Wisconsin Estate Planning Lawyers
Our estate planning lawyers serve Wisconsin residents by assisting them in creating wills, trusts, and other succession planning documents. If you’ve recently had a child, gotten married, bought a home, or had another major life event, these are all good times to update your will. Contact the lawyers at Grieve Civil Law to assist in your estate planning and secure your future.
What is Estate Planning?
Estate planning is a set of legal documents and actions which a person executes in order to create a controlled plan for their care and well-being during life, and to leave a lasting legacy by distributing their property according to their wishes after they have died. Estate planning typically involves Power of Attorney documents for vital assistance during the client’s lifetime, and a Will and/or Trust for distributing property after their death. However there are many nuances to estate planning, and other, different tools may also be used to best fit your specific goals, family structure, and factual scenario.
Types of Property in Estate Law
There are many types of property encompassed by estate law—virtually anything a person can own. The classic examples are:
- Real estate
- Bonds
- Bank accounts
- Gold, silver, or precious stones
- Cash
- Jewelry
- Retirement and investment accounts
- Firearms
- Stocks and other business ownership rights
- Animals
- Life insurance proceeds
- Furniture
- Automobiles, boats, and planes
- Other personal items
More modern examples of estate property could include:
Website ownership rights, passwords to online accounts, social media accounts, cryptocurrencies, other ownership rights associated with the internet, and timeshare and property sharing rights.
Estate Planning for Everyone
Often times there are outside circumstances that make creating a will more complicated than giving everything to your spouse or splitting it equally amongst your children. This ranges from parents having kids with a previous spouse, business ownership, and other situations depending on your assets and relatives.
Estate Planning For: