There are several goals associated with estate planning, they include:
Contrary to popular belief, estate plans are not exclusively for individuals with substantial wealth. Without the proper estate planning documents, your wishes may go unrecognized by the courts should you become incapacitated or die.
When you do not have an estate plan you are limiting your ability to instruct the court on your wishes about health care and financial decisions if you are incapacitated as well as how you would like your property distributed upon your death. Should you die without a will the court will nominate a personal representative to administer your estate and property will be distributed according to statutory guidelines.
Our firm aims to make estate planning affordable and efficient; we have designed the following four-step system to assist you in gathering information, analyzing your options, and executing your documents:
The following life events signify a need for you to consider estate planning:
When someone dies, with or without a will, Wisconsin law requires a legal proceeding to settle the estate if the person owned property. This proceeding is called "probate". The probate proceeding MUST take place in the county where the deceased lived. Property includes bank accounts, vehicles, a home, etc. The Personal Representative is the person either named in the will or appointed by the court to:
A personal representative may wish to turn to a lawyer for professional legal advice related to the probate process. In Wisconsin, the personal representative is free to hire any attorney of choice; this need not be the lawyer who drafted the will.
Gustafson Gervasi Law Office, LLC provides legal advice, at an hourly rate, to a personal representative going through the probate process. If you would like more information on these services or to inquire about the hourly charge, please call 608-274-7192 or email Melinda@gustafsonlegal.com