Tim Oliver, Attorney Tumblr Blog

Oliver and Johnson Partner Tim Oliver After graduating from the University of Minnesota Carlson School of Management with a degree in accounting, Tim Oliver enrolled at the William Mitchell College of Law in Minneapolis, where he graduated magna cum laude. In 1991, he became an attorney and partner at Oliver and Johnson, PA. Possessing expertise in various fields of law, including estate planning and real estate title insurance, Tim Oliver approaches each case with the needs of the individual client in mind. As an attorney, he appreciates the importance of helping clients understand how various laws affect their estates. As a leader in the workplace, Timothy J. Oliver has worked to develop a team that provides superior client service throughout the office. When he is not practicing law, Timothy Jon Oliver enjoys staying active by running. He also finds time to support the Gophers sports program at the University of Minnesota by attending football, basketball, and hockey games.

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Assets Not Normally Included in a Will

Tim Oliver became an attorney with Oliver and Johnson, PA, in 1991. For over 30 years, Tim Oliver has gained significant experience as an attorney specializing in estate planning. In this role, Timothy Jon Oliver works closely with clients as they assemble wills and trusts. Writing a will is an important part of an estate plan and serves as a legal directive for what should happen to select assets after the author of the will has died. However, certain assets cannot be included in a will or should be handled using different methods. Joint tenancy properties, for example, transfer to the living owner upon the death of the second owner, regardless of what has been written in either owner’s will. Solely owned properties, of course, can be included in a will, though many people use a living trust for property in order to avoid the time-consuming and expensive process of probate. All assets contained within a trust transfer directly to the stated beneficiaries without need of a judge or probate administrator. Proceeds from a life insurance policy can also be included in a living trust. On the other hand, certain assets feature their own channels following the owner’s death, such as proceeds from a retirement policy. When organizing a retirement plan, the policy will include a section that specifies a beneficiary.