What Happens When You Die Without a Will in Minnesota?

Описание: Many times clients come to my office and they feel a little embarrassed because they say, "Even though I know I need one, I don't have a will yet." Often, it's simply a matter of they just haven't gotten around to it. And while they may feel embarrassed, the reality is, that many people do not have wills. The last statistic I saw said that only 33.1% of Americans actually have an estate plan, which means two-thirds of Americans don't have a will. And if you're in that boat with all of them, don't be ashamed. But now is the time to get your estate plan in order so you can stop asking "What Happens When You Die Without a Will in Minnesota?"

If you have a will, what you've done is you've laid out a process for what will happen after you're gone. You'll have a process for guardianship of children, what happens to your assets, and how liabilities are paid off. Maybe you've created a trust. There's a lot of options when you have a will. If you're in a state like Minnesota, Minnesota has informal probate. So we can use the will to put your estate through informal probate, a much less intense version of probate than you'll find in other places. And the goal of course of all this is we're going to make it easier on your family. They don't have to deal with the probate judge. They don't have to go through a lot of extra paperwork. A lot of times they don't have to hire an attorney. It's a simplified way of laying out your state. But what if you don't have a will then what is the plan? Well, if you don't have a will you actually have created a plan and that plan is you're going to have the state do what the state says with your things. So that becomes your "estate plan."

Hopefully, you can see that it's important that you're working with an attorney, financial advisors, and your accountant to make sure you're getting it laid out correctly. If you need help and you need to get started, let's set up a Legal Strategy Session. We can chat for about 15 or 20 minutes to discuss where you are in the process, what your goals are, and what are the best next steps for you and your estate plan: https://www.andrewmayers.com/reports/...

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