Amanda R. Hespen is a partner at Jeffrey P. Scott & Associates, LLC. She focuses her... more
Amanda R. Hespen is a partner at Jeffrey P. Scott & Associates, LLC. She focuses her practice on estate planning matters including trusts, wills, powers of attorney and health care directives and probate and trust administrations. She is a 2008 graduate of William Mitchell College of Law and is licensed in Minnesota and Wisconsin. She spends her spare time with her husband and young son watc... view profile
Katie is an associate attorney at Jeffrey P. Scott & Associates. After graduating... more
Katie is an associate attorney at Jeffrey P. Scott & Associates. After graduating from the University of St. Thomas, cum laude, Katie enrolled at the University of St. Thomas School of Law. During law school, Katie developed a passion for helping families and individuals meet their lifetime needs and legacy goals through specialized estate planning. While clerking at a respected law firm in New... view profile
Our family lives in the St. Croix Valley outside of Stillwater. We enjoy living in... more
Our family lives in the St. Croix Valley outside of Stillwater. We enjoy living in this beautiful area and try to walk along the river or through Stillwater at least once a week. I enjoy running on the trails of the four state parks that are within one hour of our house.
A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.