Colyer Law Office

Attorneys, Business Law Attorneys, Business Litigation Attorneys

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(952) 476-8164Call Visit WebsiteVisit Website Map & DirectionsDirections641 Lake St E Ste 229Wayzata, MN 55391 Write a ReviewWrite Review

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Mon - Fri:	8:00 am - 5:00 pm

Places Near Wayzata with Attorneys

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Loretto (14 miles)

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Email: Email Business
BBB Rating: A+
BBB Rating and Accreditation information may be delayed up to a week.
Location: Marquee PL
Neighborhood: Plymouth - Wayzata
AKA: Colyer Law Office PA
Other Link: https://colyerlaw.com
Categories: Attorneys, Business Law Attorneys, Business Litigation Attorneys, Estate Planning Attorneys, Estate Planning, Probate, & Living Trusts, General Practice Attorneys, Real Estate Attorneys, Tax Attorneys, Trust Companies, Wills, Trusts & Estate Planning Attorneys

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Details

Phone: (952) 476-8164

Address: 641 Lake St E Ste 229, Wayzata, MN 55391

Website: https://colyerlaw.com

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Colyer Law Office

Business and Corporate Law

Business Disputes
Real estate, small business law, wills and estate planning attorney serving Minneapolis, Wayzata and the surrounding Twin Cities area.
Small Business Law

Trusts and Estates

Estate Planning
Jeff Colyer is a member of the Minnesota State Bar Association and Hennepin County Bar Association. He has practiced law and worked in the trust and estate planning field for the past thirty years. He has been with the trust departments of Marquette Bank Minneapolis and Wells Fargo Bank Wayzata and with the United States Treasury Department. Colyer Law Office is located in Wayzata MN.
Wills
A health care directive (i.e. living will) is a document providing advance directives on an individual's health care preferences, especially in case of terminal illness or permanent unconsciousness. Many people hold strong opinions about heroic measures and life-support machines, and living wills offer an opportunity to formalize their wishes. Laws on living wills vary widely from state to state, so it is important to comply with local laws to ensure preferences will be honored.
Trusts
Trusts enable the trustor to determine who receives the money, when they receive it, and what conditions must be met. Many people wish to spare their relatives from going through probate, and living trust assets are not subject to probate. Because there is no probate, survivors do not have to reveal the extent of the living trust's assets through a public filing as happens with probate. If the trustor holds real estate in more than one state, a living trust covering the property may also allow survivors to avoid probate in those states. Aside from the advantages for the survivors, a living trust can help a trustor manage his or her financial affairs because a trustee takes title to the trust's assets. Some people are particularly concerned about how their finances will be managed if they should fall ill. A living trust may provide peace of mind because a successor trustee can continue to manage the trust's assets in the event the trustor becomes mentally or physically incapacitated.
Power of Attorney
A power of attorney allows a person to appoint another (called the attorney-in-fact) to act as his or her agent in specified situations. For example, a person may delegate all financial powers and responsibilities to a designated individual, using a power of attorney, so that if the person becomes incapacitated, the attorney-in-fact can quickly begin making decisions.
Probate

Tax Law
As of 2021, estates worth more than $3,000,000 must file a Minnesota Estate Tax Return, Form M706, and estates worth more than $11,700,000 must file a Federal Estate Tax Return, Form 706. Federal Gift Tax Law regulates gifts to individuals during life. The gift tax rules prevent people from giving away their assets to avoid estate taxes at death. Gifts exceeding $15,000 per recipient per calendar year require the giver of the gift to file a Federal Gift Tax Return.

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