Cooper Carol S

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Map & DirectionsDirections26437 Galaxie AveFarmington, MN 55024 Write a ReviewWrite Review

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AKA: Cooper, Carol S, JD
Categories: Corporation & Partnership Law Attorneys, Attorneys, Business Law Attorneys, Business Litigation Attorneys, Divorce Attorneys, Estate Planning, Probate, & Living Trusts, Family Law Attorneys, General Practice Attorneys, Tax Attorneys, Wills, Trusts & Estate Planning Attorneys

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Phone: (651) 460-2056

Address: 26437 Galaxie Ave, Farmington, MN 55024

Cooper Carol S

Family Law

Divorce
Annulment
In the normal course of our lives, our situations change, as do the lives of those close to us. The laws that apply to us and our estates also change, sometimes by legislative action, and sometimes because of our change of residence or marital status. In Minnesota, divorce and annulment automatically revoke all Will provisions in favor of the ex-spouse, including any nomination of the former spouse as executor, trustee, conservator or guardian, unless the Will expressly provides otherwise. Usually, this reflects the wishes of the people involved; occasionally it does not.

Business and Corporate Law

Corporate Law
Choosing the best form for a business (sole proprietorship, partnership, "S" or "C" corporation, limited liability company, limited liability partnership), entity formation, buy-sell agreements, purchases and sales of businesses, advising small business owners
Business Disputes
Attorney Carol Cooper has over thirty years of experience in estate planning, probate, taxation, business law, contracts and real estate. If you have concerns in any of these areas, please feel free to contact her. There is no charge for your initial consultation, up to one half hour.

Property Law

Landlord-Tenant Disputes

Trusts and Estates

Estate Planning
Carol has over 30 years of experience in the areas of Estate Planning, Probate, Taxation, Business, Corporate and Real Estate. She is a member of the Minnesota State Bar Association and the First District Bar Association.
Wills
Wills, Powers of Attorney, Health Care Directives ("Living Wills"), Revocable ("Living") Trusts, Irrevocable Trusts, specialized trusts designed to avoid estate taxes, probate
Trusts
Probate is avoided on an asset-by-asset basis. Some types of assets automatically pass outside of probate, as long as there is a designated beneficiary other than your estate -- these include life insurance, retirement plans and annuities. Other types of assets, such as real estate and bank and investment accounts, may pass outside of probate if they are titled in joint tenancy or have a POD (pay-on-death) or TOD (transfer on death) beneficiary named. Revocable trusts, also called Living Trusts, can be also be used to avoid probate by transferring assets into the trust while you are still living.
Power of Attorney
One very simple way to allow someone else to handle your finances WITHOUT adding him or her as an owner on your account is to name them in a Power of Attorney. Once the Power of Attorney is correctly prepared and executed, if it is brought to the bank, the bank will keep a copy in its records and after that the person can sign checks on your account. Another way to accomplish this is through the use of a revocable trust (also known as a "living trust"). Either method is much, much safer than adding someone as an owner on your bank account.
Probate
What happens if I die without a Will? That's impossible to predict with any certainty. Because probate law changes from time to time, it's impossible to tell for sure what the rules will be at some unknown future date. If you move to another state before your death, the law that will apply to your estate may or may not be the same as we now have in Minnesota. Even if all of your assets are "non-probate property," you have designated the beneficiaries you wish to receive the property, it is usually impossible to tell ahead of time whether you will out live your beneficiary. If you do, the asset may cease to be a non-probate asset, and if it does it will be subject to whatever the applicable probate law requires.

Finance Law

Tax Law

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