Tag Archives: "Probate"

What are the Steps Involved with the Probate Process?
Probate is the process involved in passing a deceased person’s property to their heirs or beneficiaries named in the decedent’s will.  The court process differs from state to state.  Generally, the following steps are included: Filing the will and petition with the probate court appointing an executor or personal representative. You will need to find out everything the deceased owned so you can file an Inventory (list) with the court. Any bills or bequests should be paid from a...

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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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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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Will vs. Trust – What Do I Need?
Will vs. Trust – What Do I Need?
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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Probate-elderlawfirmofwisconsin
Probate
Probate is the legal process through which a person's assets are transferred after their death. The procedure is supervised by a court of law and designed to protect anyone with a legal interest in the deceased person's estate. Probate is used to distribute a decedent's assets not only to beneficiaries, but also to creditors and taxing authorities. The estate lawyers of Elder Law Center of Wisconsin are versed in all areas of probate, wills, estate planning, and trusts and can...

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