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Wills and Trusts
Estate Planning in Wisconsin: Wills, Trusts & Power of Attorneys
What is a Wisconsin Estate Plan?
A Wisconsin Estate Plan is a carefully considered and executed plan for organizing and managing your assets during your lifetime, during any period in which you are incapacitated, and after your death.
Estate planning is the process by which you express your wishes and marshal your assets to ensure that your wishes are carried out. It involves making decisions about how your property, finances, and healthcare should be handled, both during your life and after you pass away. A well-crafted estate plan can provide peace of mind and help avoid legal complications for your loved ones.
Considering Estate Planning? Contact us to set up a consultation today.
Why is Estate Planning so Important?
The Estate Planning process is important because it brings to the forefront many of the most pressing questions that can and will arise in the event you are incapacitated or deceased. It puts you in control of deciding who will make your most intimate decisions and who will manage and receive your assets when you are gone.
An Estate Plan allows you to better care for your family after you’re gone. You can identify your loved one’s needs and strategize how to best meet these needs when you no longer can.
A well-crafted Wisconsin Estate Plan will also address essential questions regarding who will manage your affairs and make your healthcare decisions when you cannot.
For some clients, their Wisconsin Estate Plan will also address important tax or wealth preservation concerns. Your Wisconsin Estate Plan spells out your wishes and ensures the people and organizations that are most important to you are cared for after you’re gone.
What Does Wisconsin Estate Planning Entail?
A Wisconsin Estate Plan can be comprised of several documents, including:
A Will: A Will is a legal document specifying how you want your probate assets to be distributed after your death. Your Will can also nominate guardians for your minor children.
A Trust: A Trust is a legal arrangement where a trustee holds and manages assets on your behalf or on behalf of your named beneficiaries. A Trust can help you avoid probate, manage complex estates, navigate unique assets and unique situations, and even protect your assets.
A Financial Power of Attorney: A Financial Power of Attorney designates someone of your choosing to make financial decisions on your behalf.
A Healthcare Power of Attorney: A Healthcare Power of Attorney appoints someone of your choosing to make your medical decisions for you if you become incapacitated.
A Living Will: Also called a Declaration to Healthcare Professionals, a Living Will is a document that provides instructions regarding your preferences for medical treatment in situations where you are unable to communicate your wishes.
Probate & Trust Administration: Administration of an estate on death arises if the deceased is legally intestate, meaning they did not leave a will, or if some assets are not disposed of by their will.
Why Choose a Nowlan Attorney to Assist You with your Wisconsin Estate Plan?
Nowlan’s Estate Planning Attorneys have helped hundreds of clients just like you navigate the federal and state laws and regulations related to Estate Planning. Our experienced attorneys are able to guide you through the legal and practical considerations related to your Estate Plan. They provide you with personalized advice, tailored to your situation. They can help you create an Estate Plan that not only complies with the law, but also ensures that your wishes are honored.
Don't Leave Your Estate to Chance
Start planning today to ensure your Wisconsin Estate Plan is just that, yours. Make sure that your loved ones are protected and that your assets are aligned with your wishes.
While each of our Estate Planning attorneys has a unique style, they all have extensive expertise, an outstanding attention to detail, and offer proactive guidance to help protect what matters most, for who matters most to you.
Reach out so we can help you step by step through the process.
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The attorneys and staff at Nowlan are ready to answer your questions and offer timely assistance. No question is too small, no request too insignificant. We are here to help. We look forward to hearing from you and working together.
Janesville
Address
100 South Main StreetJanesville, WI 53545
Phone
(608) 755-8100Hours
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Beloit
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604 Pleasant StreetSuite 120
Beloit, WI 53511
Phone
(608) 313-8100Hours
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Sun Prairie
Address
1777 W. Main StSuite 205
Sun Prairie, WI 53590
Phone
(608) 313-8100Hours
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