Dunlap & Seeger, P.A.
schedule a consultation 507-316-0628
We Know You
We work with local clients and clients throughout the country who are looking to continue to build a sense of community in Rochester.

Using estate planning to protect financial assets

For many people in Minnesota who have worked hard to earn and accumulate financial assets, one of their top priorities is keeping everything safe. While there are many ways that a person could consider doing this, some methods are significantly more secure and beneficial than others. Assessing a person's needs is important before he or she makes the decision about which method will provide the most benefit. 

According to Money Crashers, one of the best ways for people to protect their financial assets is to invest in a retirement account. Often, these accounts are designed for ultimate safekeeping and thus prevent people from withdrawing any funds until they reach a certain age. Should they rescind their agreement and opt out at an earlier time, they may be faced with a penalty. People should do thorough research into the various types of retirement accounts available to them before settling on their decision so they can make sure they are getting optimal protection and tax benefits. 

U.S. News reminds people that if they wish to keep their money circulating in their own family, they have many options to consider in terms of asset protection. For example, they should carefully choose who they list as beneficiaries and they may even consider gifting some money before they die. Other suggestions include implementing a trust or articulating their plan in the form of a will. Roth accounts are another option that people may use instead of a traditional retirement account. Whatever their final decision, people will benefit from taking their time to learn about their benefits and their responsibilities so they can confidently continue to protect their hard-earned financial assets. 

No Comments

Leave a comment
Comment Information

Contact Us Today Our lawyers listen carefully to your goals and concerns while helping you obtain the best results possible. Call 507-316-0628 or fill out the form to email our team.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Dunlap & Seeger, P.A.
30 3rd Street SE
Rochester, MN 55904

Toll Free: 800-636-2689
Phone: 507-316-0628
Fax: 507-288-9342
Rochester Law Office Map