Ensure That Your Legacy Is Protected

When you have worked your whole life for your family, you want to be sure that they will be protected even after you pass away. However, that is easier said than done. There are so many decisions to be made, and with estate planning, you do not get a do-over or a trial run before you need them. Because of that, the process of planning can be nerve-wracking.

At Thompson Horst, PLLC, our lawyers are committed to helping our clients plan their estates without the stress. To that end, we are able to answer some common questions we receive.

How do I choose an executor for my estate?

When you are looking for someone to carry out your will, you are actually looking for someone called a "personal representative" if you have a will, or a "trustee" if you have a trust. "Executor" is a term that is used in other states, but not in Minnesota.

That said, when you are looking for such a person, it can be tempting to think of other people's opinions. You think, "I should ask so-and-so, or else they will be so offended." You cannot think this way with your estate. You need to choose someone you absolutely trust, whether that's a friend, family member, or a professional, like your attorney or a bank.

Who should hold my health care power of attorney?

In Minnesota, this person is called a health care agent appointed under a health care directive. A good choice to fill this role would be a spouse or a very close friend or family member. You want someone who you know understands your wishes exactly and would be capable of overseeing them being carried out.

Do I need a living will?

The purpose of a living will, now called a health care directive, is to ensure that if you are incapacitated and unable to speak to doctors, there is a way to communicate your wishes. Ancillary documents like HIPAA authorizations also allow your doctors to discuss your care with your family. Therefore, these documents are highly recommended, no matter your age or the state of your estate.

Should I tell my family my plan now?

Discussing your estate plan can feel morbid, but it is important that your family knows what to expect. The surprise of the plan coupled with their grief can make the process of executing your estate harder than it needs to be. At a minimum, your family should know where your plan is located.

Talk To An Experienced Professional Today

Estate planning can feel overwhelming. Our team works to make the process seamless and easy for our clients. To discuss your needs, call our Edina office today at 612-584-2172 or reach out through our online contact form. We offer no-cost consultations and periodic free seminars as well.