Estate Planning Attorneys in Minneapolis-St. Paul MN
Minneapolis-St. Paul Estate Planning Attorneys
We would like to welcome you to The Molever Law Firm website. Our mission is to provide members of the greater Minneapolis-St. Paul community with comprehensive estate planning,tax planning, elder law, retirement planning, and financial planning services.
Estate planning involves discussing some sensitive matters, and we are fully aware of this. When you work with us, you can rest assured that you will be connecting with people who sincerely care about the well-being of families.
All responsible adults should have an estate plan in place. When you work with our firm to construct an estate plan, we will listen as you explain your objectives, gain an understanding of your financial situation, and explain your options to you.
We routinely assist clients who decide to execute wills, living trusts, health care directives, durable powers of attorney, and other more advanced estate planning instruments.
Elder law largely revolves around the issue of long-term care. Many individuals who are fortunate enough to attain senior citizen status will need some type of living assistance eventually.
Nursing home care is extremely expensive, and residence in an assisted living community comes with a significant price tag as well. It is difficult for many seniors to meet these costs without losing everything that they worked so hard to accumulate.
Since Medicare does not pay for an extended stay in an assisted living community, many people will need Medicaid (or Medical Assistance)to pay for long-term care.
Becoming eligible for Medical Assistance can take some careful planning. The rules are complicated, but with the assistance of a good elder law attorney it is possible to qualify for the program while still retaining a significant store of assets.
Retirement is not an entitlement. While most people will qualify for Social Security, the monthly benefit that you receive is probably not going to be enough to finance a truly comfortable retirement. In fact, a significant percentage of people find that they must continue to work even after they reach the age of full Social Security eligibility.
This is largely due to a lack of planning. If you devise a cogent plan for the future with the assistance of a qualified estate planning attorney and an experienced financial planner, and stick to the plan over an extended period of time you should be able to enjoy your golden years to the fullest.
Depending on the specific nature of your situation, some advanced tax and non-tax techniques may be necessary when you are planning your estate. Our expertise extends into the areas of special needs planning, planning for members of the GLBT community, financial planning, asset protection planning, legacy planning, tax efficient strategies, trust administration, and probate.