Albert Lea Powers of Attorney, Wills and Health Care Directives
Whether you need to draft a will in Minnesota or create a trust and other legal instruments to minimize estate taxes or protect your assets, the attorneys at Hoversten, Johnson, Beckmann & Hovey, LLP, can help.
For a modest fee, our lawyers can draft a basic estate planning package consisting of:
- A will to tell the probate court who should receive your property when you die
- A power of attorney to designate a trusted person to handle your financial affairs if you are incapacitated and unable to do so yourself
- A health care directive to tell family members and medical providers whether you want extraordinary measures, such as feeding tubes, if you are in a terminal condition with no hope of recovery. Your health care directive also names a person to speak for you when you cannot speak for yourself.
- A transfer on death deed for real estate
Beyond basic estate planning, our lawyers provide the following types of services:
- Succession plans for farmers and business owners
- Trusts to hold assets for minor children
- Irrevocable life insurance trusts and other mechanisms to remove assets from the estate to minimize or eliminate estate taxes
- Life estates for real estate
- Medicaid planning to structure your assets, so you can qualify for Medicaid to pay nursing home expenses without depleting your assets
- Guardianship and conservatorship for caretakers, when a family member becomes incapacitated without completing a power of attorney designation