Do I need a will in Wisconsin? What does a trust actually do? How can I protect my assets and minimize estate taxes for my family?
These are just a few of the most common questions that clients ask us in regard to estate planning, and they highlight a common theme in this area of law - having the right information in hand and a solid estate plan in place are essential to gaining peace of mind.
At Nicolet Law Office, S.C., we pride ourselves on providing our clients with all the information they need to understand all of their estate planning options. In addition to the questions above, we answer questions such as:
- Should I have a will or a trust? Or a combination of both?
- How can I protect my hard-earned assets while I'm alive and then pass them onto my loved ones with minimal hassle?
- How can I be sure that my will is valid under Wisconsin law?
- Is there a way to keep information about my property and assets private?
- I've heard that you should avoid probate whenever possible - is that true?
- Will my family have to pay estate taxes?
- I already have a will or trust, but it was created many years ago - is it still valid?
One important question that we are often asked is "Do I need to have a lot of assets or property to need an estate plan?" The answer is no - everyone should have an estate plan. Even if you do not leave behind an estate worth a monumental sum of money, an estate plan allows you to control how your assets are distributed. Without that control, the government will not only have a record of all of your assets, but will also get to dictate how those assets are distributed. You don't want this to happen, so you should have an estate plan in place no matter how large or small you anticipate your estate will be.
To discuss your estate planning needs with one of our attorneys, contact us at 800-456-6956 or online to arrange a consultation. We have offices located in Hudson, Eau Claire, St. Paul and Amery.