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What happens to your Assets if you die without a will
What happens to your Assets if you die without a will?
You work hard your whole life saving and investing to have a great retirement.  If you were not able to spend all your money before your death, you want to make sure those hard-earned assets are passed to intended family members and/or friends.  Without a Will, your assets could be left to your State of domicile. When a person dies without a Will it is called intestate. Your property will pass through the probate process and the courts will decide...

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Guardianship vs. Durable Power of Attorney: Positive and Negative Sides
Guardianship vs. Durable Power of Attorney: Positive and Negative Sides
If a person is disabled and doesn’t have a setup plan in place, then he or she is only left with the guardianship option. In such a situation, I, being a Guardianship Attorney can provide help when your family member or friend has become disabled. However, creating plans ahead of time is preferred because of benefits associated with using devices, such as power of attorney.  It is vital to understand the distinction between the guardianship and other alternatives and...

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Situations in Which Your Assets Might Be At Risk
Situations in Which Your Assets Might Be At Risk
Not all are conscious of the need to have an estate plan in place. The Estate Plan can include a Will or a trust but goes beyond in making sure your assets are managed if you are disabled. It can decrease the taxes, fees, or court costs your heirs may incur after your death. Failure to plan for the management and dispersement of your estate during disability and after death can be very expensive and cumbersome and this is...

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The Pros and Cons Can You Have By Working with a Financial Advisor
What Type of Advantages Can You Have By Working with a Financial Advisor?
Have you ever met a financial advisor that can aid with the management of your money? If not, then you are not alone. According to a recent survey, approximately only 28% of people meet with a financial planner. For most people, meeting with a financial advisor can improve your understanding regarding management of money, futuristic financial planning and avoid making uneducated decisions. Every person from low-wage earners to upper-income salary professionals can take benefit from the counsel and advice provided...

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Why It Is Necessary to Create an Estate Plan
Why Is It Necessary to Create an Estate Plan?
Estate Planning is the efficient way to allow for administration of your financial and personal assets you die or if you become mentally or physically incapacitated. In Wisconsin, there are several options to establish a written set of directions to your friends and family showing them how your property is to be distributed after your demise. If you fail to put together at least a simple legal document, the administration of your estate will likely cost thousands and may...

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Frequently Asked Questions (FAQs) about Guardianship attorney in Wisconsin
Frequently Asked Questions (FAQs) about Guardianship
It sometimes becomes necessary for individuals to take responsibility for the care and wellness of their loved ones. However, not every case is the same. For instance, a minor needing guardianship is not quite the same as a senior that requires guardianship. Whatever the circumstances are, having an experienced guardianship attorney in Wisconsin, can help you navigate the process effectively and reduce stress and uncertainty.  I’ll explain to you the role of a guardianship attorney how we can help secure...

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Different Types of Elder Abuse Experienced In A Nursing Home
Different Types of Elder Abuse Experienced In A Nursing Home
Placing your loved one in a nursing home is not an easy decision. You take this tough decision to give our aging loved ones proper attention and care. One of the most important things that you should never need to fear is elder abuse in a nursing home. It is distressing for a family to hear that their loved one is injured or killed in a place to which they completely trust. If such a situation occurs, you must...

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Will vs. Trust – What Do I Need?
Will vs. Trust – What Do I Need?
posted by: in Will | tagged:
People work hard throughout their life to provide for their families while living and even after death.  We often have ideas and wishes as to what and where those items/monies go to.  Regardless of your means, you have an estate and there are several strategies to choose from to ensure those assets are distributed according to your wishes and in a timely fashion. We call it your Estate Plan. The right strategy depends on your circumstance. For some, a...

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Why Do I Need an Attorney for Estate Planning
Why Do I Need an Attorney for Estate Planning?
Everybody is aware of a will. There are numerous definitions of estate planning. Life and Estate Planning is basically how to give the assets which you have gathered through your life to your next generation in the best and most productive way. This includes looking at all parts of your assets and liabilities and getting ready for what's to come. Depending on your circumstance, this may include wills, enduring guardianship documents or power of attorney. It might also include living...

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Choosing A Beneficiary For Your IRA or 401(k) Is Part of Your Estate Plan
Choosing a Beneficiary for Your IRA or 401(k) Is Part of Your Estate Plan
Choosing beneficiaries for your retirement accounts is different from selecting beneficiaries for your other assets like life insurance. With retirement benefits, you must know the influence of estate tax and income tax laws in order to choose the suitable beneficiaries. Though, taxes should not be the only determining factor in naming your beneficiaries, as ignoring the influence of taxes could result in making a wrong choice. Additionally, if you are married, designation of beneficiary might affect the size of required...

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