ESTATE AND INCAPACITY PLANNING

An estate plan, whether accomplished through a simple will or the use of more sophisticated trusts, serves as an essential guide for your representatives regarding the transfer of your property. By taking the time to thoughtfully create an estate plan, you increase the likelihood of a smooth transfer of your assets to your beneficiaries. Your estate plan can also identify the persons who will manage your assets in the event of your incapacity, and provide instruction for how and when your assets shall be distributed to your beneficiaries upon your death.

ESTATE ADMINISTRATION (PROBATE)

When a loved one passes away, working through the legal process can seem overwhelming to you. The most immediate task is to focus on making the funeral or service preparations and to honor your loved one’s life. When you are ready, Donohue Green Law Office will guide you through the process with compassion and careful attention to your specific needs.

TRUST ADMINISTRATION

In Minnesota, trustees are held to certain high standards regarding their fiduciary duties. Both individual and corporate trustees may need to seek legal guidance from time to time. If you have questions about the requirements and duties involved in accepting a trustee position or if you are concerned about making certain decisions, Donohue Green Law Office can help guide you through the trust administration process.

GIFT AND TAX PLANNING

Clients incorporate gifting strategies into their estate plan for a variety of reasons.  Some clients wish to reduce potential estate tax liabilities.  Other clients make gifts for personal reasons.  Regardless of the client's goal, gift and tax planning requires additional consideration and attention to detail.  If you are considering a gifting or tax planning strategy call Donohue Green Law Office to schedule a consultation.

RESOURCES

For articles on a variety of estate planning topics, visit epilawg.com.