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Minnesota Estate Planning Process with Lawyer Neil Thompson

At the Law Office of Neil Thompson, we meet with you, answer all of your questions, and educate you about your estate and life planning options. Then, after all of your questions have been answered, and we have done our best to educate you, you select the level of planning you want to protect your assets. Every estate plan is customized to our clients’ specific family dynamics, and we will review your plan with you every three years or after a life-changing event. Our Minnesota law firm has developed over 1400 estate plans, and not one of them is identical to another. Let us take care of your future so you can focus on the present.

Our Steps for Building Your Minnesota Estate Plan

  • Starts with a Wealth Planning Session, which is an in-depth interview, planning, and education session to determine the individual client’s needs and wants. The Wealth Planning Session usually takes two hours.  Prior to the session, you do have some homework in providing us with answers to a questionnaire at least three days prior to our meeting.  Whether we work together or not, your homework will get you more organized.
  • Your Wealth Planning Session is a time to become familiar with our services and for both of us to see if we are a good fit to work together. If you are ready to move forward, You Select one of three levels of estate planning (Family, Trust, or Wealth Plans), thus also picking the fees you pay for our services.  Our fees are package/plan priced with no surprises.
  • Family Plan, for individuals and families just starting out in life with few assets and on a tighter budget.
    • Last Will and Testament
    • Statutory Power of Attorney
    • Health Care Directive Short Form
    • Legacy Interview (recorded) with your Thoughts and Wishes to family
    • Develop a Kids Protection Plan for your children
    • Review your estate plan every three years and/or after life-changing events
    • DocuBank (5-year subscription to a Confidential Online Database for all medical, legal, and financial documents) Health Care providers have access to your Health Care Directive.
  • Trust Plan, for individuals and families with children, with developing assets, wanting to protect children, provide during life planning, provide for special needs children and spouses and asset protection trusts.
    • Revocable Living Trust
    • Pour Over Last Will and Testament
    • Special Needs or Asset Protection Trust, if needed
    • Certificates of Trust
    • Health Care Directive Long Form
    • Health Care Instructions to Health Care Agents
    • Minnesota Statutory Power of Attorney
    • Durable and/or Springing General Power of Attorney
    • Instructions on how to fund (move your assets) your trust
    • Legacy Interview (recorded) with your Thoughts and Wishes to family
    • Develop a Kids Protection Plan for your children
    • Review your estate plan every three years and/or after life-changing events
    • DocuBank (5-year subscription to a Confidential Online Database for all medical, legal, and financial documents) Health Care providers have access to your Health Care Directive.
  • Wealth Plan, for individuals and families with children/grandchildren, wanting extensive asset protections, protecting children, providing during life planning, providing for special needs children and spouses, Medicaid/Medical Assistance Planning. Elder planning for nursing homes and assisted living. Asset Protection trusts.
    • Pour Over Last Will and Testament
    • Revocable (Living) Trust
    • Irrevocable Trust, if needed
    • Special Needs Trust, if needed
    • Medicaid/Medical Assistance Planning and Medicaid Trusts, if needed.
    • Certificates of Trust
    • Health Care Directive Long Form
    • Health Care Instructions to Health Care Agents
    • Minnesota Statutory Power of Attorney
    • Durable and/or Springing General Power of Attorney
    • Our office will prepare and complete the asset transfers necessary to fund the Trust
    • We work extensively with your Financial Planner and Accountant
    • Develop a Kids Protection Plan for your children or grandchildren688627
    • Instruction letters to Trustees, Successor and Contingent Trustees, Co-Trustees, and Trust Protectors
    • Legacy Interview (recorded) with your Thoughts and Wishes to family
    • Review your estate plan every three years and/or after life-changing events
    • DocuBank (5-year subscription to a Confidential Online Database for all medical, legal, and financial documents) Health Care providers have access to your Health Care Directive.

If you or a loved one need an experienced Minnesota attorney to handle your simple or complex estate plan, elder law needs, or to create a cabin trust, it’s time to contact Neil Thompson, Attorney at Law at his Bloomington/Minneapolis law firm. We welcome you to contact us to learn more about how we can help meet your legal needs.

Kids Protection Plan

What is a Kids Protection Plan? Your Kids Protection Plan is a set of instructions, legal documents, and an emergency wallet card – all of which you need to have if you have kids at home who count on you for their well-being and care.

If you are in an accident, your Kids Protection Plan will make sure your children are never taken into the custody of Child Protective Services, strangers, or the care of anyone you would not want. This protection is vital when the authorities don’t have clear instructions from you.

Your Kids Protection Plan will ensure your children are raised by people you choose, not someone chosen by a judge who doesn’t know you.

Contact us to get started with your Kids Protection Plan today!

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