Agreeing to serve as the personal representative of an estate is a noble decision. People who create estate plans or leave behind dependent family members typically want their assets to benefit their close loved ones. Personal representatives help ensure that...
Most people associate estate planning with older individuals preparing for retirement or people with significant wealth. This perception can mislead people into passing up the opportunity to put their affairs in order when they still can. Creating an estate plan at...
Estate planning is important for everyone, regardless of age or wealth. It ensures that your assets get distributed according to your wishes after you pass away. However, many people make mistakes in their estate planning process that can lead to unintended...
A will serves as an important document in outlining how your assets are after your passing. While you might not give yours much thought on a daily basis, it should come into focus any time you experience a major life change. Following certain significant events, it is...
Many people think of estate planning as something to do when they’re in their senior years and ready to codify who will get their assets when they die. Unfortunately, this mindset can leave individuals – and their loved ones – unnecessarily vulnerable for a large...
Discussing estate planning with your parents might feel like a difficult task, but it is an important one for you both to complete. Having a clear plan in place helps them feel at peace and know that people will respect their wishes and manage their assets well. Being...
It can be as important to choose the right person to handle estate administration as it is to put together an estate plan that reflects someone's values and closest relationships accurately. An executor, referred to in Wisconsin probate statutes as the personal...
It is a good idea to regularly update your estate plan throughout your life, particularly at major milestones. Retirement is one of the most significant milestones you can reach and also marks a time when your personal needs will change the most. As retirement draws...
If you’re passing property down in your estate plan, it can be a bit more complicated than simply passing on financial assets. You need to know exactly how to address this real estate and what options you have. Of course, everyone is in a unique situation. Therefore,...
Creating a formal estate plan is the best way to ensure the distribution of your assets goes as you wish after your death. Every estate plan is personal, but there is some basic documentation any estate plan should include. Will or trust You can use a will or trust to...
