Estate planning should be part of your marriage preparations

For too many Americans, estate planning is put off for years, even decades, longer than it should be. As soon as you have assets or dependents, you need to be thinking about providing for them in the event of your death. It may feel morbid, but in reality it's one of the best ways to protect the people you love.

If you've recently gotten engaged, you should consider making a trip to your estate or probate attorney part of your pre-wedding preparation. The peace of mind it will provide for you and your family is invaluable, and you can always update your will and estate when your situation changes in the future.

Estate planning helps you prepare for death and taxes

By retaining the services of an experienced estate planning and probate law attorney, you can reduce the potential tax burden to your heirs and ensure your assets are divided as you want them to be. In Minnesota, if you die without a last will, the state will automatically divide your assets among your closest relatives. If you want special protections for your future spouse or to preclude someone from inheriting from your estate, you need to take action now to protect your wishes. You may think you have all the time in the world, but in reality, no one knows when one's last day will be.

Don't put it off and risk a financial disaster for your loved ones

That isn't meant to depress you, but impress upon you the fact that many people die from accidents or serious and sudden illnesses. If you pass on without leaving a last will in place, particularly if it happens before your wedding, your fiance will not inherit anything from your estate.

Creating a comprehensive estate plan and last will are the best way to protect your loved ones and your intentions after your death. Working with an experienced Minnesota estate and probate law attorney is the best way to ensure your will is legal and viable.

There are certain things you can do to prepare for your estate planning ahead of time. Make a list of your assets. Collect information about your savings, retirements, and investments accounts. Decide on who you want to be your executor. All of this can be decided before you sit down with your probate and estate attorney, which can make your actual estate planning meeting much faster and less difficult for you and your fiance.

Don't procrastinate and leave your loved ones without the proper protection. Call and make an appointment as soon as possible with an estate planning attorney.

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