Eden Prairie Trust Attorney
Experienced Trust Planning Services for Individuals and Families in Eden Prairie
Many people assume trusts are only necessary for wealthy individuals or complicated estates. In reality, trusts are versatile estate planning tools that can help Eden Prairie residents protect their assets, provide for loved ones, and preserve their legacy. Whether you're planning for young children, managing a family business, or looking to avoid probate, a trust can provide valuable peace of mind.
At Guttman Law, PLLC, we help individuals and families throughout Eden Prairie create customized trust-based estate plans that align with their personal and financial goals. Our attorneys take the time to understand your unique circumstances and recommend solutions that support both your immediate needs and long-term objectives.
Contact Guttman Law, PLLC today to schedule a consultation with an experienced Eden Prairie trust attorney.
Why Consider a Trust?
While a will is an essential part of many estate plans, trusts offer several advantages that can provide greater flexibility and protection. A trust allows you to appoint a trustee to manage assets on behalf of your beneficiaries and determine how and when those assets are distributed.
Benefits of establishing a trust may include:
- Avoiding probate and simplifying the transfer of assets.
- Maintaining privacy, since trusts generally do not become public records.
- Protecting beneficiaries and providing long-term financial oversight.
- Planning for incapacity through successor trustee provisions.
- Preserving wealth and potentially reducing estate taxes.
- Creating customized instructions based on your family's needs.
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We have wanted to start our estate planning for many years but simply didn’t know where or who to go to to start the process. Once I heard about Matt on the radio and looked at his profile on-line I knew he was the right person to contact. After our first meeting with him we were impressed how detailed he was in explaining the process and what we would need to do to make sure we had our estate plan in place. Matt was very friendly and made us feel comfortable with the entire process from start to finish. I would recommend Matt to anyone who needs help getting started to plan their estate.- Chad D.
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Flawless execution of the requested documents. Efficient, comprehensive review of our needs, and clear explanations of each step in the process. Highly recommend.- Marcia E.
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Matt and his team at Guttman Law were fantastic to work with! They were great listeners, provided me peace of mind and guidance when needed, answered all of my questions and were always so nice to talk to. I’d highly recommend using them for all of your estate planning needs.- Toni G.
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Matt Guttman was recommended to me by a professional I trust. I also heard him speak and answer questions at my accountant’s firm when he gave a seminar about “What to include in your will.” He is knowledgeable and responsive. My husband and I chose to work with him five years ago to develop our estate plan (including wills and healthcare plans). Due to changes in our family, we updated our documents recently. Matt and his staff were friendly and efficient in helping us through that process. I recommend him highly.- Bev S.
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What an absolute pleasure to work with Guttman Law on our family's living trust. I highly recommend Matt Guttman and the Guttman Law team ... they are truly the best and we sincerely appreciate their dedication, professionalism and commitment to our family. Thank you. Matt and team!- Steve
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Jamie and team were incredibly helpful and professional. I would recommend them to anyone seeking assistance with estate planning.- Michael T.
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My spouse and I were very happy with the effort of Mr. Guttman and the staff in producing a highly detailed trust for us. Our goal of protecting our life savings to the benefit of our children has been realized,. We very much appreciated the personal service and care of the Guttman Law office.- Linda B.
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I have known and worked with Matt Guttman and his staff for five years. They have consistently shown courtesy and competency, professionalism and friendliness. I highly recommend that you use their services when planning your estate.- Les T.
Why Choose Guttman Law, PLLC?
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Highly Personalized Approach
We take the time to understand the complexities of your situation and develop an individualized approach.
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Our Goal Is To Educate ClientsWe seek to not only provide a service to our clients but to educate them every step of the way.
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We Help Clients Navigate Every Step of the Process
We are here to support our clients throughout their estate planning journey.
Types of Trusts Available to Eden Prairie Residents
Every family's situation is different, which is why trusts are highly customizable. Common trust options include:
Revocable Living Trusts
Revocable living trusts allow you to maintain control of your assets during your lifetime while ensuring a smooth transfer of property upon death. These trusts can be amended as circumstances change and are a popular option for families seeking to avoid probate.
Irrevocable Trusts
Irrevocable trusts can provide enhanced asset protection and tax planning benefits. They are often used for long-term wealth preservation and charitable giving strategies.
Special Needs Trusts
Families with loved ones who receive government benefits may use special needs trusts to provide additional support without jeopardizing eligibility for programs such as Medicaid or Supplemental Security Income.
Testamentary Trusts
Created through a will, testamentary trusts become effective after death and can help manage inheritances for minor children or beneficiaries with unique financial needs.
The Trust Creation Process
Creating a trust begins with understanding your goals. At Guttman Law, we guide Eden Prairie clients through every step, including:
- Reviewing your assets and family circumstances.
- Determining the right type of trust for your needs.
- Selecting trustees and beneficiaries.
- Drafting customized trust documents.
- Funding the trust with appropriate assets.
- Reviewing and updating the plan as life changes.
Our goal is not simply to create documents but to help you understand how each component of your estate plan works and why it matters.
