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Estate Planning for Accountants

As an accountant, you understand the importance of financial planning. You work hard to ensure that your clients' finances are in order and that they are prepared for the future. But what about your own finances? Have you taken the time to plan for your future?

Heritage Law Office offers estate planning services for accountants. We can help you create a comprehensive plan that will protect your assets and ensure that your wishes are carried out. We understand the unique needs of accountants, and we can tailor our services to meet your specific goals. To learn more, send us a message or give us a call at 414-253-8500.

The Importance of Estate Planning

Estate planning is the process of creating a plan for how your assets will be distributed after your death. This includes everything from your savings and investments to your home and personal belongings. Without a plan, your loved ones will have to make these decisions on their own, which can be difficult during an already emotional time.

In addition to making things easier on your loved ones, estate planning can also help you save money on taxes. With proper estate planning, you can minimize the amount of taxes your family will have to pay on your assets. This is especially important for those who have significant assets or who own a business.

Finally, estate planning can help you ensure that your assets are distributed according to your wishes. Without a plan, state laws will determine how your assets are divided, which may not be in line with what you want. For example, if you are not married and do not have children, state laws may dictate that your assets go to distant relatives or even the government. By creating an estate plan, you can ensure that your assets go to the people or causes that you care about most.

Creating an Estate Plan

The first step in creating an estate plan is to inventory your assets and determine their value. This includes everything from real estate and investments to personal belongings and life insurance policies. Once you know what you have and what it's worth, you can start making decisions about how you want those assets to be distributed. 

You will also need to name beneficiaries, who will inherit your assets after you die. You may also want to name an executor, who will be responsible for carrying out your wishes after you die. This person should be someone you trust implicitly and who is organized and detail-oriented

Finally, you will need to create legal documents that specify how you want your assets to be distributed after you die. These documents may include a last will and testament, trusts, powers of attorney, and health care directives. An experienced attorney can help you create these documents and ensure that they are properly executed. 

Contact an Estate Planning Attorney for Accountants

While estate planning may not be something you want to think about, it is an important part of financial planning. By taking the time to create an estate plan, you can make things easier on your loved ones and save money on taxes. Plus, you can ensure that your assets are distributed according to your wishes. If you haven't created an estate plan yet, now is the time to do it.

Heritage Law Office offers comprehensive estate planning services for accountants and other professionals in Wisconsin, California, and Minnesota. Contact us today by calling 414-253-8500 or by sending us a message to learn more about our services or to schedule a consultation with one of our attorneys."

Contact Us Today

For a comprehensive plan that will meet your needs or the needs of a loved one, contact us today. Located in Downtown Milwaukee, we proudly provide legal advice to those in Milwaukee County and surrounding communities.

Milwaukee Office
757 N. Broadway, Suite 300
Milwaukee, WI 53202
Minneapolis Office
Minneapolis, MN 55104
414-676-2787 (fax)
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