Contact us for a Free Initial Consultation 414-253-8500

Wills: A Comprehensive Guide for Shorewood, Wisconsin Residents

Creating a will is an essential aspect of estate planning that ensures your wishes are carried out after your death. This comprehensive guide will explore the importance of wills and the process involved in creating one in Shorewood, Wisconsin.

Heritage Law Office specializes in estate planning and provides a range of services, including will preparation. Contact our experienced attorneys either online or at 414-253-8500 to schedule a free consultation today.

What is a Will and Why is it Important in Shorewood, Wisconsin?

A will is a legal document that outlines how you want your assets distributed after your death. It also allows you to name a guardian for your minor children and an executor to manage your estate.

Benefits of Having a Will

  1. Control over asset distribution
  2. Appointment of guardians for minor children
  3. Minimized potential for family disputes
  4. Reduction in probate time and costs

Types of Wills in Wisconsin

There are several types of wills recognized in Wisconsin:

Simple Wills

A simple will outlines the distribution of your assets and names an executor to administer your estate.

Testamentary Trust Wills

A testamentary trust will creates a trust upon your death, providing ongoing management of assets for your beneficiaries.

Pour-Over Wills

A pour-over will transfers your assets into an existing trust upon your death, ensuring that all assets are managed according to the trust's terms.

Holographic Wills

A holographic will is handwritten and signed by the testator, but it is not recognized as a valid will in Wisconsin.

Nuncupative Wills

A nuncupative will is an oral declaration made in the presence of witnesses. However, Wisconsin law does not recognize nuncupative wills.

Requirements for a Valid Will in Wisconsin

To create a valid will in Wisconsin, you must meet the following requirements:

  1. Be at least 18 years old
  2. Be of sound mind
  3. Sign the will in the presence of two witnesses
  4. Have the witnesses sign the will

The Process of Creating a Will in Shorewood, Wisconsin

  1. Inventory your assets
  2. Choose your beneficiaries
  3. Select an executor
  4. Name a guardian for minor children
  5. Draft the will with the help of an experienced attorney
  6. Sign the will in the presence of witnesses
  7. Store the will in a safe place

Updating Your Will

Life events such as marriage, divorce, the birth of a child, or significant changes in financial circumstances may require you to update your will. Consult with a knowledgeable attorney to ensure your will remains current and reflective of your wishes.

The Probate Process in Wisconsin

Probate is the legal process of administering the estate of a deceased person. The process involves proving the validity of the will, paying debts, and distributing assets to beneficiaries. An experienced attorney can help guide you through the probate process and ensure your interests are protected.

Contact a Wills Attorney in Shorewood, Wisconsin

For assistance with wills and estate planning, contact our experienced attorneys at Heritage Law Office by using the online form or calling us directly at 414-253-8500. We are dedicated to helping you create a comprehensive estate plan that safeguards your assets and provides for your loved ones.

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)
1 more location