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Trusts & Trust Administration

Minnesota Estate Planning and Trust Lawyer

Do you need a will or a trust? Do you know how to get one? Want to find out?

Please contact the law offices of G. Martin Johnson, Ltd., Attorney at Law, in Burnsville and Minnetonka. We offer quality legal services to individuals and families south of the river and throughout the Twin Cities metropolitan area. With 30 years of experience in tax law and accounting, attorney Martin Johnson will be happy to answer your questions about wills and trusts and he will help you consider your options.

Experienced, Dedicated, Trustworthy
Free Consultation • E-mail or Call 952-881-9758 TODAY

Trusts are a means of transferring property or assets from the owner of the property to another person or institution. You select a trustee to manage your assets. There are many kinds of trusts. Some only go into effect when the owner of the property (known as the "grantor") dies. Others, known as living trusts, have the option of taking effect immediately or only after the grantor dies. Revocable trusts can be revoked or changed after they are created. Irrevocable trusts cannot.

Trusts are useful in a variety of circumstances, including:

  • When a spouse is unable or unwilling to manage assets
  • When there are spendthrift concerns regarding
  • Minor children
  • Other heirs who are unlikely or unable to manage money wisely
  • When a beneficiary is disabled
  • When there are blended families
  • When assets are located in multiple states
  • When creditors are a problem

Why Choose an Irrevocable Trust?

If an irrevocable trust cannot be changed once it is created, why would someone choose this option for his or her estate? Because it offers significant tax advantages. If the grantor wants to avoid income and estate taxes and probate, an irrevocable trust may be the best option. It is also possible to create more than one trust.

Experience You can Count On

For more information about trusts or for a free consultation with a knowledgeable and helpful Minnesota trusts attorney, please contact our law firm by e-mail or by calling us at 952-881-9758. We look forward to serving you.