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Trusts are very important because you can protect your assets from probate through a trust. The probate process can be lengthy and a trust can protect your family from this process or as much of it as possible. You and your Northern Minnesota and Wisconsin estate planning lawyer can evaluate your assets and determine whether or not probate might be an issue.
There are also different types of trusts that your attorney will review with you so you can determine which one is the best for your particular situation. You can also minimize estate taxes with trusts and, just like wills, it is important that trusts are always kept up-to-date. Any time anything changes in regards to assets, you will need to ensure those changes are applied to your estate plan so that the impact on your family is minimized as much as possible.
Wills and trusts are very valuable tools to protect assets and to make your wishes known at the time of your passing. If you do not have a will or trust or you need to update an existing will or trust, the Benjamin Kaasa Law Office can help you. To find out about your options, call us at 218-464-3397 for a consultation.