Nowadays, individuals in Minnesota and elsewhere understand the importance of establishing an estate plan. Taking this step not only protects the individual and their wishes when it comes to property and asset distribution, but it also protects the loved ones of the individual. It can be difficult to put our future wishes and intentions in writing; however, this can prove to be a very beneficial and vital step to take. Thus, it is important to understand how to draft an estate plan, set up a trust and what steps are necessary to make these documents valid.
Contesting a will or a trust is not unheard of. In fact, if heirs and beneficiaries do not agree with what they see and hear when an estate plan is administered, it is likely that litigation could follow. Maybe an heir believes they are owed a certain amount or a specific item or maybe they are under the impression that the estate was not properly valued, making divestments improper.
At Mason & Helmers, our experienced legal team has the skills and background to help individuals and families in the Minneapolis area understand and address any estate planning issues. Our attorneys understand that probate can be lengthy, complex and expensive; however, we are dedicated to guiding our clients through the process, protecting their rights and resolving any underlying disputes.
With regard to estate valuation, this is a step that should be taken carefully when an estate plan is drafted; however, it is also something that will be looked at when an estate plan goes through probate. Beneficiaries and heirs may seek information to fully understand what is included in the estate plan, how much it is worth and what they are owed. Our law firm has the resources and knowledge to help our clients obtain this information, carefully sort through it and resolve these issues.
To learn more, check out our law firm’s website. Whether you are drafting an estate plan or are a named beneficiary in one, it is vital to understand what probate issues could arise and how best to address or avoid them.