Most Minnesota residents can see the logic in having a will. However, a will is only one part of estate planning. Many individuals may need trusts in order to ensure inheritances are protected on behalf of heirs and beneficiaries.
There may be a general perception that complex estate planning is only for particularly wealthy people. Realistically, that's not the case. No matter how sizable a person's assets are, it may be important to designate beneficiaries in order to reflect personal wishes, rather than inheritance laws enforced by the state government.