Offering Individuals, Couples, Domestic Partners, Families and Small Business Owners Practical Estate Planning Solutions
For over twenty years, we have provided outstanding legal representation to individuals, married couples, domestic partners, families
and small business owners throughout the Twin Cities metropolitan area. We are proud to offer our clients a broad-based foundation of
estate planning experience and knowledge.
Estate Planning Documents
Wills are the fundamental document of an estate plan. A will makes your wishes known regarding your assets (bank accounts,
brokerage accounts, stocks, bonds, mutual funds, real estate, etc.) when you die. It's also the document that expresses
your wishes for deciding who will care for your children if you die before they reach age 18.
There are many types of trusts, each addressing a different estate planning need. There are living revocable
life insurance trusts and special and supplemental needs trusts, to name a few. For clients who wish to benefit a charity as well as
receive supplemental retirement income, a charitable remainder trust is an option. A consultation with us can help you decide if one
of these trusts is right for you.
Trusts can also address elimination or minimization of estate taxes. In Minnesota, you will owe
estate tax if your assets exceed $1,000,000 at your death. Although you may think the Minnesota estate tax may not apply to you, if
you add up the value of your home, cabin, retirement plans, life insurance and all of your other assets, you may be surprised by the
On the federal side, for the year 2013, you have an exemption amount of $5,250,000 before you owe estate tax.
Health Care Directive
A Health Care Directive gives your spouse, adult child, other relative, trusted
friend or domestic partner the authority to take care of health care matters on your behalf if you become mentally or physically
unable to do so. A Health Care Directive makes your wishes clear to your family, health care providers and the courts.
Power of Attorney
A Power of Attorney, sometimes called a Financial Power of Attorney, gives your spouse, adult child, other relative, trusted
friend or domestic partner the authority to take care of legal and financial matters on your behalf if you become mentally or
physically unable to do so.
Guardianship and Conservatorship
If you have a family member who is no longer able to manage his or her affairs, a guardianship may be needed. A guardianship
is established through a court proceeding where a referee (judge) hears evidence and determines whether the guardianship is needed.
A guardian decides where the incapacitated person (ward) lives, makes medical decisions on his or her behalf and controls
If the family member has financial assets in need of protection, the referee (judge) may also appoint a conservator.
Contact us for a complementary consultation.
Press Law Office, PLLC
Park Place East
5775 Wayzata Boulevard Suite 700
St. Louis Park, MN 55416
Contact Attorney Steven M. Press at
612.338.8927 or 952.525.2297
Contact Attorney Jody A. Cohen Press at 952.525.2298
We represent individuals, married couples, domestic partners and small business owners
throughout the greater Twin Cities metropolitan area.