Heritage Law Office provides experienced estate lawyers in Milwaukee, Wisconsin. Our knowledgeable attorneys are ready to help you with estate planning, probate, and business law. Contact us online or at 414-253-8500 to schedule a free consultation today.
Understanding Estate Planning in Wisconsin
Estate planning is a vital process that allows you to determine how your assets and property will be distributed after your death. It can help minimize taxes, avoid probate, and provide financial security for your loved ones.
What is Estate Planning?
Estate planning involves creating legal documents that detail your wishes for your assets, property, and healthcare decisions. It typically includes wills, trusts, powers of attorney, and healthcare directives.
A will is a legal document that outlines how your assets should be distributed after your death. It can also appoint a guardian for minor children and name an executor to manage your estate.
A trust is a legal arrangement in which a person, known as the trustee, holds and manages assets for the benefit of others, known as beneficiaries. Trusts can help avoid probate, protect assets from creditors, and provide tax benefits.
Probate in Wisconsin
Probate is the legal process of administering the estate of a deceased person. It involves validating the will, paying debts and taxes, and distributing the remaining assets according to the will or state law.
Using trusts and other estate planning techniques, you can avoid probate and simplify the process of transferring assets to your beneficiaries.
Powers of Attorney and Healthcare Directives in Wisconsin
Estate planning also includes creating documents that address healthcare decisions and financial management in the event you become incapacitated.
Powers of Attorney
A power of attorney allows you to designate an agent to make financial and legal decisions on your behalf if you become unable to do so.
A healthcare directive, also known as a living will, allows you to specify your preferences for medical treatment and end-of-life care. It also appoints a healthcare agent to make medical decisions on your behalf if you are unable to communicate your wishes.
Tips for Choosing an Estate Lawyer in Milwaukee, Wisconsin
When selecting an estate lawyer, consider their experience, communication skills, and availability. Ask for recommendations and schedule consultations to find the right attorney for your needs.
Experience and Knowledge
Choose an attorney who is experienced in estate planning, probate, and related areas of law. They should be knowledgeable about Wisconsin laws and regulations and be able to provide tailored advice for your unique situation.
Communication and Availability
Your estate lawyer should be responsive, easy to communicate with, and available to answer your questions and address concerns. They should also be willing to explain complex legal concepts in a way that you can understand.
Contact an Estate Lawyer in Milwaukee, Wisconsin
If you need help with estate planning, probate, or other legal matters in Milwaukee, Wisconsin, contact Heritage Law Office. Our experienced attorneys are ready to assist you. Contact us online or call us directly at 414-253-8500 to schedule a free consultation.