Top Bloomington, MN Trusts Lawyers Near You
Tailored Legal Services To Ensure The Effective Control, Maintenance And Disposition Of Assets During Life And After Death.
Creating An Estate Plan That Reflects Your Values
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We focus on helping clients select the right trust for their unique situation. Call today to schedule your free consultation.
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Skilled Assistance With Trust And Estate Litigation! We Understand Trust And Estate Disputes, Both In Terms Of The Legal Issues And The Toll It Can Take On Individuals. We Can Help
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Personalized, comprehensive estate planning. Protecting you, your loved ones, and your assets. Call now for a free consult.
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Marcus Urlaub has been named to Minnesota Monthly Top Lawyers in Minnesota 2025 list for trusts/estates law. Focus in disputes.
120 South 6th Street, Suite 100, Minneapolis, MN 55402
Union Plaza, 333 Washington Avenue North, Suite 300, Minneapolis, MN 55401
4856 Banning Ave, White Bear Lake, MN 55110
5050 France Avenue S, Suite 150 PMB #200, Edina, MN 55410
7650 Edinborough Way, Suite 500, Minneapolis, MN 55435
2600 Eagan Woods Drive, Suite140, St. Paul, MN 55121-1152
225 South Sixth Street, Suite 2800, Minneapolis, MN 55402
, Eden Prairie, MN 55346
225 South Sixth Street, Suite 1800, Minneapolis, MN 55402-4110
13911 Ridgedale Dr, Suite 390, Minneapolis, MN 55305
1570 Concordia Avenue, Suite 200, St. Paul, MN 55104
880 Sibley Memorial Highway, Suite 114, Mendota Heights, MN 55118
7300 Hudson Blvd. N., Suite 109, Oakdale, MN 55128
7900 Xerxes Avenue South, Suite 2000, Bloomington, MN 55431
6600 France Avenue South, Suite 465, Edina, MN 55435
401 Groveland Ave, Minneapolis, MN 55403
25 Ninth Avenue North, PO Box 458, Hopkins, MN 55343
1611 Country Road B West, Suite 315, Roseville, MN 55113
1000 Twelve Oaks Center Drive, Suite 100, Wayzata, MN 55391
225 South 6th St, Suite 2900, Minneapolis, MN 55402
150 South 5th Street, Suite 2825, Minneapolis, MN 55402
330 Second Avenue South, Suite 350, Minneapolis, MN 55401
Eagan Oaks Ln Eagan, 3563 Woodland Court, Eagan, MN 55123
100 Washington Avenue South, Suite 1300, Minneapolis, MN 55401
5101 Thimsen Avenue, Suite 200, Minnetonka, MN 55345
Bloomington Trusts Information
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What Is a Trust?
A trust is a legal arrangement in which you transfer your assets to another party to hold and manage for the benefit of your beneficiaries. Trusts are widely used in estate planning to ensure that loved ones are financially secure in the years to come. Because trust and estate laws can be complicated, it is recommended to consult with a trust lawyer near you, as each state has its own laws. There are several distinct types of trusts, including:
- Asset protection trusts
- Charitable trusts
- Constructive trusts
- Family trusts
- Irrevocable trusts
- Living trusts
- Revocable trusts
- Special needs trusts
What Are Some Examples of Situations Where I Might Need a Trust and Estates Lawyer?
Most people think of a trust as something they only need to consider when they pass away. However, a trust can be something you can benefit from during your life and provide for your family after death. Trust planning can help manage property and assets, gain tax advantages, and avoid probate. You should consider a trust when you:
- Have significant financial assets or property
- Have family members with special needs
- Want to distribute assets to charitable groups or religious organizations
- Want to protect your privacy
- Need to preserve assets for minor children
- Have major life changes
How Can a Trust Lawyer Help Me?
An experienced lawyer can give you the backing you need to navigate the legal system and find the best possible results for your case. Because laws are different from state to state, speaking with a lawyer in Minnesota is critical in understanding all the elements of your situation and making the best decisions when it comes to your estate planning. A trust lawyer can help with:
- Trust creation
- Asset management and protection
- Estate planning
- Trust administration
- Modification or termination of your trust
- Trust disputes and litigation
What Could Happen if I Don’t Hire a Trust Lawyer?
If you don’t hire a trust lawyer, your assets will pass under Minnesota probate laws. Probate can tie up your assets for months or years. If your beneficiaries are fighting over the assets, it can take longer and cost your estate money. With a trust, the property can pass outside of probate. You can also have more control over what happens to your estate after death. If you don’t have a trust, your loved ones may have to deal with:
- Estate taxes
- Delays in probate
- Fighting legal challenges over assets and property
- Property passing through intestacy
What Are the Top Questions When Choosing a Trust Lawyer in Bloomington?
These questions can help you decide if you feel confident that a lawyer has the qualifications, experience, and ability to manage your trust case. Many trust and estate lawyers offer consultations that allow you to understand your options and get specific legal advice before hiring them. The top questions to ask include:
- What type of trust is most suitable for my situation?
- What are the benefits and drawbacks of creating a trust?
- How can a trust be used to address my specific concerns or goals?
- What is the process for creating and funding a trust?
- How will the trust be administered?
- What are the potential tax implications associated with a trust?
- How much will all of this cost?
Tips for Hiring a Trusts Lawyer
Taking the time to find a lawyer who is right for you and will represent your best interests is an important first step in protecting your finances. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about billing and fees
- Trust your instincts