North Dakota Estate Planning
From time to time you may have wondered if you need a last will and testament, or other estate planning documents. Under North Dakota law, you must be at least 18 years old and "of sound mind" to create a legally binding will—and everyone who meets those requirements should take steps to create a will. An estate planning attorney can guide you through the process.Your estate planning lawyer may also recommend other estate planning tools that could be beneficial, including:
- Living trust, which is used in place of or in addition to a last will and testament as a tool to help pass assets onto beneficiaries after your death
- Financial power of attorney, which lets you empower someone (your attorney in fact) to take certain financial and legal actions on your behalf
- Healthcare power of attorney, which lets you designate someone (your surrogate) to make medical decisions on your behalf if you become incapacitated
- Living will, which lets you explain how you'd like to be treated and what lifesaving measures (if any) should be taken in end-of-life situations
Estate Planning to Safeguard Your Financial Future
It's a common misperception that estate planning only deals with what happens to you after you die. Nothing could be further from the truth. Of the most common estate planning tools, the financial power of attorney, healthcare power of attorney and living will, for example, are for the living and become null and void upon your death.
Any number of circumstances can quickly drain your savings, leaving you with little or no money, or in debt: A job loss, a lawsuit judgment against you, or a serious medical crisis. One of the most useful aspects of estate planning is that it can help you preserve and protect your assets—such as money, real estate and possessions—now, so it's available to you down the road when you're retired or if you want to ensure it's available to pass onto your children.
Find & Hire Local North Dakota Estate Planning Attorneys
Attorneys.com offers a lawyer referral service that can help you locate estate planning lawyers and probate attorneys across North Dakota, including in Fargo, Grand Forks and Bismarck. To use this free, no-obligation service, complete the form on this page or call us at 877-913-7222. We'll ask you a few simple questions, then quickly match you with a local lawyer.