This book is a comprehensive guide for the people of Wisconsin about estate planning, trust, and probate. Most often, people don’t spend time to plan their estate and when they pass, their family has to go through the expensive procedure of probate. This book educates about the need and importance of estate planning, why to have a will, living trust and more importantly the disadvantages of probate.
Any person needs trust planning who is concerned about privacy, or the transition of wealth to the next generation, or the orderly management of assets if the person becomes unexpectedly incapacitated. Most of our clients who set up trusts are 50 and older, although many astute younger people set up trusts when they have young children. Trust planning is a good way to protect the children's assets throughout the child's life, and beyond.
Major life events that trigger people to set up trusts include having children or grandchildren, the death of a loved one, impending retirement, getting married (for a second time), receiving an inheritance, or a loved one entering a nursing facility.
In addition, special needs planning such as Medicaid and Nursing Home Expense Planning for families who have disabled members is another short section of this book. In the end, this book tells the readers how and why they should hire an attorney experienced in estate planning.