Milwaukee Estate Planning Services

Milwaukee Estate Planning Services

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Learn more about Estate Planning with educational brochures from the State Bar of Wisconsin.

Wills/Estate Planning (PDF)

Durable Powers of Attorney (PDF)

Revocable Living Trusts (PDF)

Estate Planning

A typical estate plan consists of several elements that when coordinated correctly can provide for your immediate family, plan for incapacity, minimize expenses, expedite property to beneficiaries, reduce taxes on your estate, provide for an orderly business transition, and help a worthy cause. Whether your goal touches on one or all of these, The Law Office of David Watson, LLC will develop or update a plan tailored specifically for you and your loved ones. Most estate planning services are provided at a flat rate. This plan may consist of:

Will(s)

A document that controls the disposition of assets that are not disposed of through will substitutes (retirement plans, life insurance policies, joint tenancies, etc.). It also can dispose of after-acquired assets and perform functions that other documents cannot perform (such as appointing guardians of the person and estate of minor children). Every adult should have a will and thus every estate plan will include one.

Trust(s)

A flexible tool used to provide for the grantor’s (one who creates the trust) family over time. Often used to avoid probate, a trust can provide for an orderly disposition of assets by creating successive interests. These successive interests can then be dependent upon a trustee’s discretion giving the grantor a degree of control as to how and when distributions are made and giving beneficiaries a degree of protection. Trusts can be revocable, irrevocable, or testamentary (created in the will) by design.

Durable Powers of Attorney

Provides for the management of one’s property (the principal) in the event the principal becomes incompetent so that the property will not be subject to management by a guardian or custodian. A properly executed durable power of attorney eliminates the need to obtain court approval or supervision concerning the sale or use of the principal’s property.

Durable Power of Attorney for Health Care

Expresses one’s wishes regarding medical treatment and allows an agent to act on the principal’s behalf in regards to these wishes.

Health Insurance Portability and Accountability Act (HIPAA) Disclosure(s)

Authorizes the use and disclosure of one’s protected health information. Without this disclosure, physicians and other health care providers are severally limited in information that they can provide regarding the health and capacity of an individual

Living Will(s)

An expression of one’s end-of-life wishes regarding the administration of medical care in the event of a terminal condition.

Learn More

To learn more about our estate planning solutions, contact The Law Office of David Watson, LLC, or access our Estate Planing Questionnaire to help us custom tailor an estate plan for you and your loved ones.

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