A note from Rebecca

Trusts

Wills

Probate

Health Care Directives

Power of Attorney

Business Formation

Affidavits

Survivorship

Small Estate

Estate Tax Avoidance Trusts

Trusts for Minors

Free Educational Seminars

Estate planning can seem overwhelming, but it’s just as important as filing your taxes or maintaining homeowners’ insurance. That’s why I am so passionate about helping individuals and families understand the importance of avoiding probate and legal battles among their heirs by creating Wills, Trusts, Health Care Directives, and Powers of Attorney. 

I’ll help you select guardians, personal representatives, and trustees to protect your family and business. My success comes from taking the time to listen to your needs and responding with compassion and a strategy to protect your assets. With passion and care, along with my 19+ years of legal experience, I can help make sure you and your family are prepared when the inevitable happens to you. 

I am also available to present to your business, church, non-profit, senior living facility, mom’s group, or community organization about avoiding probate, the difference between Wills and Trusts, the importance of Health Care Directives and Powers of Attorney, and choosing guardians, personal representatives, and trustees.

Lastly, I assist small businesses in forming a Corporation (Inc.) or a Limited Liability Company (LLC) and offer select real estate legal services. 

If you are ready to get started, give me a call or send me an email. I’ll help you think through the important decisions that need to be made and walk you through the process from beginning to end. 

Let’s get estate planning off your to-do list so you can enjoy life with the peace of mind that comes with having a plan for incapacity or death. Send me an email or give me a call. Even if you’re not sure if you’re ready to start, I am happy to answer your questions.

Best,

Rebecca M. Nguyen

Rebecca@RebeccaMOlsonPLLC.com   |  (651) 249-9419  

About Rebecca

Bachelor of Arts

Bethel University, International Business, World Language AND Small Business Management, St. Paul, MN, 2002

Juris Doctorate

University of St. Thomas School of Law, Minneapolis, MN, 2005

Rebecca M. Nguyen is the owner and attorney at Rebecca M. Nguyen, PLLC and is a Minnesota Licensed Attorney.

In 2005, Rebecca received her Juris Doctorate from the University of St. Thomas School of Law, was admitted to the Minnesota bar, and began working for a busy estate planning firm in Plymouth, MN.

In June 2009, she opened her own firm and has been serving clients across Minnesota ever since.  Rebecca is an active member of the community and lives in Minneapolis with her husband and son.

Let’s get started

FIVE ESTATE PLANNING MYTHS

1. I need to be rich in order to need an estate plan   

An estate plan is for average people. An estate plan is needed if you have minor children, want to gift money to organizations, charities, or friends, have $75,000 in assets in your name alone without beneficiary, own real estate in your name alone, or have special needs children.

2. If I have a will, my family will avoid probate

Having a will is important but you won’t avoid probate if you have more than $75,000 in assets or real estate in your name alone. Probate is at minimum a four month process and means your family will incur an average of $2,000 in attorney’s fees, plus $500 in other fees. Additionally, probate notifies creditors and the public has access to the files. 

3. I don’t have $5 million, so at least I won’t owe estate taxes

Minnesota exempts assets up to $3 million. If the amount over $3 million is going to someone other than your U.S. Citizen spouse, it could be taxed at a top rate of 16%. And don't forget, life insurance proceeds are included. An estate plan that includes a disclaimer trust is one option to avoid taxes. Federal estate taxes start on estates that are $12.92 million with a top rate of 40%.

4. My spouse and/or children will be able to make financial and health care decisions for me without any documents

Banking, legal and health care decisions require a Power of Attorney (POA) or a Health Care Directive (HCD).  Everyone over 18 needs a POA to designate someone to make legal and financial decisions, and a HCD to designate someone to talk to doctors, look at medical records, and make health care decisions. 

5. Trusts are just for the ultra-wealthy

Trusts can be beneficial if you own real estate in your name alone- whether you are young or old. Ultimately, having a trust means your estate can avoid probate, it keeps your information private, ensures there is no wait following your death, and allows you to determine flexible arrangements.