Chapter 766 of the Wisconsin Statutes commonly referred to as the Marital Property Act creates a presumed equal interest in property owned by either spouse and a presumed equal obligation for debts to third parties?
Protecting Your Family's Future
What is advance planning worth to your children, your spouse, or anybody else you care about? As estate planning legal professionals, the attorneys at Zimmerman & Steber Legal Group in Delafield, Wisconsin, can help you make sure that your family is provided for, that taxes are minimized and that your final wishes are carried out. Our attorneys provide skilled and compassionate estate planning services to clients throughout Waukesha County and southeastern Wisconsin. It is worth a few hours of your time to make sure that your loved ones are taken care of. Please contact us by e-mail or call us at 262-646-4850 to schedule a consultation to discuss how we can help you protect your wealth and leave a legacy for your loved ones.
Wills and Living Trusts
Many people do not have a will, trust, or any other estate plan in place. Even if you are young, it can be a mistake to think that you will always have time to put an estate plan together. Unexpected or sudden illnesses and accidents can and do happen. A will is the "starting point" for your estate plan and is designed primarily to distribute your assets the way you want them distributed. A living trust is an instrument that can be used to handle assets while you are alive and to manage and transfer assets to your heirs after death, especially to young children or grandchildren. You need not be wealthy to have a living trust; among other things, it can help you minimize or avoid probate and potentially save your heirs thousands of dollars in taxes. A will and in many cases a living trust are the building blocks of your estate plans. However, no two situations are ever the same. One of our experienced estate planning lawyers can help you develop an estate plan to fit your needs — whether it be a will, living trust, special needs trust, revocable trust, irrevocable life insurance trust (ILIT), charitable trust or some other instrument.
Health Care Power of Attorney
A health care power of attorney is a living will in which you designate a family member or other trusted person to make medical decisions for you should you become incapacitated.
Property or Finance Power of Attorney
As part of their estate plan, many people utilize a Power of Attorney for Finances and Property. This document allows you to designate an individual to make financial decisions for you in the event that you become either mentally or physically unable to do so. A durable power of attorney for property and finance can remain in force even after you become disabled or incompetent. In addition to potentially eliminating the need to establish guardianship, it allows you, rather than a judge, to choose your agent in advance.
See our blog to view a video about the importance of these documents to meet your estate plaaning goals.
Contact Us to Discuss Your Legal Needs
We serve clients throughout Waukesha County and southeast Wisconsin with their estate planning needs. To schedule a consultation, please call us at 262-646-4850 or contact us by e-mail.