Estate plans are crucial to providing for your family in the event of your death or disability. Depending on the complexity of your financial holdings, a simple will may suffice. Because Wisconsin is a marital property estate, it is also important to take into consideration any property agreements you and your spouse prepared before or after marriage.
Advanced Care Planning
After considering personal values, having discussions with loved ones, and understanding the various life-sustaining technologies available, many people today opt to have a plan in place in the event their life is coming to an end due to an accident or terminal illness.
Unless you have taken the time to plan, you may be kept alive by artificial means regardless of your quality of life. If you prefer to make your own decisions, you can appoint a health care agent to ensure your wishes are carried out.
Trusts Including Revocable Trusts
If you wish to minimize the impact of the probate process, you should consider setting up a trust. When you set up a trust, you designate a person to manage assets in the event of your disability or death without the requirement of going to court. Unlike a will, trusts are not subject to the probate process. A revocable trust allows for changes to beneficiaries of the trust at any time.
- Wills and Trusts
- Probate Avoidance
- Powers of Attorney
- Transfer of Death Deeds
- Marital Property Agreements
- Advance Care Planning
When you are ready to make decisions about your estate, contact a Northwoods estate planning lawyer at Waters Legal Services, (Remove LLC)today. I provide services across northern Wisconsin including Florence, Forest, Marinette, Oconto, and Vilas counties and Upper Michigan in Iron and Dickinson Counties.