and financial care of minor children.
A highly qualified attorney can help a client avoid probate in Rochester MN. If a loved one dies intestate, however, the spouse or children of the decedent will most likely need the services of an attorney. There are several firms that can help survivors with probate in Rochester MN. Probate can be extremely confusing and time consuming. Those who ask for a referral for a probate attorney should ask about overall reputation and experience, as well as how many cases have been won and lost by the attorney. The technical aspects of handling the property of a decedent must be handled with attention to detail. Creditors must be notified and legal notices must be published. The attorney must be aware of time limitations for filing and objecting to claims against the estate.
If a person passes away without a will, the probate court will name an administrator or personal representative of the estate. A competent attorney will help the administrator or personal representative through the steps of probate, which include conducting an inventory of and collecting the decedent's property, paying debts and taxes, and distributing the remaining property to survivors and beneficiaries. A competent attorney should also address challenges, such as a challenge to the person serving as administrator or personal representative, or challenges to the identity of beneficiaries. The most important responsibility of an attorney is to address competing claims against the estate. It is important for a person seeking representation in a probate case to feel comfortable that their attorney displays a commitment to their cause.
The information you obtain from this article is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.
