Wisconsin Living Trust Attorney

Wisconsin residents need to do their estate planning just like everyone else. What will happen to your property when you pass away? Hopefully after reading this page you will be interested in learning more about the advantages of a living trust. We also hope that you will be interested enough to make an appointment with a Wisconsin living trust attorney.

The most common use of a living trust is to keep your property out of probate court upon your passing. Doing so will save your heirs considerable time and money, as probate court can drag on, and in many cases, get very expensive.

For an estate that is valued at over two million dollars a living trust can create possible estate tax savings. There are several different types of trust, depending on if you are married and if you have children. Dealing with estates of this size is always best left to an expert estate lawyer.

Living trusts offer other advantages, which do not require you to have a large estate, to take advantage of. If you own property outside of Wisconsin, placing it into a living trust, could avoid probate court in various states. After your death your successor trustee, that you appoint, simply reassigns the deeds to your property according to your instructions. It is a very fast and easy process.

While a will can be contested, a living trust, in most cases, can not. This can be an effective tool to use to keep your beneficiaries from fighting over your property. You successor trustee will carry out your final wishes without the interference of layers, judges and courts. This means that if you want John to have the house in Green Bay and Mary to have the land outside of Oshkosh, that's the way it will be.

Most, if not all, of your possessions can be placed into a living trust. Stocks, bonds, insurance policies, real estate and any other personal property can be included. Items such as guardianship of children and pets still need to be dealt with in a will. All items left out of your trust, for any reason, should also be in your will.

Seeking the advice of an estate planning expert is an important step in creating your living trust. If you have a large estate it is strongly recommended that you hire an attorney to take care of everything for you. They should be able to more than cover their fees by saving you probate costs and estate taxes.

Need an Estate Lawyer?

However, a simple living trust can be created by a do it yourselfer. Be sure to visit a website, such as Legal Zoom and see what kind of help is available online. Also, make sure you visit NOLO for more free advice. These sites have all the forms, software, books and advice you should need.

However you decide to create your living trust, it would be a good idea to have all of the papers looked at, and approved, by your attorney. This could avoid costly mistakes. If you are looking for a qualified Wisconsin living trust attorney try Legal Match.

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