1711 County B Road West, Suite 205s, Roseville MN 55113-4057 | Find us on Google Maps | (651) 641-0001 | info@salterlawllc.com
Minnesota Estate Planning Guidance
At Salter Law LLC, our mission is simple - we provide personalized, comprehensive estate planning guidance to ensure a safe and smooth passage of your assets onto your loved ones.
Prepare for the Journey Ahead
Estate planning protects you, your loved ones, and your assets at every stage of life - whether you are just starting out, establishing your career and family, or heading into retirement and beyond.
Your estate plan:
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Your estate planning vehicle, whether a will or a trust, maps the path your assets will follow to your loved ones. We guide you to the best route based on your planning goals, your loved ones’ needs, and your specific assets because no two journeys are alike - who receives what, when, and why is unique to you.
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We don’t always know what lies ahead - choosing a trusted loved one to act as a Guardian, your Power of Attorney, and your Health Care Agent ensures your minor children are protected and your financial and healthcare decisions can be made on your behalf, if you are ever unable.
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Whenever possible, we remove roadblocks, like estate tax and probate, so your assets have a clear and easy path to your loved ones.
Which estate planning service do you need?
Our practice areas guide you through life’s transitions
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Estate Planning
Create or update your estate plan - pass your assets onto your loved ones down the road.
Our estate planning services will set you on the right path at any point on your journey.
Learn:
the differences between wills and trusts
ways to avoid probate and estate tax
how a POA & HCD protect against disability
factors in choosing a guardian for minors
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Long-Term Care Pre-Planning
If you or a loved one are concerned about long-term care costs, you’re not alone.
As we age, our need for long-term care may change how smoothly we transition to the golden years.
A recent Minnesota Appellate Court ruling should now allow for pre-planning to protect assets from future long-term care costs. We walk you through this new planning option.
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Estate Administration
When a loved one passes away, it’s difficult to navigate the journey alone.
Let us guide you through the process.
Whether there was an estate plan or not, we point you in the right direction so you can proceed with distributing your loved one’s assets and finish administering the estate.
We also adjust your estate plan, if impacted.
We think you’ll agree that, at some point, we need a guide to define the right path - and how to stay on that path.
David P. Salter
Estate Planning Attorney-at-Law
and Owner of Salter Law LLC
For 25 years, David Salter has provided estate planning guidance to his clients in the Twin Cities metro area and in greater Minnesota.
Estate planning vehicles are consistent across firms, but the level of experience in planning strategies - and the level of personal service - is highly variable.
David’s comprehensive, reliable, and personable approach ensures your estate plan will work as you intended and you will enjoy the planning process along the way.
Before you begin …
How Do I Plan My Estate?
To prepare for your initial meeting, we ask you three questions. Your answers drive which estate planning route is best for you.
Not sure if you need an estate plan?
Schedule a conversation.
We help you assess when to plan for your estate.
No estate plan? Possible bumps down the road.
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Why Do I Need an Estate Plan?
Without an estate plan, your assets are distributed following your bloodline. They won’t be passed to family outside of your bloodline, or friends, or charities.
If you become disabled and unable to communicate your wishes, you can’t choose who makes financial and healthcare decisions on your behalf until you are able again.
Your assets may be taxed and your loved ones may not receive the full value and would incur legal fees, court fees, and/or wait times before receiving your assets.
Was this your intent?
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Is Financial Planning Enough?
You may have planned your estate already with a “checkbox” - a beneficiary designation on your financial accounts.
And yes, beneficiary designations will pass an asset onto your beneficiary, at the time of your death, after completing a simple procedure and paperwork.
However, what is the size of that beneficiary’s estate? Did you inadvertently put them into estate tax territory? Do they have an estate plan?
The real question is whether that is the best estate planning approach given your goals and life circumstances.
As of May 1, 2022, our online estate planning tool, Guidr, helps the young, tech-savvy crowd create basic estate planning documents with the help and oversight of our firm. Learn more.
