Our Story (Copy)
Our Story (Copy)
Trusts
Wills
Probate
Health Care Directives
Power of Attorney
Business Formation
Affidavits-Survivorship and Small Estate
Estate Tax Avoidance Trusts
Trusts for Minors
Free Educational Seminars
I help individuals and families understand and avoid probate by creating Wills, Trusts, Health Care Directives, and Powers of Attorney. I also assist small businesses in forming a Corporation (“Inc.”) or a Limited Liability Company (“LLC”) and offer select real estate legal services.
Estate planning can seem overwhelming. I enjoy educating groups of any size about avoiding probate, the difference between Wills and Trusts, the importance of Health Care Directives and Powers of Attorney, and choosing guardians, executors and trustees. Please contact me if you'd like me to present at your businesses, church, non-profit, senior living facility, mom’s group, community education class, and community organization.
I am passionate about helping my clients protect their families and businesses. I believe much of my success comes from taking time to listen to my client’s needs and responding with compassion. With passion and care, along with my 17 years of legal experience, I can help make sure you and your family are prepared should something happen to you.
If you don’t know how to get started, give me a call or send me an email. I can help assess what you can begin to think about and how to begin the process.
Rebecca M. Nguyen is the owner and attorney at Rebecca M. Nguyen, PLLC in Minneapolis, Minnesota and is a Minnesota licensed Attorney practicing in the State of Minnesota.
Rebecca graduated from Bethel University with a BA in International Business before heading to the University of St. Thomas School of Law. While at UST School of Law, Rebecca participated in the UST Immigration Law Clinic and worked at a local Twin Cities law firm.
After graduating in May 2005 and being admitted to the bar in the fall of 2005, Rebecca worked for a busy estate planning firm in Plymouth, MN from November 2006 to June 2009. In June 2009, she opened her own firm focused on the areas of Estate Planning and Business Formation.
ACTIVITIES & AFFILIATIONS
State Bar of Minnesota
UST School of Law, Immigration Law Clinic (2005)
Member of Minneapolis Area Senior Workers Association (MASWA), Senior Workers In Marketing (SWIM), Northern Senior Living Network (NSLN), North Metro Marketing, and Strategic Referral Network (SRN) – secretary (all 2007- present)
Northwest Conference of the Evangelical Covenant Church, Board Member, Secretary, Personnel Committee Member, 2014-2018
Volunteer with youth and children at Brookdale Covenant Church, Brooklyn Center, MN
EDUCATION
Bethel University, St. Paul, MN, B.A. in Business (International emphasis), Minors in Modern World Languages and Small Business Management, 2002
University of St. Thomas School of Law, Minneapolis, MN, Juris Doctorate, 2005
CONTACT
Rebecca@RebeccaMOlsonPLLC.com | (651) 249-9419
Send me an email or give me call, even if you’re not sure if you’re ready to start the process. I am happy to answer your questions.
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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.
