Sjoberg & Tebelius, P.A.
Serving Minnesota & Western Wisconsin
651-315-8856

Estate planning tips for every stage of life

family2.jpgToo many people make the mistake of thinking that an estate plan is only necessary when you enter the golden years. They think that until people are retired or struggling with a serious illness, there is no need to legally protect their assets, property, or loved ones.

This can be a costly assumption should the unexpected and catastrophic occur. In other words, proactive planning can benefit a person at any age.

Estate planning for people who are young, unmarried and without kids

Even though your assets may be few, you can still benefit from estate planning at a young age.

For instance, you can complete an advanced healthcare directive (or living will) to provide critical guidance to your family in the event you become medically incapacitated. You can also document your wishes regarding things like digital asset management and funeral arrangements. 

Estate planning for people who are middle-aged with kids, either married or divorced

At this stage, you have more people and more assets to protect. In addition to deciding how you want your assets distributed, you might also think about creating trusts, naming guardians, and proposing an administrator of your estate. 

You will also want to update your will to reflect any marriages, divorces, or births and re-evaluate your designated beneficiaries on life insurance contracts and investment accounts.

Estate planning for people who are approaching retirement or are retired

At this point, hopefully you have an estate plan in place, so you will want to be sure you regularly review and update the one you have.

Making sure your will and other elements of your plan are still current and reflective of your wishes will be crucial. This can be especially true as family members move away or predecease you, as your medical needs increase, and/or your assets change. 

Legal support can be crucial at every stage

No matter what stage you are at when it comes to long-term care and estate planning, a legal representative can serve as a valuable guide to help you create and revise a plan that suits your needs.

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  1. “Thank you for providing personalized professional services to us during a time of grief and loss when family relationships were not the best. With an attorney on board to help manage legal matters, everyone had confidence that the best was being done. ”

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  2. “Our estate plan was handled well. We never felt rushed and all details were fully explained. Sam is very professional, easy to talk to and experienced in all aspects of estate planning. He gave examples and explored alternatives for us to consider. Well done and thanks.”

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  3. “I was given the name of the law firm by a family friend after helplessly pilfering through endless names on websites. I am grateful I called. I was connected with Dave Meier immediately and from the go, was treated with dignity, care and respect. Every visit to the firm was pleasant and professional. ”

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  4. “We were highly impressed upon the level and capability of Sjoberg & Tebelius. They gently showed us that there was much more to achieving the Will in the correct format that will protect our children than the quick attempts we had made on our own. Great people to work with - achieving our desired results!”

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Over 30-years of experience Serving Minnesota & Western Wisconsin

Sjoberg & Tebelius, P.A.
Woodhill Office Park
2145 Woodlane Drive, Suite 101
Woodbury, MN 55125

Toll Free: 888-892-7044
Phone: 651-315-8856
Fax: 651-738-0020
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