Sjoberg & Tebelius, P.A.
Serving Minnesota & Western Wisconsin

Think You Have Nothing Worth Protecting with an Estate Plan? Think Again.

lonelycat.jpgWhen people think about estate planning, they typically think about the plans that protect properties, investments, and inheritances for children. 

While these are all certainly important to address, there are numerous other non-financial assets that are worthy of protection in your estate plan.

For example:

  1. Pets: You may not have children, but you could have a wrinkled hairless cat (or some other kind of pet) that you treat like your child. If you pass away or become incapacitated, your pet will need someone else to care for him or her, and you probably don't want to chance it to the shelters. With an estate plan, you can select someone you trust to take custody of your pet. You can also identify any financial resources that should follow your pet to its new caregiver and provide for his or her care.
  2. Medical Care: If you are incapacitated and cannot express yourself, you will need others to make medical decisions on your behalf. In many cases, these won't be easy decisions for your loved ones to make, unless they have direction from you. By appointing a person to make these decisions and documenting any specific wishes you have, you can make things much easier for your loved ones.
  3. Financial Control: If you become incapacitated, you will also need someone to handle your finances. This can include paying a mortgage and utilities, managing bills that you might have on auto-payment and determining how to pay your medical expenses. Granting power of attorney to someone who can handle these responsibilities can minimize costly loose ends.
  4. Digital Life: Shutting down certain accounts, preserving photo files, addressing your library of movies and music, and searching for pertinent information in your emails are all things that may need to happen after a person's passing. However, these systems are generally built to keep people out and keep information secure. As such, you will need to give permission and login information to someone you trust to handle your digital presence. You can do this in an estate plan.

These non-financial assets may not have much financial value, but they still warrant protection with an estate plan. Anyone with questions or concerns about these or other assets can discuss their specific situation with an experienced attorney.

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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.

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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