When you are finalizing the details of your estate plan in Minnesota, you may be feeling a sense of accomplishment and relief that you have some direction for your family members when you become incapacitated. You can rest easy knowing that you have put in the effort to make designations and arrangements so your family will know what your wishes are. However, now you need to ask someone to be the executor of your plan to guarantee that everything goes smoothly when you pass away.
For many people, springtime represents a fresh start and moving on from a long winter. Along with spring cleaning, planning summer vacations and adjusting to more tolerable weather, there are other responsibilities that may need to be addressed, such as creating an estate plan. The spring can be a great time of year for setting up a will or creating a trust, and you should not push off this important decision if you want to have a plan in place to protect your estate.
Many Minnesotans don’t have an estate plan, either because they assume they have plenty of time, they assume that inheritances will work themselves out, or both. Unfortunately, you can’t rely on either assumption – especially with the tricky dynamics of blended families.