Page 14 - Ultimate Guide to Estate Planning

If you do not manage the disposition correctly
and have multiple plans in operation, you may
inadvertently leave disproportionate assets to

your intended heirs. In effect, you have
multiple estate plans in place. Let’s explore the
state sponsored distribution plan identified
above in greater detail.

The state-sponsored legislative plan for

disposing of your assets, if you do not have a
will or revocable living trust in Minnesota looks
something like:

1. if you do not have a spouse or children or
grandchildren, but your parents are still

alive, your parents will inherit everything;

2. if you do not have a spouse or children or
grandchildren and your parents passed
away, your siblings will inherit
everything;

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